Business expanded rapidly following the French Revolution when Rothschild dealt with payments from Britain for the hire of Hessian mercenaries. The ancestry of the Rothschild name can be traced back to 1577 to Izaak Elchanan Rothschild, whose name derived from the home he occupied in the Frankfurt Judengasse – zum roten Schild (“at the sign of the red defend”).
- The ancestry of the Rothschild name could be traced back to 1577 to Izaak Elchanan Rothschild, whose name derived from the home he occupied in the Frankfurt Judengasse – zum roten Schild (“at the signal of the red protect”).
- Business expanded quickly following the French Revolution when Rothschild dealt with payments from Britain for the hire of Hessian mercenaries.
- He became a dealer in rare coins and gained the patronage of Crown Prince Wilhelm of Hesse (who had also earlier patronised his father).
- With the assistance of relatives, Mayer Amschel secured an apprenticeship under Jacob Wolf Oppenheimer, at the banking agency of Simon Wolf Oppenheimer in Hanover, in 1757.
Mayer Amschel Rothschild (1744-
With the assistance of relations, Mayer Amschel secured an apprenticeship under Jacob Wolf Oppenheimer, at the banking firm of Simon Wolf Oppenheimer in Hanover, in 1757. The grandson of Samuel Oppenheimer taught Rothschild useful knowledge in foreign trade and currency change, earlier than he returned to his brothers’ business in Frankfurt in 1763. He turned a dealer in rare cash and won the patronage of Crown Prince Wilhelm of Hesse (who had also spankbang. earlier patronised his father). His coin business grew to include a number of princely patrons, after which expanded by way of the availability of financial services to Crown Prince Wilhelm. In 1769, Mayer Amschel gained the title of “Court Agent”, managing the finances of the immensely wealthy Elector of Hesse-Cassel who turned Wilhelm IX, Landgrave of Hesse-Kassel in 1785.