Rothschild Family - Family Overview

Family Overview

The first member of the family who was known to use the name "Rothschild" was Izaak Elchanan Rothschild, born in 1577. The name means "Red Shield" in old German. The family's ascent to international prominence began in 1744, with the birth of Mayer Amschel Rothschild in Frankfurt am Main, Germany. He was the son of Amschel Moses Rothschild, (born circa 1710), a money changer who had traded with the Prince of Hesse. Born in the ghetto (called "Judengasse" or Jewish-alley) of Frankfurt, Mayer developed a finance house and spread his empire by installing each of his five sons in the five main European financial centres to conduct business. The Rothschild coat of arms contains a clenched fist with five arrows symbolizing the five dynasties established by the five sons of Mayer Rothschild, in a reference to Psalm 127: "Like arrows in the hands of a warrior". The family motto appears below the shield: Concordia, Integritas, Industria (Unity, Integrity, Industry).

Paul Johnson writes "he Rothschilds are elusive. There is no book about them that is both revealing and accurate. Libraries of nonsense have been written about them... A woman who planned to write a book entitled Lies about the Rothschilds abandoned it, saying: 'It was relatively easy to spot the lies, but it proved impossible to find out the truth'". He writes that, unlike the court Jews of earlier centuries, who had financed and managed European noble houses, but often lost their wealth through violence or expropriation, the new kind of international bank created by the Rothschilds was impervious to local attacks. Their assets were held in financial instruments, circulating through the world as stocks, bonds and debts. Changes made by the Rothschilds allowed them to insulate their property from local violence: "Henceforth their real wealth was beyond the reach of the mob, almost beyond the reach of greedy monarchs." Johnson argued that their fortune was generated to the greatest extent by Nathan Mayer Rothschild in London; however more recent research by Niall Ferguson indicates that greater and equal profits also were realised by the other Rothschild dynasties, including James Mayer de Rothschild in Paris, Carl von Rothschild in Naples and Amschel Mayer in Frankfurt.

Another essential part of Mayer Rothschild's strategy for future success was to keep control of their banks in family hands, allowing them to maintain full secrecy about the size of their fortunes. About 1906, the Jewish Encyclopedia noted: "The practice initiated by the Rothschilds of having several brothers of a firm establish branches in the different financial centers was followed by other Jewish financiers, like the Bischoffsheims, Pereires, Seligmans, Lazards, and others, and these financiers by their integrity and financial skill obtained credit not alone with their Jewish confrères, but with the banking fraternity in general. By this means Jewish financiers obtained an increasing share of international finance during the middle and last quarter of the nineteenth century. The head of the whole group was the Rothschild family...". It also states: "Of more recent years, non-Jewish financiers have learned the same cosmopolitan method, and, on the whole, the control is now rather less than more in Jewish hands than formerly."

Mayer Rothschild successfully kept the fortune in the family with carefully arranged marriages, often between first or second cousins (similar to royal intermarriage). By the late 19th century, however, almost all Rothschilds had started to marry outside the family, usually into the aristocracy or other financial dynasties. His sons were:

• Amschel Mayer Rothschild (1773–1855): Frankfurt, died childless, passed to sons of Salomon and Calmann
• Salomon Mayer Rothschild (1774–1855): Vienna
• Nathan Mayer Rothschild (1777–1836): London
• Calmann Mayer Rothschild (1788–1855): Naples
• Jakob Mayer Rothschild (1792–1868): Paris

The German family name "Rothschild" is pronounced approximately ROT-shillt in German, not wroth(s)-child as it is in English. The surname "Rothschild" is common in Germany, and the vast majority of the bearers of the name are unrelated to this family. Moreover, the German surnames "Rothschild" and "Rothchild" are not related to the Protestant surname "Rothchilds" from the United Kingdom.

Families by country:

• Rothschild banking family of Germany
• Rothschild banking family of Austria
• Rothschild banking family of England
• Rothschild banking family of Naples
• Rothschild banking family of France