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Ian Hislop examines the colourful, seriously loaded Victorian financiers whose spectacular philanthropy shows that banking wasn't always a byword for greed or self-serving financial recklessness.
In the 19th century a legend began which accuses him of having used his early knowledge of victory at the Battle of Waterloo to speculate on the Stock Exchange and make a vast fortune.[9]
...With this loyalty and success, the British government entrusted Nathan to finance Britain's allies against Napoleon. This is where the Rothschilds were able to make some money...
..invested nearly all the Rothschild money in British consols in 1817...
..invested the excess from the Wellington war chest to the benefit of the British Government, which put him on good terms with the Treasury and the Chancellor of the Exchequer and increased his reputation in The City of London...
...arranged a large ground-breaking international loan to Prussia...
...financed the new Brazilian government...
...saved The Bank of England with a large injection of gold..
...loaned money to King George IV, the Duke of York in 1824, and Princess Charlotte..
...became personal bankers of the Duke of Wellington...
...multi-million pound sterling loan with Russia...
...saved The Bank of England with a large injection of gold..
...established the Rothschilds in the gold bullion market, which they have directed from London ever since..
In 1847 Lionel de Rothschild was first elected to the British House of Commons as one of four MPs for the City of London constituency. Jews were at that point still barred from sitting in the chamber due to the Christian oath required to be sworn in so Prime Minister Lord John Russell introduced a Jewish Disabilities Bill to remove the problem with the oath.
..On 26 July 1858 de Rothschild took the oath..
..took his seat as the first Jewish member of Parliament...
became a member of the House of Lords and was created Baron Rothschild, of Tring in the County of Hertford, in the Peerage of the United Kingdom.
He also was Baron (Freiherr) von/de Rothschild, of the Austrian Empire, a nobility title he had inherited via his father. Lord Rothschild was the first Jewish member of the House of Lords
He worked as a partner in the London branch of the family bank NM Rothschild and Sons and became head of the bank after his father's death in 1879. During his tenure he also maintained its pre-eminent position in private venture finance and in issuing loans to the governments of the USA, Russia and Austria. Following the Rothschild's funding of the Suez Canal a close relationship was maintained with Benjamin Disraeli and affairs in Egypt.
..the most popular host in London would also become a very successful businessman, particularly with the House of Rothschild supporting him behind the scenes..
..His American agent was the Boston firm of Beebe, Morgan and Company, headed by Junius S. Morgan, father of John Pierpont Morgan..
..He persuaded Morgan to join him in London as a partner in George Peabody and Company in 1854..
..the House of Rothschild, with whom Morgan was later to become associated...
Freedom of the City is an ancient honour granted to martial organizations, allowing them the privilege to march into the city "with drums beating, colours flying, and bayonets fixed".
The Quaker families of Gurney, Pease and Buxton have always been on very friendly terms with the Rothschilds
Coutts & Co. (commonly abbreviated to Coutts) is one of the UK's private banking houses, now wholly owned by the Royal Bank of Scotland (RBS). RBS acquired Coutts and all of its overseas subsidiaries when it bought NatWest. On 1 January 2008, Coutts' international businesses were renamed RBS Coutts, aligning them more closely with the parent RBS Group.
He first married in 1864 to the distinguished artist and poet Caroline Blanche Elizabeth Fitzroy (died 10 August 1912, London), daughter of the Rt. Hon. Henry Fitzroy by his wife Hannah Mayer de Rothschild (daughter of Nathan Meyer Rothschild).
along the way he meets...philanthropic financier the current Lord Rothschild
Perhaps the richest of them all was Natty Rothschild, who tried not just to ensure that his personal wealth did good, but that his bank's did too
Originally posted by Flavian
reply to post by Acidtastic
I am actually expecting a documentary about philanthropy in the victorian era. I am prepared to bet that it won't touch too much on how the money was made, etc, as these types of programmes generally never do.
It will about museums donated to, reform schools set up, etc etc.
or in other words, propaganda.
Originally posted by Flavian
reply to post by Acidtastic
I am actually expecting a documentary about philanthropy in the victorian era. I am prepared to bet that it won't touch too much on how the money was made, etc, as these types of programmes generally never do.
It will about museums donated to, reform schools set up, etc etc.
Originally posted by Flavian
reply to post by Misterlondon
Don't get me wrong, i am not disagreeing with you about the nature of the Rothschilds et all, i simply disagree that this programme will be a type of pro banker propaganda.
I actually wish this was expanded to include all Victorian philanthropists rather than just the bankers. People like Joseph Rowntree and Titus Salt. Perhaps we should pass a rule saying you are only allowed to be seriously wealthy if you are from Quaker stock!
But it isn't a programme about the Rothschilds, it is about philanthropy in the Victorian era.
Originally posted by trustnothing
here is another connection I did not see listed, might explain a few things, note: exec at BBC, married to a Rothschild, chairman of Barclays - Marcus Agius en.wikipedia.org...
Originally posted by Misterlondon
Originally posted by Flavian
reply to post by Misterlondon
Don't get me wrong, i am not disagreeing with you about the nature of the Rothschilds et all, i simply disagree that this programme will be a type of pro banker propaganda.
I actually wish this was expanded to include all Victorian philanthropists rather than just the bankers. People like Joseph Rowntree and Titus Salt. Perhaps we should pass a rule saying you are only allowed to be seriously wealthy if you are from Quaker stock!
Personally i see it as a type of pro banker propaganda.. As you mentioned there were other great philanthropists from that era.. Why make a program specifically about bankers rather than philanthropy in general?