The House of 'R£thschild THE WORLD'S BANKER Niall Ferguson PENGUIN BOOKS PENGUIN BOOKS HOUSE OF ROTHSCHILD BorninGlasgowin 1964,NiallFergusonisFellowandTutor of Modern HistoryatJesusCollege, Oxford, aswellasapolitical commentator and author. His previous publications include TheHouse ofRothschild: Moneys Prophets, 1798-1848, now a Penguin paperback, ThePityofwar,and the bestselling book VirtualHistory:AlternativesandCounterfactuals. j j j j j j j j j j j j j j j j j j j j j j j j j j j The House of 'R£thschild THE WORLD'S BANKER Niall Ferguson PENGUIN BOOKS FORLACHLAN 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 CONTENTS Illustrationsinthetext XI Tables XIII Acknowledgements xv Familytree XVI Preface XXI I Uncles andNephews r-..J CharlottesDream(J849-1858) 3 ONE THEORTHODOXAND,THEREFOR.\1ED LIONELSTANDS DISRAELI PARLIAMENTANDPEERS ''AREALTRIUMPH" CAMBRIDGE GREATEXHIBITIONSANDCRYSTALPALACES TheEraofMobility(J849-1858) 50 TWO TwoEMPERORS THECREDITMOBILIER THEGOLDRUSH PUBLICFINANCEANDTHECRIMEANWAR THECOUNTER-AnACK NationalismandtheMultinational(J859-1863) 90 THREE THEFINANCESOF"UNifiCATION" FROMTURINTOZARAGOZA NAPOLEONATFERRIERES THEROOTSOFBRITISHNEUTRALITY THEAMERICANWARS F0 UR BloodandSilver(J863-1867) 120 GERMANUNIFICATION:THEFINANCIALBACKGROUND DRESSREHEARSAL:POLAND uiii CONTENTS SCHLESWIG-HOLS~"EIN PRIVATISATIONANDDIPLOMACY AMEETINGATBIARRITZ THEROADTOKONIGGRATZ SILVERLININGS FIVE BondsandIron (1867-1870) 154 LATINILLUSIONS THEbOLATIONOFAUSTRIA-HUNGARY THEECONOMICORIGINSOFTHf:GERMAN REICH THERUSSIANOPTION II ~ Cousins SIx Reicb,Republic,Rentes(1870-1873) 189 BISMARCKATFERRIERES "LEPIVOT D'UNECOMBlNAISON":REPARATIONS SOLLUNDHABE'! SEVEN "The CaucasianRoyalFamily" 220 THEFOURTHGENERUION PARTNERS PEERSANDPEERAGES ElGHT Jewish Questions 257 ANTI-SEMITISM RESPONSES , NINE "On theSideofImperialism" (1874-1885) 284 THEFINANCIALPOLITICSOFEMPIRE:EGYPT ANOTHEREASTERNQl'ESTION FROM INVESTMENTTOINVASION TEN PartyPolitics 318 FROMGLADSTONETODISRAELl POlITICSIN"BUCKS" UNIONISM CHURCHILLANDROSEBERY CONSERVATISMINFRANCE ELEVEN TheRisksandReturnsofEmpire (1885-1902) 339 THERISKSOFINFORMALEMPIRE:THEBARINGSCRISIS "STAUNCHMONOMETALLISTS" AN EMPIREUNDERGROUND RHODESANDTHEROTHSCHILDS THEPITFALLSOFFORMALEMPIRE:THEBOERWAR