If you enjoyed that one then you also will enjoy this short concise history of money.
THE ROTHSCHILDS (1743)
A goldsmith named Amshall Moses Bower opened a counting house in Frankfurt Germany in 1743. He placed a Roman eagle on a red shield over the door prompting people to call his shop the Red Shield Firm pronounced in German as "Rothschild".
His son later changed his name to Rothschild when he inherited the business. Loaning money to individuals was all well and good but he soon found it much more profitable loaning money to governments and Kings. It always involved much bigger amounts, always secured from public taxes.
Once he got the hang of things he set his sights on the world by training his five sons in the art of money creation, before sending them out to the major financial centres of the world to create and dominate the central banking systems.
J.P. Morgan was thought by many to be the richest man in the world during the second world war, but upon his death it was discovered he was merely a lieutenant within the Rothschild empire owning only 19% of the J.P. Morgan Companies.
"There is but one power in Europe and that is Rothschild."
19th century French commentator 1
We will explore a little more about the richest family a little later, after we've had a look at:
1. Niall Ferguson, THE HOUSE OF ROTHSCHILD, Money's Prophets, 1798-1848
THE AMERICAN REVOLUTION (1764 - 1781)