Wednesday, 16 January 2008

Paper Money History: 19th Century and The Rothschild Dynasty

19th Century Paper Money - 1861 - 1875

No Year Country Issued by Paper Money Value
1861 Angola Junta da Fazenda Publica 1000,2000,5000,20000 reis
1861 Confederate Statesof America Confederate States - Montgomery 50,100,500,1000 dollars
1861 India Government of India 10,20 rupees
1862 Ecuador Manuel Antonio of Luzarraga 1,4,5,10,20 pesos
1862 Hong Kong Asiatic Banking Corporation 50,100 dollars
1863 Latvia Stock Exchange Bank of Riga 10,15,20,25,50 kop
1865 Costa Rica Republic of Costa Rica 1,2,5,10,25,50 pesos
1865 Sierra Leone Commercial Bank of Sierra Leone 1 pound
1866 Australia Queensland Treasury 1,5 pounds
1866 Canada Province of Canada 1,2,5,10,20,50,100,500 dollars
1866 Ireland - Republic National Promissory Bonds 5 dollars
1867 Fiji Treasury Notes 1 dollar
1868 Bahamas Public Treasury 1 pound
1868 Bolivia Banco Boliviano 1,5,10,20,50,100 pesos fuertes
1872 Japan Ministry of Finance 10,20 sen, ½, 1,2,5,10,50,100 yen
1873 New Caledonia Company of New Caledonia 5,20 francs
1873 Spain Bank of Spain 25,50,100,500,1000 pesetas
1874 Germany – Empire Imperial Treasury Notes 5,20,50 mark
1874 Guatemala National Bank of Guatemala 1 real, 1,5,10,20,50,100 pesos
1874 Italy Federal Biglietti Consorziale 50cent,1,2,5,10,20,100,250,1000 lire
1875 French India Bank of Indochina 10,50 roupies
1875 French Indochina Bank of Indochina 5,20 dollars
1875 Madeira Islands Banco de Portugal 20000 reis

Credit for this list of 19th Century Paper Money Issues goes to Roger Outing

The Rothschild Dynasty

Mayer Amschel Rothschild
(1744 - 1812)

In the 19th Century a new Financial and Banking Family Dynasty was born, the Rothschild's Dynasty, they are still around today and waxing strong. The companies this family currently heads or are involved in include: N M Rothschild & Sons ( London) LCF Rothschild Group (Geneva), Royal & SunAlliance, Chemin de Fer du Nord, Rio Tinto Group, Eramet and Imerys, to name just a few. These are all large companies, N M Rothschild & Sons is a major Mergers and Aquisitions company ranked second in the UK ( 2006 statistics) with deals totalling £104.9 billion and LCF Rothschild Group extends to at least 15 countries.

So how did this big Financial Dynasty come into being?

In 1801, William IX ruler of German State, Hesse-Kappel appointed his friend and financial adviser, Mayer Amschel Rothschild, as his court agent and then introduced him to several other rich European Princes to whom he offered his services.

Rothschild used this opportunity well and built up good and long lasting relationships with the movers and shakers of Europe. By 1803, he gave the Danish government a loan of 20 million francs, the first of many financial transactions he hac with various governments in Europe. During the War with Napoleon he was able to build a reputation of a serious, honest, reliable banker who helped the different European countries during their time of need.

During the later part of the Napoleonic Wars Rothschild set up his five sons strategically over Europe, Solomon in Vienna, Nathan Mayer in London, Karl in Naples and Jacob in Paris and his eldest son Anselm Mayer he kept close to him in Frankfurt.

This enabled them to play a very important role in providing gold especially to Britain, they had a very good network in place which enabled them to ship bullions to different parts of Europe. With the interest they were able to yeild from all their transactions the family came out of the war very rich and became one of the most formidable banking forces of the 19th Century.

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