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Books > History > History of specific subjects > Economic history
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The House of Rothschild in Spain, 1812-1941 (Paperback)
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The House of Rothschild in Spain, 1812-1941 (Paperback)
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Amongst the serried ranks of capitalists who drove European
industrialisation in the nineteenth century, the Rothschilds were
amongst the most dynamic and the most successful. Establishing
businesses in Germany, Britain, France, Austria, and Italy the
family soon became leading financiers, bankrolling a host of
private and government businesses ventures. In so doing they played
a major role in fuelling economic and industrial development across
Europe, providing capital for major projects, particularly in the
mining and railway sectors. Nowhere was this more apparent than in
Spain, where for more than a century the House of Rothschild was
one of the primary motors of Spanish economic development. Yet,
despite the undoubted importance of the Rothschild's role,
questions still remain regarding the actual impact of these
financial activities and the effect they had on financial sectors,
companies and Spanish markets. It is to such questions that this
book turns its attention, utilising a host of archive sources in
Britain, France and Spain to fully analyse the investments and
financial activities carried out by the Rothschild House in Spain
during the nineteenth and early twentieth centuries. In so doing
the book tackles a variety of interrelated issues: Firstly, fixing
the period when the main capital entries sprung from the
initiatives taken by the Rothschild family, how consequential they
really were, and the sectors they affected. Secondly, quantifying
the importance of these investments and financial activities and
the weight they had on financial sectors, companies and Spanish
markets, as well as in foreign investment in each period. Thirdly,
outlining the steps followed and means used by the Rothschild House
in order to achieve the success in each of their businesses.
Finally, analysing the consequences of this phenomenon in the
actual growth of Spanish contemporary economy, both in a general
and in a partial scale. By exploring these crucial questions, not
only do we learn much more about the working of one of the leading
financial institutions and the development of the Spanish economy,
but a greater understanding of the broader impact of international
finance and the flow of capital in the nineteenth century is
achieved.
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