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Mayer Amschel Rothschild

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The Beginning. Lived in the cramped ghetto of Frankfurt, Germany on Judengrasse. After death of parents took an apprenticeship in the Jewish banking house of ... – PowerPoint PPT presentation

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Title: Mayer Amschel Rothschild


1
Mayer Amschel Rothschild
  • 1743-1812

2
The Beginning
  • Lived in the cramped ghetto of Frankfurt, Germany
    on Judengrasse
  • After death of parents took an apprenticeship in
    the Jewish banking house of Oppenheimer at
    Hannover

3
Getting Started
  • Mayer moved back to Frankfurt and took over his
    fathers business in 1750.
  • During this time and into the 1760s Mayer began
    to lay down the foundation of his vast fortune
  • Used selling rare coins as a means to not make
    money but establish contacts with persons of
    wealth, power, and influence.
  • In addition Mayer wrote a letter to one
    particular man of power Prince William of Hanau
  • On September 21, 1769 his worked paid off when
    the Prince allowed Mayer to bear the arms of the
    prince in front of his shop.

4
  • The next year Mayer married Gutele Schnaper.
  • Together they had a large family consisting of
    five successful sons and daughters that would
    later carry on the up and coming dynasty.

5
The Business
  • Mayer became a agent for William and helped him
    with his human cattle business
  • He then gained trust with the Prince through his
    diligence in his position of responsibility, thus
    causing the Prince to entrust him with 3,000,000
    when he was forced to flee to Denmark.
  • Rothschild then embezzled the money that was
    originally embezzled by the William from the
    troops who were originally entitled to it. With
    this twice embezzled money, Mayer established
    himself as the first international banker.
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