Family banking in an era of crisis

N.M. Rothschild & Sons and business in central and eastern Europe between the World Wars

Bibliographic Data

ID8420701
AuthorsNeil Forbes (0000-0002-4960-5436, Coventry University, corresponding author)
Year2013
Volume55
Issue6
Pages963-980
Publication date2013-09-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueBusiness History (JOURNAL)
Journal identifiersISSN: 0007-6791 • E-ISSN: 1743-7938
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00076791.2012.744586
OpenAlexW2064838153
LanguageEN
Citations received3
References cited17

In focusing on the business conducted by N.M. Rothschild & Sons in central and eastern Europe, this article analyses how the same family-specific characteristics, which had facilitated competitive advantages before 1914, exposed the house to dangerous pressures after 1918. The interwar years were critical as the family struggled to endure economic and financial turmoil and, especially, the ideological challenges of the 1930s. Nevertheless, the bank continued to support succession states such as Hungary - though the government became authoritarian and the economy subservient to the interests of Nazi Germany. The article examines how familial connections that spanned generations, humanitarian concerns and path dependency combined to influence business decisions and structure assessments of political risk

Business · Business history · Economic history · Economics · Financial crisis · Keynesian economics · Political science · Rothschild · French Historical and Cultural Studies · Historical Economic and Social Studies · Law

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