Hannah Rothschild, a member of the Rothschild dynasty, gave extensive explanations to CNBC in an interview about her family's history, origins, and their role in shaping Europe's financial system. She stressed how the family rose from difficult social conditions to become a structure with international influence in a short period.
The editorial reports that in the interview, it was stated that the founder of the Rothschild family was born in a Jewish quarter called Judengasse in Frankfurt, lived in a cramped and difficult home, and was forbidden to leave the neighborhood at night. Hannah Rothschild noted that the head of the family started a small coin trade to escape these conditions and, as a key strategic step, sent his five sons to various European capitals.
The interview stated that the continuous connection established among these sons laid the foundation for the first international banking system. Although they operated in different countries, they created a unified financial network by cooperating closely through letters and other means.
According to Hannah Rothschild, this unity and cross-border activity led to the family gaining significant influence in a short time. She stated that by the late eighteenth and early nineteenth centuries, the Rothschilds' influence had grown so much that some sources noted governments and monarchs did not make decisions about war without their financial support.