On The Nobility Of The Rothschild In England In19th Century

Private Bank in the19th century could use its own strength and social relationsto monopolize an industry with no difficulty, and could even affect the currentpolitical situation easily in Europe. A large part of that century almost became adynasty history of a few families, among which the Rothschild is the Jewishfinancial chaebol second to none.At the end of18th century, Mayer AmschelRothschild, the family founder of Rothschild, strategically introduced the partnersystem to manage the branch companies in the principal capitals of Europe and thismode of paternalism management is quite effective. The family’s financial powerhad reached the "hearts" of Europe during the19th century. Thus the House wascompared to a dynasty, while the countries were compared to the brothers’ territory.Dating back to the early19th century, they had already been wealthy, obtainedcertain social status and even established their own value system.However, as an emerging financial bourgeoisie, they were active in makingcontacts with traditional power,"taking a walk together with the king”, trying tointegrate into the upper class. As branches of the family had different financial statusand social mobility of the countries they located respectively varied from each other,their integration were also different from country to country. For the Britainbranch, it was realized through the long aristocratic process generation by generation.They bought land actively, took part in the parliamentary election under the goal ofnoble titles;they received the aristocratic education, adopted the aristocratic socialand cultural life style；practiced values of the noble and copied the aristocraticconsumption patterns as well.In this way, they began to integrate into British societyfrom their second and third generation in the middle of19th century and finally atend of that century, the fourth and fifth generation had became members of thearistocracy.Firstly, it is due to the objective need for family company to conduct businessas a private bank.Considering the special identity of private banking’s serviceobjects at the time, the family could not guarantee huge profits of its company onlywhen they had built up the network in the upper. No other than that need derived theprime subjective motive for the family to blend in with the upper society and getapproval from the society as soon as possible.The second reason turns out to be thattheir offspring born in England were almost inevitably affected by so-called"keeping up with upper class" social atmosphere.In addition, the openness of theBritish aristocracy system and the increased social mobility in the wake of theindustrial revolution offers the potential for this process. The process of "Nobility" was a double-edged sword to the Rothschild.Converging towards the noble certainly helps them in integrating into the uppersociety; but they also lost their original entrepreneurship as they gradually partookthe aristocratic way of leading a uxurious and dissipated life inadvertently. However,it is of profound significance because the Rothschild family, as Jewish financialbourgeoisie embraced Judaism all the time, realized the upward social mobility bysuccessfully breaking the boundaries of religious, the barriers of race and limits ofclass, and finally became a genuine member of the noble. Their nobility objectivelypromoted the religious equality, racial equality and class equality process,which isessential for the democratization and modernization of Britain. Of course, theRothschild phenomenon is not exclusive in Britain.