newsoholic Time to become News Oholic!
The Rothschilds already possessed a significant fortune before the start of the Napoleonic Wars (1803–1815), and the family had gained preeminence in the bullion trade by this time. From London in 1813 to 1815, Nathan Mayer Rothschild was instrumental in almost single-handedly financing the British war effort, organizing the shipment of bullion to the Duke of Wellington's armies across Europe, as well as arranging the payment of British financial subsidies to their continental allies. In 1815 alone, the Rothschilds provided £9.8 million (in 1815 currency, which is about £566 million, €717 million or US$869 million today, when using the retail price index, and £6.58 billion, €8.34 billion or US$10.1 billion when using average earnings) in subsidy loans to Britain's continental allies.
The Most Powerful Family In The World
The Rothschilds already possessed a significant fortune before the start of the Napoleonic Wars (1803–1815), and the family had gained preeminence in the bullion trade by this time. From London in 1813 to 1815, Nathan Mayer Rothschild was instrumental in almost single-handedly financing the British war effort, organizing the shipment of bullion to the Duke of Wellington's armies across Europe, as well as arranging the payment of British financial subsidies to their continental allies. In 1815 alone, the Rothschilds provided £9.8 million (in 1815 currency, which is about £566 million, €717 million or US$869 million today, when using the retail price index, and £6.58 billion, €8.34 billion or US$10.1 billion when using average earnings) in subsidy loans to Britain's continental allies.