House of Rothschild : The World's Banker, 1849-1999 - Hardcover

Ferguson, Niall

Hardcover

ISBN 10: 0670887943 ISBN 13: 9780670887941

Publisher: Viking, 1999

Synopsis

A second volume in the acclaimed history of the legendary banking dynasty chronicles the changing fortunes of the financial family during a turbulent era in world history, from their dramatic influence in nineteenth-century Europe to their gradual decline because of the failure to establish a sixth house in the world financial center of New York. 22,500 first printing.

About this title

Review:

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. "Part of the secret of long-run success in banking is, of course, not to go bust; the Rothschilds' relative risk aversion is one reason for their financial longevity," writes author Niall Ferguson, who was surprised to discover during his research that the family had a return on capital as low as an average 3.9 percent from 1900-1909.

This book, the second of two volumes, is an authorised 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, and their eventual eclipse by American bankers like J. P. Morgan. 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. The House of Rothschild is primarily an academic work with its footnotes, bibliography and quotations from Rothschild correspondence. The book is perhaps of most interest to fans of European political and economic history. 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. --Dan Ring, Amazon.com

Review:

"A stupendous achievement, a triumph of historical research and imagination."--Robert Skidelsky, The New York Review of Books

"Niall Ferguson's brilliant and altogether enthralling two-volume family saga proves that academic historians can still tell great stories that the rest of us want to read."--The New York Times Book Review

"Superb ... An impressive ... account of the Rothschilds and their role in history."--Boston Globe

About this edition

• Publisher: Viking
• Publication date: 1999
• ISBN 10: 0670887943
• ISBN 13: 9780670887941
• Binding: Hardcover
• Edition number: 1
• Number of pages: 688