S M von Rothschild
Encyclopedia
S M von Rothschild was a bank
ing enterprise established in 1820 in Vienna
, Austria-Hungary
by Salomon Mayer Rothschild
, the founder of the Rothschild banking family of Austria
and a member of the Mayer Amschel Rothschild family of Frankfurt
, Germany
. The business prospered, financing various Austrian government undertakings where large amounts of capital had to be raised. The bank played a major role in the building of the country's economic infrastructure including the first rail transport
networks. Passed down to Salomon Mayer Rothschild's male heirs, the bank would be run by Anselm von Rothschild
(President: 1848–1874), Albert Salomon von Rothschild
(President: 1874–1911), and Louis Nathaniel von Rothschild (President: 1911-1939).
The 13 March 1938 Anschluss
of Austria to Nazi Germany
marked the forced end of the Rothschild's business in Austria. Because he was Jewish, Baron Louis von Rothschild, head of the bank at the time, was held in prison for a year and only released after a substantial ransom was paid by his family. After Baron Louis was stripped of his Austrian citizenship and allowed to leave the country empty-handed, in March 1939 the Nazis placed the firm of S M von Rothschild under compulsory administration and then sold it to the German private bank Merck, Finck & Co. in October of that year.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
ing enterprise established in 1820 in Vienna
Vienna
Vienna is the capital and largest city of the Republic of Austria and one of the nine states of Austria. Vienna is Austria's primary city, with a population of about 1.723 million , and is by far the largest city in Austria, as well as its cultural, economic, and political centre...
, Austria-Hungary
Austria-Hungary
Austria-Hungary , more formally known as the Kingdoms and Lands Represented in the Imperial Council and the Lands of the Holy Hungarian Crown of Saint Stephen, was a constitutional monarchic union between the crowns of the Austrian Empire and the Kingdom of Hungary in...
by Salomon Mayer Rothschild
Salomon Mayer von Rothschild
Salomon Mayer von Rothschild was a German-born banker in the Austrian Empire and the founder of the Viennese branch of the prominent Mayer Amschel Rothschild family....
, the founder of the Rothschild banking family of Austria
Rothschild banking family of Austria
The Rothschild banking family of Austria was founded by Salomon Mayer von Rothschild in 1820 in Vienna in what was then the Austrian Empire.-History:...
and a member of the Mayer Amschel Rothschild family of Frankfurt
Frankfurt
Frankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...
, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
. The business prospered, financing various Austrian government undertakings where large amounts of capital had to be raised. The bank played a major role in the building of the country's economic infrastructure including the first rail transport
Rail transport
Rail transport is a means of conveyance of passengers and goods by way of wheeled vehicles running on rail tracks. In contrast to road transport, where vehicles merely run on a prepared surface, rail vehicles are also directionally guided by the tracks they run on...
networks. Passed down to Salomon Mayer Rothschild's male heirs, the bank would be run by Anselm von Rothschild
Anselm von Rothschild
Anselm Salomon von Rothschild, baron was an Austrian banker, and a member of the Vienna branch of the Rothschild family....
(President: 1848–1874), Albert Salomon von Rothschild
Albert Salomon von Rothschild
Albert Salomon von Rothschild was a banker in Austria-Hungary and a member of the Rothschild banking family of Austria. Businesses that he owned included Creditanstalt and the Northern Railway.-Personal life:...
(President: 1874–1911), and Louis Nathaniel von Rothschild (President: 1911-1939).
The 13 March 1938 Anschluss
Anschluss
The Anschluss , also known as the ', was the occupation and annexation of Austria into Nazi Germany in 1938....
of Austria to Nazi Germany
Nazi Germany
Nazi Germany , also known as the Third Reich , but officially called German Reich from 1933 to 1943 and Greater German Reich from 26 June 1943 onward, is the name commonly used to refer to the state of Germany from 1933 to 1945, when it was a totalitarian dictatorship ruled by...
marked the forced end of the Rothschild's business in Austria. Because he was Jewish, Baron Louis von Rothschild, head of the bank at the time, was held in prison for a year and only released after a substantial ransom was paid by his family. After Baron Louis was stripped of his Austrian citizenship and allowed to leave the country empty-handed, in March 1939 the Nazis placed the firm of S M von Rothschild under compulsory administration and then sold it to the German private bank Merck, Finck & Co. in October of that year.
See also
- de Rothschild Frères, Paris
- N M Rothschild & Sons, LondonN M Rothschild & SonsN M Rothschild & Sons is a private investment banking company, belonging to the Rothschild family...