"It requires a great deal of boldness, and a great deal of caution to make a great fortune"
[ ...on the backs of common peoples! - Aladdin ]
Nathan Mayer Rothschild, 1834
The Rothschild family can trace their first banking client to 1769. By 1830, within a generation, the five Rothschild brothers who spread out from their Frankfurt home were the most successful international banking group of their age.
Their rise to fame can be largely attributed to the commission from the British government in 1814 to solve the problem of funding the Duke of Wellington’s armies in Spain and France during the campaign to defeat Napoleon.
Using their growing, but already unrivalled, network of agents throughout Europe, the brothers bought up small quantities of gold coin and transported them secretly to Holland where they were shipped to Wellington to provision the army.
The lesson learned - of an innovative solution building upon carefully nurtured relationships - is one which has served Rothschild and its clients well in the two centuries which have followed.
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The dramatic success of the five founding Rothschild brothers lay in their closely synchronised business. Having set up banking operations in Frankfurt, London, Paris, Vienna and Naples they bound themselves by contract to clear, defined objectives and set about creating the fastest and safest courier network in Europe by which they exchanged encoded market information on a daily basis. It proved to be a winning formula which soon positioned them as the best informed and most internationally effective banking group in the world.
Couriers, pigeon post, the telegraph, the telephone and e-mail: as each new medium of communication came along it was quickly embraced by the Rothschilds to maintain their advantage.
Today the belief in concerted action and shared direction, bringing together offices and companies across the globe, remains at the heart of the Rothschild approach.
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To find out more about Rothschild History,
visit www.rothschildarchive.org
ROTHSCHILD GROUP HISTORY
http://www.rothschild.com.au/GroupHistory/default.asp
Appreciate more contributions from Readers and Agents on this subject .....
- Aladdin
