1820 - 1850 : From these roots, the Rothschild banking
business spread rapidly across Europe.
By the time Nathan died in 1836, the Rothschilds were the most
successful international bankers of the age.
For more than a century from 1818, when Nathan in London arranged a £5
million loan to the Prussian government, raising funds for governments
throughout the world by the issuing of bonds formed the core of Rothschild
business.
Individual brothers and their descendants added other interests. In
France and Austria the Rothschilds pushed for, built and financed networks
of railways. In Vienna, Salomon became interested in engineering and
foundries. All became involved in precious metals, and in particular
gold.
In 1840, N M Rothschild & Sons became one of the Bank of England's
bullion brokers. Hard on the heels of the gold rushes of the 19th century,
agencies were set up in California and Australia.
For a good part of the century, the Rothschilds, through the
acquisition of key mines in Spain, enjoyed a monopoly in mercury, used in
the refining of precious metals. And for over a hundred years, from 1852,
the London bank operated the Royal Mint Refinery in London, refining and
casting for the Bank of England and other international customers. |