The House of Rothschild. Book II: The World’s Banker, 1849‒1999
By Niall Ferguson. For nearly 200 years, the famed Rothschild banking family has weathered political revolutions, world wars and international financial crises. The House of Rothschild chronicles the family’s rise and fall, and now its rise again, and describes the reasons for its lasting power.
The wars of the late 19th and early 20th century repeatedly threatened the stability of the Rothschild empire. Despite these many global upheavals, theirs remained the biggest bank in the world until WWI, their interests extending far beyond the realm of finance. Yet the Rothschilds failed to establish themselves in the U.S.
Now, with all the depth, clarity and drama with which he traced their ascent, Ferguson—the first historian with access to the long-lost Rothschild family archives—concludes his myth-breaking portrait of once of the most fascinating and power families of all time.
This book, the second of two volumes, is an authorized history. While members of the family read the manuscript, Ferguson said they did not censor his work.
Ferguson details the Rothschilds’ creation of the international bond market in the 1800s, through offices that stretched from London to Naples.
He also explores the family’s relationship to others in the Jewish community, the Rothschilds’ climb up the social ranks and their role as adviser to kings and politicians during times of war and peace.
But in the epilogue, where he describes the current resurgence of the House of Rothschild, Ferguson draws lessons about international finance that should interest those in the field today.
Softcover, 542 pages