Rothschild banking family of France

The Rothschild banking family of France is a French banking dynasty founded in 1812 in Paris by James Mayer de Rothschild (1792–1868). James was sent there from his home in Frankfurt, Germany, by his father, Mayer Amschel Rothschild (1744–1812). Wanting his sons to succeed on their own and to expand the family business across Europe, Mayer Amschel Rothschild had his eldest son remain in Frankfurt, while his four other sons were sent to different European cities to establish a financial institution to invest in business and provide banking services. Endogamy within the family was an essential part of the Rothschild strategy in order to ensure control of their wealth remained in family hands.

Through their collaborative efforts, the Rothschilds rose to prominence in a variety of banking endeavors including loans, government bonds and trading in bullion. Their financing afforded investment opportunities and during the 19th century, they became major stakeholders in large-scale mining and rail transport ventures that were fundamental to the rapidly expanding industrial economies of Europe. In partnership with N M Rothschild & Sons of England, they owned Chemin de Fer du Nord railway in France that ran from their Gare du Nord station in Paris to the English Channel. In addition, the Rothschilds in France became leaders in the wine growing industry. By the later part of the 19th century, oil was fast becoming an important commodity and the French bank was heavily involved in oil exploration in the Baku area of present-day Azerbaijan through their company, the Caspian and Black Sea Oil Industry and Trade Society established in 1883. Their investment proved to be a lucrative one and by the turn of the century, the various oil companies in Azerbaijan were producing more oil than any other country in the world. In 1898, the Rothschilds established the Mazut Transportation Society that developed a fleet of oil tankers operating in the Caspian Sea. In 1911, the Royal Dutch Shell company purchased the Azerbaijan oil fields from the Rothschild family.

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