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189-850: From its founding until 1931, the Creditanstalt was led by members of the Rothschild family , who were among its significant shareholders. Its historically consequential failure in 1931 led to a merger engineered by the Austrian government in 1934, in which it combined with the Wiener Bankverein and the sound parts of the Niederösterreichische Escompte-Gesellschaft to form Österreichische Creditanstalt - Wiener Bankverein , later abbreviated to Creditanstalt-Bankverein . The latter came under

378-656: A Provisional People's Government of the Republic of Poland ( Tymczasowy Rząd Ludowy Republiki Polskiej ) in Lublin. On Sunday, 10 November at 7 a.m., Józef Piłsudski , newly freed from 16 months in a German prison in Magdeburg , returned by train to Warsaw. Piłsudski, together with Colonel Kazimierz Sosnkowski , was greeted at Warsaw's railway station by Regent Zdzisław Lubomirski and by Colonel Adam Koc . Next day, due to his popularity and support from most political parties,

567-465: A book entitled Lies about the Rothschilds abandoned it, saying: 'It was relatively easy to spot the lies, but it proved impossible to find out the truth.'" Johnson writes that, unlike the court factors of earlier centuries, who had financed and managed European noble houses, but often lost their wealth through violence or expropriation, the new kind of international bank created by the Rothschilds

756-604: A border with the then- Hungarian governorate of Subcarpathia . In 1938, the Second Republic was the sixth largest country in Europe. According to the 1921 census , the number of inhabitants was 25.7 million. By 1939, just before the outbreak of World War II, this had grown to an estimated 35.1 million. Almost a third of the population came from minority groups : 13.9% Ukrainians ; 10% Ashkenazi Jews ; 3.1% Belarusians ; 2.3% Germans and 3.4% Czechs and Lithuanians . At

945-458: A failed attempt to resolve the Polish question as quickly as possible, Berlin set up the puppet Kingdom of Poland on 14 January 1917, with a governing Provisional Council of State and (from 15 October 1917) a Regency Council ( Rada Regencyjna Królestwa Polskiego ). The Council administered the country under German auspices (see also Mitteleuropa ), pending the election of a king . More than

1134-520: A global banking crisis provided a major propaganda opportunity for Adolf Hitler and the Nazi Party in which they further blamed the Jews for German and international economic and social troubles. In late 1933, Chancellor Engelbert Dollfuß ordered the Creditanstalt's merger with the Wiener Bankverein and the sound parts of the Niederösterreichische Escompte-Gesellschaft , as a consequence of which

1323-558: A graduate of high school received a big matura , which enabled them to seek university-level education. Before 1918, Poland had three universities: Jagiellonian University , the University of Warsaw and Lwów University . The Catholic University of Lublin was established in 1918; Adam Mickiewicz University , Poznań, in 1919; and finally, in 1922, after the annexation of the Republic of Central Lithuania , Wilno University became

1512-629: A hereditary baronet of the United Kingdom. In 1885, Sir Nathan Rothschild, 2nd Baronet , was granted the hereditary peerage title of Baron Rothschild in the Peerage of the United Kingdom . This title is currently held by the 5th Baron Rothschild . The Rothschild banking family of England was founded in 1798 by Nathan Mayer Rothschild (1777–1836), who first settled in Manchester but then moved to London. Nathan Mayer von Rothschild,

1701-402: A major reform which introduced two main levels of education: common school ( szkoła powszechna ), with three levels – 4 grades + 2 grades + 1 grade; and middle school ( szkoła średnia ), with two levels – 4 grades of comprehensive middle school and 2 grades of specified high school (classical, humanistic, natural and mathematical). A graduate of middle school received a small matura , while

1890-659: A month before Germany surrendered on 11 November 1918 and the war ended, the Regency Council had dissolved the Provisional Council of State and announced its intention to restore Polish independence (7 October 1918). With the notable exception of the Marxist -oriented Social Democratic Party of the Kingdom of Poland and Lithuania ( SDKPiL ), most Polish political parties supported this move. On 23 October

2079-482: A property subsidiary named CA Immo . In 1855, the Creditanstalt was temporarily established at Renngasse 1 on Vienna's Freyung square. In 1858, it purchased and demolished a number of houses on am Hof square in central Vienna and replaced them with a new building designed by architect Franz Fröhlich, with allegorical sculptures by Hans Gasser representing Navigation , Railways , Commerce , Industry , Agriculture , and Mining . The building, numbered am Hof 6,

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2268-649: A provisional Italian government. Because of the family's close political connections with Austria and France, Adolphe Carl von Rothschild  [ fr ] was caught in a delicate position. He chose to take temporary sanctuary in Gaeta with the last Neapolitan king, Francis II of the Two Sicilies . However, the Rothschild branches in London, Paris, and Vienna were not prepared nor willing to financially support

2457-665: A representative office in Budapest . The Creditanstalt-Bankverein dedicated a memorial plaque to Antonio Vivaldi in 1978 on the occasion of his 300th birthday at the site of his former tomb at the main building of the TU Wien to the Karlskirche . In 1981, the former Social Democratic Minister of Finance Hannes Androsch assumed the office of a general manager, after he had left the cabinet led by Bruno Kreisky . The bank's investments into industrial interests were reduced, while

2646-594: A series of three Silesian Uprisings . The most critical military conflict of that period, however, the Polish–Soviet War (1919-1921), ended in a decisive Polish victory. The Second Polish Republic was a parliamentary democracy from 1919 (see Small Constitution of 1919 ) to 1926, with the President having limited powers. The Parliament elected him, and he could appoint the Prime Minister as well as

2835-521: A share of 1.6% (solely identifying with a non-Polish ethnic group) or 3.8% (including those identifying with both the Polish ethnicity and with another ethnic group) in 2011. The first spontaneous flight of about 500,000 Poles from the Soviet Union occurred during the reconstitution of sovereign Poland. In the second wave, between November 1919 and June 1924, some 1,200,000 people left the territory of

3024-507: A smaller scale than they were throughout the 19th century, although they encompass a diverse range of fields, including: real estate, financial services, mixed farming, energy, mining, winemaking and nonprofits. Second Polish Republic The Second Polish Republic , at the time officially known as the Republic of Poland , was a country in Central and Eastern Europe that existed between 7 October 1918 and 6 October 1939. The state

3213-526: A sovereign state at the end of the First World War in Europe in 1917–1918. The victorious Allies of the First World War confirmed the rebirth of Poland in the Treaty of Versailles of June 1919. It was one of the great stories of the 1919 Paris Peace Conference . Poland solidified its independence in a series of border wars fought by the newly formed Polish Army from 1918 to 1921. The extent of

3402-560: A third of each of the two banks' capital. Deprived of its international outlook, the Creditanstalt focused on the Austrian market. In 1926, it purchased the Viennese operations of Anglo-Austrian Bank which had become a British bank following recapitalisation by the Bank of England ; since that transaction was structured as an exchange of shares, the Bank of England, through its British subsidiary

3591-519: A twenty-day siege. Open organised Polish resistance ended on 6 October 1939 after the Battle of Kock , with Germany and the Soviet Union occupying most of the country. Lithuania annexed the area of Wilno , and Slovakia seized areas along Poland's southern border – including Górna Orawa and Tatranská Javorina - which Poland had annexed from Czechoslovakia in October 1938. Poland did not surrender to

3780-651: A vaccine against typhus. Bronisław Malinowski counted among the most important anthropologists of the 20th century. In Polish literature , the 1920s were marked by the domination of poetry. Polish poets were divided into two groups – the Skamanderites ( Jan Lechoń , Julian Tuwim , Antoni Słonimski and Jarosław Iwaszkiewicz ) and the Futurists ( Anatol Stern , Bruno Jasieński , Aleksander Wat , Julian Przyboś ). Apart from well-established novelists ( Stefan Żeromski , Władysław Reymont ), new names appeared in

3969-634: A year and only released after a substantial ransom was paid by his family. After Louis was allowed to leave the country in March 1939, the Nazis placed the firm of S M von Rothschild under compulsory administration. Nazi officers and senior staff from Austrian museums also emptied the Rothschild family estates of all their valuables. Following the war, the Austrian Rothschilds were unable to reclaim much of their former assets and properties. Later,

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4158-546: A £5 million (equal to £440 million in 2023) loan to the Prussian government, and the issuing of bonds for government loans formed a mainstay of his bank's business. He gained a position of such power in the City of London that by 1825–26 he was able to supply enough coin to the Bank of England to enable it to avert a market liquidity crisis. Rothschild family banking businesses pioneered international high finance during

4347-604: Is a complicated business, mainly because of the fanatics and extremists – and I am talking about both sides. I think you have fanatics in Israel. ... In general I am not in contact with politicians. I spoke once with Netanyahu . I met once with an Israeli finance minister, but the less I mingle with politicians the better I feel." Due to a dispute with the Israeli tax authorities, the baron refused to visit Israel. But his widow Ariane de Rothschild often visits Israel where she manages

4536-812: Is derived from the family house, Rothschild, built by Isaak Elchanan Bacharach in Frankfurt in 1567. The family rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt , Holy Roman Empire, who established his banking business in the 1760s. Unlike most previous court factors, Rothschild managed to bequeath his wealth and established an international banking family through his five sons, who established businesses in Paris, Frankfurt, London, Vienna, and Naples. The family

4725-581: Is displayed the letter Dorothy de Rothschild wrote to then Prime Minister Shimon Peres expressing her intention to donate a new building for the Supreme Court. The Rothschilds also established the " Yad Hanadiv " philanthropic foundation in 1958. Interviewed by Haaretz in 2010, Baron Benjamin Rothschild , who was a Swiss-based member of the banking family, said that he supported the Israeli–Palestinian peace process : "I understand that it

4914-807: The Société Continentale de Gestion , of which Creditanstalt held of the share capital while its foreign creditors were awarded the other half. Creditanstalt's Yugoslav affiliate, the Ljubljana-based Credit Institute for Commerce and Industry, was acquired by the Ljubljana City Savings Bank, the Savings Bank of the Drava Banovina , and German-Slovenian businessman August Westen. The Creditanstalt's bankruptcy and its impact in producing

5103-552: The 1938 Polish ultimatum to Lithuania ). On top of this, there were natural disasters, such as the 1934 flood in Poland . Interbellum Poland was unofficially divided into two parts – better developed "Poland A" in the west, and underdeveloped "Poland B" in the east. Polish industry was concentrated in the west, mostly in Polish Upper Silesia , and the adjacent Lesser Poland 's province of Zagłębie Dąbrowskie , where

5292-695: The Anglo-Austrian Bank . Albert Salomon Anselm von Rothschild , Anselm Salomon's son, took control of the Creditanstalt in 1872, and was in turn succeeded in 1911 by his son Louis Nathaniel de Rothschild . The Creditanstalt's circumstances were dramatically affected by Austria-Hungary's defeat in the First World War , its subsequent dissolution , and the formation of the First Austrian Republic . In 1919, it had to sell its operations in what had become Czechoslovakia to

5481-599: The Anglo-International Bank , became a significant shareholder of Creditanstalt. In 1929, just at the time of Wall Street Crash and under pressure from the Austrian government led by Johann Schober , Creditanstalt purchased its distressed peer the Allgemeine Bodencreditanstalt , which itself was dragged down by its acquisition of Austria's Unionbank two years earlier. Burdened by the troubled legacy of its recent acquisitions,

5670-478: The Austrian nobility by Emperor Francis I of Austria , and they were all granted the Austrian hereditary title of Freiherr ( baron ) on 29 September 1822. The British branch of the family was elevated by Queen Victoria , who granted the hereditary title of baronet (1847) and later the hereditary peerage title of Baron Rothschild (1885). The Rothschilds already possessed a significant fortune before

5859-404: The Austrian nobility by Emperor Francis I of Austria . The remaining son, Nathan , was elevated in 1818. All of them were granted the Austrian hereditary title of Freiherr ( baron ) on 29 September 1822. As a result, some members of the family used the nobiliary particle de or von before their surname to acknowledge the grant of nobility. In 1847, Anthony de Rothschild was made

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6048-679: The British South Africa Company . Leopold de Rothschild (1845–1917) administered Rhodes's estate after his death in 1902 and helped to set up the Rhodes Scholarship scheme at the University of Oxford . In 1873, de Rothschild Frères in France and N M Rothschild & Sons of London joined with other investors to acquire the Spanish government's money-losing Rio Tinto copper mines. The new owners restructured

6237-687: The Caesarea Foundation . She says: "It is insulting that the state [Israel] casts doubt on us. If there is a family that does not have to prove its commitment to Israel, it's ours." Primarily due to the generosity and influence of Baron Edmond James de Rothschild, HaNadiv (the Benefactor), on the history of the Land of Israel and the State of Israel, a tradition exists of naming cities, towns and other settlements in Israel in honor of members of

6426-742: The Deutsche Bank , and the Reichsbank , which held respectively 51 percent, 25 percent, and 12 percent of its capital. In 1939, its name was abbreviated to Creditanstalt-Bankverein; the fiction of independence was maintained for propaganda purposes, but in practice the bank was run as a fully integrated operation of Deutsche Bank. Following the annexation of the Sudetenland , the bank opened branches in Lundenburg ( Břeclav ), Nikolsburg ( Mikulov ) and Znaim ( Znojmo ), then in 1939 took over

6615-538: The German Empire , being much more developed and prosperous. Frequent border closures and a customs war with Germany also had negative economic impacts on Poland. In 1924, Prime Minister Władysław Grabski , who was also the Economic Minister, introduced the złoty as a single common currency for Poland (replacing the marka), which remained a stable currency. The currency helped Poland to control

6804-652: The Holocaust , some of them moving to the United States, and returning to Europe only after the war. In 1999, the government of Austria agreed to return to the Rothschild family some 250 art treasures looted by the Nazis and absorbed into state museums after the war. The C M de Rothschild & Figli bank arranged substantial loans to the Papal States and to various Kings of Naples plus the Duchy of Parma and

6993-568: The Imperial Russian rouble , the Austrian krone , the Polish marka and the Ostrubel ) and with little or no direct infrastructural links. The situation was so bad that neighbouring industrial centres, as well as major cities, lacked direct railway links because they had been parts of different jurisdictions and different empires. For example, there was no direct railway connection between Warsaw and Kraków until 1934. This situation

7182-560: The Länderbank and the Viennese Zentralsparkasse , were associated with the political left. In 2001, Bank Austria in turn was acquired by Germany's HypoVereinsbank (HVB), which merged it with Creditanstalt in 2002 to create Bank Austria Creditanstalt (BA-CA). In 2005, HVB was taken over by Italy's UniCredit . After 153 years, the Creditanstalt brand name was finally phased out in 2008, even though it survived in

7371-532: The Nazis and flee the country. Their Rothschild palaces , a collection of vast palaces in Vienna built and owned by the family, were confiscated, plundered and destroyed by the Nazis. The palaces were famous for their sheer size and for their huge collections of paintings, armour , tapestries and statues (some of which were restored to the Rothschilds by the Austrian government in 1999). All family members escaped

7560-646: The Parc Edmond de Rothschild (Edmond de Rothschild Park), is also named after its founder. The Rothschilds also played a significant part in the funding of Israel's governmental infrastructure. James A. de Rothschild financed the Knesset building as a gift to the State of Israel and the Supreme Court of Israel building was donated to Israel by Dorothy de Rothschild . Outside the President's Chamber

7749-747: The Polish People's Republic and the Third Polish Republic , the historical state is referred to as the Second Polish Republic . In the Polish language, the country is traditionally referred to as II Rzeczpospolita ( Druga Rzeczpospolita ), which means the Second Republic . After more than a century of partitions between the Austrian , the Prussian , and the Russian imperial powers, Poland re-emerged as

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7938-405: The Republic ; however, republika is a general term, while Rzeczpospolita traditionally refers exclusively to Polish states. Additionally, between 8 November 1918 and 16 August 1919, the Journal of Laws of the State of Poland referred to the country as the State of Poland ( Polish : Państwo Polskie ). Following the end of the Second World War , and the establishment of the later states of

8127-446: The Rothschild houses in Vienna, Frankfurt and Paris, 50 percent by prominent aristocrats (Max Egon zu Fürstenberg , Johann Adolf II. zu Schwarzenberg  [ de ] , Vincenz Karl von Auersperg  [ cs ] , Otto Ferdinand von Chotek , Louis Haber von Linsberg  [ de ] ), and 10 percent by the private Prague banking house of Leopold von Lämel  [ de ] . The Creditanstalt immediately became

8316-423: The Russo-Japanese War . The London consortium's issue of Japanese war bonds would total £11.5 million (at 1907 currency rates; £1.11 billion in 2012 currency terms). The name of Rothschild became synonymous with extravagance and great wealth; and the family was renowned for its art collecting, for its palaces, as well as for its philanthropy. By the end of the century, the family owned, or had built, at

8505-406: The Second World War in September 1939 ended the sovereign Second Polish Republic. The German invasion of Poland began on 1 September 1939, one week after Nazi Germany and the Soviet Union signed the secret Molotov–Ribbentrop Pact . On that day, Germany and Slovakia attacked Poland, and on 17 September the Soviets attacked eastern Poland . Warsaw fell to the Nazis on 28 September after

8694-426: The Soviet Union (0.8%) was virtually nonexistent. Czechoslovakia accounted for 3.9%, Latvia for 0.3%, and Romania for 0.8%. By mid-1938, after the Anschluss with Austria , Greater Germany was responsible for as much as 23% of Polish foreign trade. Piłsudski's regime followed the conservative free-market economic tradition of the Polish–Lithuanian Commonwealth throughout its existence. Poland had one of

8883-418: The fall of France during the Second World War led to the seizure of the property of the French Rothschilds under German occupation. Despite having their bank restored to them at the end of the war, the French Rothschilds were powerless in 1982 as the family business was nationalised by the socialist government of newly elected President François Mitterrand . In addition, The New York Times wrote that

9072-402: The 1939 Statistical Yearbook of Poland , the total length of the railways in Poland (as of 31 December 1937) was 20,118 km (12,501 mi). Rail density was 5.2 km (3.2 mi) per 100 km (39 sq mi). Railways were very dense in the western part of the country, while in the east, especially Polesie , rail was non-existent in some counties. During the interbellum period,

9261-429: The Austrian government sold its majority ownership stake in Creditanstalt to Bank Austria (BA), triggering a crisis in the ruling coalition between the Social Democratic Party and the Austrian People's Party - since the Creditanstalt was considered to be part of the Austrian People's Party 's sphere of influence under the country's distinctive Proporz arrangement, whereas both of Bank Austria's predecessor entities,

9450-435: The Austrian government, 12 percent by the Oesterreichische Nationalbank , 16 percent by the bank employees' pension fund, and 7 percent by the bank itself through its subsidiary österreichische Realitäten AG . On 26 March 1938 it was coerced to enter a "friendship agreement" with Deutsche Bank , by which the latter secured a presence in its board of directors. Louis de Rothschild was immediately arrested and imprisoned for

9639-407: The British and French financial firms merged under the leadership of David René de Rothschild . There are two branches of the family connected to France. The first was the branch of James Mayer de Rothschild (1792–1868), known as "James", who established de Rothschild Frères in Paris; he married his niece Betty von Rothschild . Following the Napoleonic Wars, he played a major role in financing

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9828-408: The British branch, plus Bank Rothschild AG, the Swiss branch, set up a representative banking office in Frankfurt. By the start of the 20th century, the introduction of national taxation systems had ended the Rothschilds' policy of operating with a single set of commercial account records, which resulted in the various branches gradually going their own separate ways as independent banks. The system of

10017-425: The Creditanstalt declared on 11 May 1931 that it was unable to publish its financial statements for 1930, immediately triggering panic. At that time, it represented 27 percent of the Austrian banking sector's total assets, a sum equivalent to 16 percent of the country's GDP, so that there was no option to have it absorbed by another larger banks as had been done with Unionbank in 1927 and Bodencreditanstalt in 1929. This

10206-435: The Creditanstalt erected a monumental branch building in Trieste , on what later became Piazza della Repubblica . Rothschild family The Rothschild family ( / ˈ r ɒ θ ( s ) tʃ aɪ l d / ROTH(S) -chylde German: [ˈʁoːt.ʃɪlt] ) is a wealthy Ashkenazi Jewish noble banking family originally from Frankfurt . The family's documented history starts in 16th century Frankfurt; its name

10395-424: The Creditanstalt had its head office expanded northwestward across Tiefer Graben street, on a land plot bordering the Freyung that it had purchased in 1914 from Niederösterreichische Escompte-Gesellschaft , which itself was moving from there to its new headquarters on am Hof 2. The opulent neoclassical extension, linked to the former seat by a bridge over Tiefer Graben, became the bank's main headquarters. It

10584-411: The Grand Duchy of Tuscany. However, in the 1830s, Naples followed Spain with a gradual shift away from conventional bond issues that began to affect the bank's growth and profitability. The Unification of Italy in 1861, with the ensuing decline of the Italian aristocracy who had been the Rothschilds' primary clients, eventually brought about the closure of their Naples bank, due to a forecasted decline in

10773-507: The Jews from all spheres of social, economic, and cultural life in Poland". The government in response organised the Camp of National Unity (OZON), which in 1938 took control of the Polish Sejm and subsequently drafted anti-Semitic legislation similar to the Anti-Jewish laws in Germany, Hungary, and Romania. OZON advocated mass emigration of Jews from Poland, numerus clausus (see also Ghetto benches ), and other limitations on Jewish rights. According to William W. Hagen , by 1939, prior to

10962-411: The National Council of the Principality of Cieszyn (established in November 1918), the Republic of Zakopane and the Polish Liquidation Committee (28 October). Soon afterward, the Polish–Ukrainian War broke out in Lwów (1 November 1918) between forces of the Military Committee of Ukrainians and the Polish irregular units made up of students known as the Lwów Eaglets , who were later supported by

11151-411: The Paris Rothschild family remained involved in the family business, becoming a major force in international investment banking. The Paris Rothschilds have since led the Thomson Financial League Tables in Investment Banking Merger and Acquisition deals in the UK, France and Italy. James Mayer de Rothschild 's other son, Edmond James de Rothschild (1845–1934), was very much engaged in philanthropy and

11340-487: The People's Assemblies of Western Ukraine and Western Belarus (22 October 1939), annexed eastern Poland partly to the Byelorussian Soviet Socialist Republic , and partly to the Ukrainian Soviet Socialist Republic (November 1939). Polish war plans ( Plan West and Plan East ) failed as soon as Germany invaded in 1939. The Polish losses in combat against Germans (killed and missing in action) amounted to ca. 70,000 men. Some 420,000 of them were taken prisoners. Losses against

11529-404: The Polish 18th Lancer Regiment near Chojnice. This arose from misreporting of a single clash on 1 September 1939 near Krojanty , when two squadrons of the Polish 18th Lancers armed with sabers surprised and wiped out a German infantry formation with a mounted saber charge. Shortly after midnight the 2nd (Motorized) Division was compelled to withdraw by Polish cavalry, before the Poles were caught in

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11718-472: The Polish Army (see Battle of Lwów (1918) , Battle of Przemyśl (1918) ). Meanwhile, in western Poland, another war of national liberation began under the banner of the Greater Poland uprising (1918–1919) . In January 1919, Czechoslovak forces attacked Polish units in the area of Trans-Olza (see Polish–Czechoslovak War ). Soon afterwards, the Polish–Lithuanian War (ca 1919–1920) began, and, in August 1919, Polish-speaking residents of Upper Silesia initiated

11907-408: The Polish Government constructed several new lines, mainly in the central part of the country (see also Polish State Railroads Summer 1939 ). Construction of the extensive Warszawa Główna railway station was never finished due to the war, while Polish railways were famous for their punctuality (see Luxtorpeda , Strzała Bałtyku , Latający Wilnianin ). In the interbellum, the road network of Poland

12096-457: The Polish Parliament created the State Road Fund, the purpose of which was to collect money for the construction and conservation of roads. The government drafted a 10-year plan, with road priorities: a highway from Wilno, through Warsaw and Kraków, to Zakopane (called Marshal Piłsudski Highway), asphalt highways from Warsaw to Poznań and Łódź, as well as a Warsaw ring road. However, the plan turned out to be too ambitious, with insufficient money in

12285-424: The Polish economy by the German and Russian occupying powers, and the sabotage performed by retreating armies, the new republic was faced with the task of economically unifying disparate economic regions, which had previously been part of different countries and different empires. Within the borders of the Republic were the remnants of three different economic systems, with five different currencies (the German mark ,

12474-411: The Polish–Soviet War, Marshal Piłsudski led an intentionally modest life, writing historical books for a living. After he took power through a military coup in May 1926, he emphasised that he wanted to heal Polish society and politics of excessive partisan politics. His regime, accordingly, was called Sanacja in Polish. The 1928 parliamentary elections were still considered free and fair, although

12663-439: The Prague-based Böhmische Escompte-Bank . In 1920, its branch in Ljubljana was reorganized as a fully-fledged Yugoslav bank, the Credit Institute for Commerce and Industry ( Slovene : Kreditni zavod za trgovino in industrijo . It also sold its branches in the newly formed Poland to Akcyjny Bank Hipoteczny we Lwowie  [ pl ] and Bank Dyskontowy Warszawski in an all-shares transaction, following which it held

12852-418: The Red Army (which invaded Poland on 17 September) added up to 6,000 to 7,000 of casualties and MIA, 250,000 were taken prisoners. Although the Polish Army – considering the inactivity of the Allies – was in an unfavourable position – it managed to inflict serious losses to the enemies: 20,000 German soldiers were killed or MIA, 674 tanks and 319 armored vehicles destroyed or badly damaged, 230 aircraft shot down;

13041-464: The Red Army lost (killed and MIA) about 2,500 soldiers, 150 combat vehicles and 20 aircraft. The Soviet invasion of Poland, and lack of promised aid from the Western Allies, contributed to the Polish forces defeat by 6 October 1939. A popular myth is that Polish cavalry armed with lances charged German tanks during the September 1939 campaign. This often repeated account, first reported by Italian journalists as German propaganda , concerned an action by

13230-580: The Regency Council appointed Piłsudski as Commander in Chief of the Polish Armed Forces. On 14 November, the Council dissolved itself and transferred all its authority to Piłsudski as Chief of State ( Naczelnik Państwa ). After consultation with Piłsudski, Daszyński's government dissolved itself and a new government formed under Jędrzej Moraczewski . In 1918, the Kingdom of Italy became the first country in Europe to recognise Poland's renewed sovereignty. Centres of government that formed at that time in Galicia (formerly Austrian-ruled southern Poland) included

13419-437: The Regency Council appointed a new government under Józef Świeżyński and began conscription into the Polish Army . In 1918–1919, over 100 workers' councils sprang up on Polish territories; on 5 November 1918, in Lublin , the first Soviet of Delegates was established. On 6 November socialists proclaimed the Republic of Tarnobrzeg at Tarnobrzeg in Austrian Galicia . The same day the Socialist, Ignacy Daszyński , set up

13608-592: The Republic's sixth university. There were also three technical colleges : the Warsaw University of Technology , Lwów Polytechnic and the AGH University of Science and Technology in Kraków, established in 1919. Warsaw University of Life Sciences was an agricultural institute. By 1939, there were around 50,000 students enrolled in further education. 28% of students at universities were women, which

13797-492: The Rothschild family. Six of these places are grouped in the same vicinity, on the Sharon plain , while the others are scattered throughout the country. They are, listed in order of founding: Since the late 19th century, the family has taken a low-key public profile, donating many famous estates, as well as vast quantities of art, to charity, and generally eschewing conspicuous displays of wealth. Today, Rothschild businesses are on

13986-536: The Rothschilds "grossly misjudged the opportunities directly across the Atlantic" and quoted Evelyn de Rothschild as saying that despite the accomplishments made by the various branches of the family in international high finance for over 200 years, "we never seized the initiative in America and that was one of the mistakes my family made." In 1816, four of the five sons of Mayer Amschel Rothschild were elevated to

14175-537: The Rothschilds of having several brothers of a firm establish branches in the different financial centres was followed by other Jewish financiers, like the Bischoffsheims , Pereires , Seligmans , Lazards and others, and these financiers by their integrity and financial skill obtained credit not alone with their Jewish confrères, but with the banking fraternity in general. By this means, Jewish financiers obtained an increasing share of international finance during

14364-485: The Rothschilds provided £9.8 million (equivalent to about £850 million in 2023) in subsidy loans to Britain's continental allies. The brothers helped coordinate Rothschild activities across the continent, and the family developed a network of agents, shippers and couriers to transport gold across war-torn Europe. The family network was also to provide Nathan Rothschild time and again with political and financial information ahead of his peers, giving him an advantage in

14553-645: The Second Polish Republic in its final years is frequently referred to as Piłsudski's colonels . Interwar Poland had a large army of 270,000 soldiers on active duty: in 37 infantry divisions, 11 cavalry brigades, and two armored brigades, plus artillery units. Another 700,000 men served in the reserves. At the outbreak of the war, the Polish Army was able to put in the field almost one million soldiers, 4,300 guns, around 1,000 armored vehicles including in between 200 and 300 tanks (the majority of

14742-452: The USSR for Poland. It is estimated that some 460,000 of them spoke Polish as the first language. According to the 1931 Polish Census : 69% of the population was Polish, 14% were Ukrainian, around 10% Jewish, 3% Belarusian, 2% German and 3% other, including Lithuanian, Czech, Armenian, Russian, and Romani. The situation of minorities was a complex subject and changed during the period. Poland

14931-603: The Ukrainian state were suppressed and any existent violence or terrorism initiated by the Organization of Ukrainian Nationalists was emphasised to create the image of a "brutal Eastern savage". The Second Polish Republic was mainly flat with an average elevation of 233 m (764 ft) above sea level , except for the southernmost Carpathian Mountains (after the Second World War and its border changes,

15120-474: The armored vehicles were outclassed tankettes ) and 745 aircraft (however, only around 450 of them were bombers and fighters available to fight as of 1 September 1939). The training of the Polish Army was thorough. The non-commissioned officers were a competent body of men with expert knowledge and high ideals. The officers, both senior and junior, constantly refreshed their training in the field and in

15309-589: The art forum has remained on the southeastern side. In 1934, the Creditanstalt-Bankverein established its head office in the former seat of Wiener Bankverein at Schottentor. It remained there through the multiple mergers and restructurings until the late 2000s. In 1894–1896, the Creditanstalt erected a new building for its branch in Prague , designed by architect Emil von Förster  [ de ] with sculptures by Antonín Popp . In 1907-1909

15498-638: The arts, and he was a leading proponent of Zionism . His grandson, Baron Edmond Adolphe de Rothschild , founded in 1953 the LCF Rothschild Group , a private bank. Since 1997, Baron Benjamin de Rothschild chairs the group. The group has €100bn of assets in 2008 and owns many wine properties in France ( Château Clarke , Château des Laurets ), in Australia, or in South Africa. In 1961, the 35-year-old Edmond Adolphe de Rothschild purchased

15687-539: The average elevation of Poland decreased to 173 m (568 ft)). Only 13% of territory, along the southern border, was higher than 300 m (980 ft). The highest elevation in the country was Mount Rysy , which rises 2,499 m (8,199 ft) in the Tatra Range of the Carpathians, approximately 95 km (59 mi) south of Kraków . Between October 1938 and September 1939, the highest elevation

15876-647: The bank became majority-owned by the government, while foreigners still held about 42 percent of the share capital. The merged entity took the name Österreichische Creditanstalt - Wiener Bankverein . By early 1938, the bank had branches in Bregenz , Feldkirch , Graz , Innsbruck , Klagenfurt , Leoben , Linz , Salzburg , Sankt Pölten , Villach , and Wiener Neustadt ; controlling interests in Bank für Oberösterreich und Salzburg , Bank für Kärnten  [ de ] , Bank für Tirol und Vorarlberg , and Steiermärkische-Escompte-Bank ; and minority stakes abroad in

16065-513: The bank was able to supply enough coin to the Bank of England to enable it to avert a liquidity crisis. Nathan Mayer's eldest son, Lionel de Rothschild (1808–1879), succeeded him as head of the London branch. Under Lionel, the bank financed the British government's 1875 purchase of Egypt 's interest in the Suez Canal . The Rothschild bank also funded Cecil Rhodes in the development of

16254-404: The biggest supporters of Second Republic leader Józef Piłsudski , even after he returned to politics and staged a coup in 1926 , after his death in 1935 Pilsudskites ruling the Republic began to openly discriminate against its Jewish (and, to a lesser extent, its Ukrainian) citizens, restricting Jewish entry into professions and placing limitations on Jewish businesses. The official name of

16443-542: The bonds on the crest of a short bounce in the market in 1817 for a 40% profit. Given the sheer power of leverage the Rothschild family had at their disposal, this profit was an enormous sum. Nathan Mayer Rothschild started his business in Manchester in 1806 and gradually moved it to London, where in 1809 he acquired the location at 2 New Court in St. Swithin's Lane, City of London , where it operates today; he established N M Rothschild & Sons in 1811. In 1818, he arranged

16632-708: The bulk of coal mines and steel plants was located. Furthermore, heavy industry plants were located in Częstochowa ( Huta Częstochowa , founded in 1896), Ostrowiec Świętokrzyski ( Huta Ostrowiec , founded in 1837–1839), Stalowa Wola (brand new industrial city, which was built from scratch in 1937 – 1938), Chrzanów ( Fablok , founded in 1919), Jaworzno , Trzebinia (oil refinery, opened in 1895), Łódź (the seat of Polish textile industry), Poznań ( H. Cegielski – Poznań ), Kraków and Warsaw ( Ursus Factory ). Further east, in Kresy , industrial centres included two major cities of

16821-654: The characteristic features of the Polish economy in the interbellum was the gradual nationalisation of major plants. This was the case for the Ursus Factory (see Państwowe Zakłady Inżynieryjne ) and several steelworks, such as Huta Pokój in Ruda Śląska – Nowy Bytom, Huta Królewska in Chorzów – Królewska Huta, Huta Laura in Siemianowice Śląskie , as well as Scheibler and Grohman Works in Łódź. According to

17010-514: The close involvement of the Rothschilds in the occasion. Major 19th-century businesses founded with Rothschild family capital include: The family funded Cecil Rhodes in the creation of the African colony of Rhodesia . From the late 1880s onwards, the family took over control of the Rio Tinto mining company. The Japanese government approached the London and Paris families for funding during

17199-474: The company Club Med , after he had visited a resort and enjoyed his stay. His interest in Club Med was sold off by the 1990s. In 1973, he bought out the Bank of California , selling his interests in 1984 before it was sold to Mitsubishi Bank in 1985. The second French branch was founded by Nathaniel de Rothschild (1812–1870). Born in London, he was the fourth child of the founder of the British branch of

17388-720: The company and turned it into a profitable business. By 1905, the Rothschild interest in Rio Tinto amounted to more than 30 percent. In 1887, the French and British Rothschild banking houses loaned money to, and invested in, the De Beers diamond mines in South Africa, becoming its largest shareholders. The London banking house continued under the management of Lionel Nathan de Rothschild (1882–1942) and his brother Anthony Gustav de Rothschild (1887–1961), and then to Sir Evelyn de Rothschild (1931–2022). In 2003, following Sir Evelyn's retirement as head of N M Rothschild & Sons of London,

17577-423: The construction of railways and the mining business that helped make France an industrial power. By 1980, the Paris business employed about 2,000 people and had an annual turnover of 26 billion francs (€4.13 billion or $ 5 billion in the currency rates of 1980). — Wilhelm I , Emperor of Germany, on visiting Château de Ferrières . However, the Paris business suffered a near death blow in 1982, when

17766-524: The control of Deutsche Bank following the Anschluss in 1938, was nationalized in 1945, and was eventually acquired in 1997 by Bank Austria to form Bank Austria-Creditanstalt , since 2005 a subsidiary of UniCredit . UniCredit phased out the Creditanstalt brand in 2008. The Creditanstalt was founded in 1855 by Salomon Mayer von Rothschild and his son Anselm Salomon von Rothschild , with support from Austrian finance minister Karl Ludwig von Bruck and

17955-584: The counties inhabited by the Hutsul minority, that there was permanent starvation. Farmers rebelled against the government (see: 1937 peasant strike in Poland ), and the situation began to change in the late 1930s, due to the construction of several factories for the Central Industrial Region , which gave employment to thousands of rural and small town residents. Beginning in June 1925, there

18144-599: The creation of a network of agents, couriers and shippers, the bank was able to provide funds to the armies of the Duke of Wellington in Portugal and Spain, therefore funding the war. The providing of other innovative and complex financing for government projects formed a mainstay of the bank's business for the better part of the century. N M Rothschild & Sons' financial strength in the City of London became such that, by 1825–26,

18333-538: The deposed king. With the ensuing unification of Italy , and the mounting tension between Adolph and the rest of the family, the Naples house closed in 1863 after forty-two years in business. In 1901, the German branch closed its doors after more than a century in business following the death of Wilhelm Rothschild with no male heirs. It was not until 1989 that the family returned to Germany, when N M Rothschild & Sons,

18522-799: The east (located in the Dzisna county of the Wilno Voivodeship ); and Mukocinek near Warta River and Meszyn Lake to the west (located in the Międzychód county of the Poznań Voivodeship ). Almost 75% of the territory of interbellum Poland was drained northward into the Baltic Sea by the Vistula (total area of drainage basin of the Vistula within boundaries of the Second Polish Republic

18711-649: The eastern half of the interwar territory of Poland was settled diplomatically in 1922 and internationally recognised by the League of Nations . Over the course of the First World War (1914-1918), the German Empire gradually dominated the Eastern Front as the Imperial Russian Army fell back. German and Austro-Hungarian armies seized the Russian-ruled part of what became Poland . In

18900-489: The eleventh one planned to be opened in the autumn of 1939. Furthermore, in 1935, Polish engineers began working on TV services. By early 1939, experts of the Polish Radio built four TV sets. The first movie broadcast by experimental Polish TV was Barbara Radziwiłłówna , and by 1940, a regular TV service was scheduled to begin operation. Interbellum Poland was also a country with numerous social problems. Unemployment

19089-583: The enrollment of Jews into universities. The political movement National Democracy ( Endecja , from the abbreviation "ND") often organised anti-Jewish business boycotts. Following the death of Marshal Józef Piłsudski in 1935, the Endecja intensified their efforts, which triggered violence in extreme cases in smaller towns across the country. In 1937, the National Democracy movement passed resolutions that "its main aim and duty must be to remove

19278-407: The family's rural architecture exist across northwestern Europe. The Rothschild family has frequently been the subject of conspiracy theories , many of which have antisemitic origins. The first member of the family who was known to use the name "Rothschild" was Isaak Elchanan Rothschild, born in 1577. The name is derived from the German zum rothen Schild (with the old spelling "th"), meaning "at

19467-553: The family, Nathan Mayer Rothschild (1777–1836). In 1850 Nathaniel Rothschild moved to Paris to work with his uncle James Mayer Rothschild. In 1853 Nathaniel acquired Château Brane Mouton, a vineyard in Pauillac in the Gironde département . Nathaniel Rothschild renamed the estate Château Mouton Rothschild , and it would become one of the best known labels in the world. In 1868, Nathaniel's uncle, James Mayer de Rothschild, acquired

19656-556: The financial involvement of notable figures of the Austrian and Bohemian high nobility. It was inspired by the Pereire brothers ' Paris-based Crédit Mobilier (est. 1852), and represented a defensive move against the Pereires' aggressive expansion into Europe in competition with the long-established Rothschilds. The application presented to the Austrian imperial ministry guaranteed the initial capital subscription, with 40 percent taken by

19845-402: The five brothers and their successor sons all but disappeared by World War I . The rise of Nazi Germany in the 1930s led to a precarious situation for the Austrian Rothschilds under the annexation of Austria in 1938 when the family was pressured to sell its banking operation at a fraction of its real worth. While other Rothschilds had escaped the Nazis, Louis Rothschild was imprisoned for

20034-489: The five dynasties established by the five sons of Mayer Rothschild, in a reference to Psalm 127: "Like arrows in the hands of a warrior, so are the children of one's youth." The family motto appears below the shield: Concordia, Integritas, Industria (Unity, Integrity, Industry). Paul Johnson writes "[T]he Rothschilds are elusive. There is no book about them that is both revealing and accurate. Libraries of nonsense have been written about them... A woman who planned to write

20223-563: The former Russian Partition and the Austrian Partition of eastern Poland. In 1921, one-third of citizens of Poland remained illiterate (38% in the countryside). The process was slow, but by 1931 the illiteracy level had dropped to 23% overall (27% in the countryside) and further down to 18% in 1937. By 1939, over 90% of children attended school. In 1932, Janusz Jędrzejewicz , the Minister for Religion and Education, carried out

20412-736: The former Wiener Bankverein affiliates in Poland and Yugoslavia as well as the Banque Franco-Belge et Balkanique in Bulgaria , plus a board representation in the Hungarian General Credit Bank . Following the Austrian Anschluss to Nazi Germany in 1938, the bank was immediately targeted for both financial and racial reasons. By that time, around 36 percent of its capital was held directly by

20601-772: The former operations of Böhmische Union Bank in the newly formed Slovak Republic . Its Lviv-based affiliate the Akcyjny Bank Hipoteczny was nationalized following the Soviet invasion of Poland in September 1939, and later liquidated. In April 1942, Deutsche Bank raised its ownership to 51 percent by acquiring a block of shares from VIAG. During wartime, the Creditanstalt-Bankverein expanded its operations into Nazi-occupied Czechoslovakia, Poland, Yugoslavia, and in Nazi-allied Bulgaria. These included

20790-717: The formerly Bankverein-controlled Allgemeiner Jugoslawischer Bankverein (Belgrade and Zagreb) and Allgemeiner Bankverein in Polen (Warsaw), a minority interest in the Moravian Bank ( Czech : Moravská banka ) in Brno , and 30-percent stakes in the Böhmische Union Bank (Prague), Deutsch-Bulgarische Kreditbank (Sofia), and Banca Comercială Română (Bucharest). Even though Josef Joham  [ de ] , its former head and still board member during

20979-630: The government with the Sejm ' s (lower house's) approval, but he could only dissolve the Sejm with the Senate 's consent. Moreover, his power to pass decrees was limited by the requirement that the Prime Minister and the appropriate other Minister had to verify his decrees with their signatures. Poland was one of the first countries in the world to recognise women's suffrage . Women in Poland were granted

21168-586: The government's ownership share fell to 51%. In the 1980s, the Creditanstalt opened branches in London , New York and Hong Kong . From 1989 onwards, its international orientation towards East-Central Europe was boosted by the fall of the Iron Curtain . In 1997, Geoffrey Hoguet ceased to work for the investment bank, the last member of the Rothschild family employed in banking in Austria by then. In 1997,

21357-556: The head of the house, is the true king of Judah, the prince of the captivity, the Messiah so long looked for by this extraordinary people. He holds the keys of peace or war, blessing or cursing. ... They are the brokers and counselors of the kings of Europe and of the republican chiefs of America. What more can they desire? The Neapolitan Rothschilds was the first branch of the family to decline when revolution broke out and Giuseppe Garibaldi captured Naples on 7 September 1860 and set up

21546-483: The industrialisation of Europe and were instrumental in supporting railway systems across the world and in complex government financing for projects such as the Suez Canal . From 1895 through 1907 they loaned nearly $ 450,000,000 (equivalent to $ 14,700,000,000 in 2023 ) to European governments. During the 19th century, the family bought up a large proportion of the property in Mayfair , London. The Rothschild family

21735-413: The interbellum – Zofia Nałkowska , Maria Dąbrowska , Jarosław Iwaszkiewicz , Jan Parandowski , Bruno Schultz , Stanisław Ignacy Witkiewicz , Witold Gombrowicz . Among other notable artists there were sculptor Xawery Dunikowski , painters Julian Fałat , Wojciech Kossak and Jacek Malczewski , composers Karol Szymanowski , Feliks Nowowiejski , and Artur Rubinstein , singer Jan Kiepura . Theatre

21924-628: The invaders, but continued fighting under the auspices of the Polish government-in-exile and of the Polish Underground State . After the signing of the German–Soviet Treaty of Friendship, Cooperation and Demarcation on 28 September 1939, Polish areas occupied by Nazi Germany either became directly incorporated into Nazi Germany, or became part of the General Government . The Soviet Union, following Elections to

22113-451: The knowledge would have given him; he and his courier immediately took the news to the government. That he used the news for financial advantage was a fiction then repeated in later popular accounts, such as that of Morton . The basis for the Rothschilds' most famously profitable move was made after the news of British victory had been made public. Nathan Rothschild calculated that the future reduction in government borrowing brought about by

22302-561: The late 19th century, however, almost all Rothschilds had started to marry outside the family, usually into the aristocracy or other financial dynasties. His sons were: The German family name "Rothschild" is pronounced [ˈʁoːt.ʃɪlt] in German, unlike / ˈ r ɒ θ ( s ) tʃ aɪ l d / in English. The surname "Rothschild" is rare in Germany. Families by country: The five sons of Mayer Amschel Rothschild were elevated to

22491-654: The leading bank in the Habsburg Monarchy . It opened its first branch in Prague in 1856. By 1867, it had established further branches in Pest , Brno , Brașov , Lviv , and Trieste , and on that year it sponsored a Hungarian affiliate, the Hungarian General Credit Bank , into which it subsequently merged its prior Pest branch. In 1869 it co-founded the Austro-Ägyptische Bank in Cairo , together with

22680-475: The lecture hall, where modern technical achievement and the lessons of contemporary wars were demonstrated and discussed. The equipment of the Polish Army was less developed technically than that of Nazi Germany and its rearmament was slowed by confidence in Western European military support and by budget difficulties. The Polish command system at the level of the entire Polish military and the armies

22869-430: The losses suffered by the Austrian state when the bank had collapsed. Deprived of his position and property, he was released upon payment of $ 21,000,000, believed to have been the largest bail bond in history for any individual, and migrated to the U.S. in 1939 after more than one year in custody. Later in 1938, the bank was jointly taken over, without compensation, by German government holding VIAG  [ de ] ,

23058-561: The lowest estimates, 41 palaces, of a scale and luxury perhaps unparalleled even by the richest royal families. The British Chancellor of the Exchequer David Lloyd George claimed, in 1909, that Nathan, Lord Rothschild was the most powerful man in Britain. Niles' Weekly Register , Volume 49 had the following to say about the Rothschilds' influence on international high finance in 1836: The Rothschilds are

23247-638: The lowest taxation rates in Europe, with 9.3% of taxes as a distribution of national income. Piłsudski's regime was also heavily dependent on foreign investments and economies, with 45.4% of Polish equity capital controlled by foreign corporations. After the Great Depression , the Polish economy crumbled and failed to recover until Ignacy Mościcki 's government introduced economic reforms with more government interventions with an increase in tax revenues and public spending after Piłsudski's death. These interventionist policies saw Poland's economy recover from

23436-436: The majority of citizens lived in the countryside (75% in 1921). Farmers made up 65% of the population. In 1929, agricultural production made up 65% of Poland's GNP. After 123 years of partitions, regions of the country were very unevenly developed. The lands of the former German Empire were the most advanced; in Greater Poland , Upper Silesia and Pomerelia , farming and crops were on a Western European level. The situation

23625-442: The management of the family bank and was the most active in support for Eretz Israel . The Rothschild family archives show that during the 1870s the family contributed nearly 500,000 francs per year on behalf of Eastern Jewry to the Alliance Israélite Universelle . Baron Edmond James de Rothschild (known in Israel simply as "the Baron Rothschild" or "the Benefactor" (Hebrew: "HaNadiv")), youngest son of James Jacob de Rothschild,

23814-401: The markets and rendering the house of Rothschild still more invaluable to the British government. In one instance, the family network enabled Nathan to receive in London the news of Wellington's victory at the Battle of Waterloo a full day ahead of the government's official messengers. Rothschild's first concern on this occasion was not to the potential financial advantage on the market which

24003-508: The massive hyperinflation . It was the only country in Europe able to do this without foreign loans or aid. The average annual growth rate ( GDP per capita ) was 5.24% in 1920–29 and 0.34% in 1929–38. Hostile relations with neighbours were a major problem for the economy of interbellum Poland. In the year 1937, foreign trade with all neighbours amounted to only 21% of Poland's total. Trade with Germany, Poland's most important neighbour, accounted for 14.3% of Polish exchange. Foreign trade with

24192-456: The mid-1930s, Poland had 340,000 km (211,266 mi) of roads, but only 58,000 had a hard surface (gravel, cobblestone or sett ), and 2,500 were modern, with an asphalt or concrete surface. In different parts of the country, there were sections of paved roads, which suddenly ended, and were followed by dirt roads. The poor condition of the roads was the result of both long-lasting foreign dominance and inadequate funding. On 29 January 1931,

24381-479: The middle and last quarter of the 19th century. The head of the whole group was the Rothschild family..." It also says: "Of more recent years, non-Jewish financiers have learned the same cosmopolitan method, and, on the whole, the control is now rather less than more in Jewish hands than formerly." Mayer Rothschild successfully kept the fortune in the family with carefully arranged marriages , often between first- or second- cousins (similar to royal intermarriage ). By

24570-426: The modern Third Polish Republic. Historically, Poland was almost always a multiethnic country. This was especially true for the Second Republic, when independence was once again achieved in the wake of the First World War and the subsequent Polish–Soviet War , the latter war being officially ended by the Peace of Riga . The census of 1921 shows 30.8% of the population consisted of ethnic minorities, compared with

24759-880: The national budget to pay for it. In January 1938, the Polish Road Congress estimated that Poland would need to spend three times as much money on roads to keep up with Western Europe . In 1939, before the outbreak of the war, LOT Polish Airlines , which was established in 1929, had its hub at Warsaw Okęcie Airport . At that time, LOT maintained several services, both domestic and international. Warsaw had regular domestic connections with Gdynia - Rumia , Danzig - Langfuhr , Katowice-Muchowiec , Kraków-Rakowice-Czyżyny , Lwów-Skniłów , Poznań-Ławica , and Wilno-Porubanek . Furthermore, in cooperation with Air France , LARES , Lufthansa , and Malert , international connections were maintained with Athens , Beirut , Berlin, Bucharest , Budapest , Helsinki , Kaunas , London, Paris, Prague , Riga , Rome, Tallinn , and Zagreb . Statistically,

24948-422: The neighbouring Château Lafite vineyard. In Vienna , Salomon Mayer Rothschild established a bank in the 1820s and the Austrian family had vast wealth and position. The crash of 1929 brought problems, and Baron Louis von Schwartz Rothschild attempted to shore up the Creditanstalt , Austria's largest bank, to prevent its collapse. Nevertheless, during the Second World War they had to surrender their bank to

25137-435: The open by German armored cars. The story arose because some German armored cars appeared and gunned down 20 troopers as the cavalry escaped. Even this failed to persuade everyone to reexamine their beliefs—there were some who thought Polish cavalry had been improperly employed in 1939. Between 1945 and 1990, the Polish government-in-exile operated in London, presenting itself as the only legal and legitimate representative of

25326-563: The organization and transferred his Palestinian land holdings as well as 15 million francs to it. In 1924, he reorganized the Palestinian branch of the ICA into the Palestine Jewish Colonisation Association (PICA), which acquired more than 125,000 acres (50,586 ha) of land and set up business ventures. In Tel Aviv , the Rothschild Boulevard is named after him, as are a number of localities throughout Israel which he assisted in founding, including Metulla , Zikhron Ya'akov , Rishon Lezion and Rosh Pina . A park in Boulogne-Billancourt , Paris,

25515-431: The other Rothschild dynasties, including James Mayer de Rothschild in Paris, Carl Mayer von Rothschild in Naples and Amschel Mayer Rothschild in Frankfurt. Another essential part of Mayer Rothschild's strategy for success was to keep control of their banks in family hands, allowing them to maintain full secrecy about the size of their fortunes. In about 1906, the Jewish Encyclopedia noted: "The practice initiated by

25704-577: The outbreak of the war, there were approximately one million radios (see Radio stations in interwar Poland ). The administrative division of the Second Republic was based on a three-tier system, referring to the administrative division of the Polish-Lithuanian Commonwealth . On the lowest rung were the gminy , local town and village governments akin to districts or parishes. These were then grouped together into powiaty (akin to counties), which, in turn, were grouped as województwa ( voivodeships , akin to provinces). This administrative system passed into

25893-402: The peace would create a bounce in British government bonds after a two-year stabilisation, which would finalise the post-war restructuring of the domestic economy. In what has been described as one of the most audacious moves in financial history, Nathan immediately bought up the government bond market, for what at the time seemed an excessively high price, before waiting two years, then selling

26082-469: The politicians received (such as accusations of corruption or the 1919 Polish coup attempt ), made them increasingly unpopular. Major politicians at this time, in addition to General Piłsudski, included peasant activist Wincenty Witos (Prime Minister three times) and right-wing leader Roman Dmowski . Ethnic minorities were represented in the Sejm ; e.g. in 1928 – 1930 there was the Ukrainian-Belarusian Club, with 26 Ukrainian and 4 Belarusian members. After

26271-410: The pro-Piłsudski Nonpartisan Bloc for Cooperation with the Government won them. The following three parliamentary elections (in 1930 , 1935 and 1938 ) were manipulated, with opposition activists sent to Bereza Kartuska prison (see also Brest trials ). As a result, the pro-government party Camp of National Unity won huge majorities in them. Piłsudski died just after an authoritarian constitution

26460-468: The recession. The basis of Poland's gradual recovery after the Great Depression was the mass economic development plans of the new government (see Four Year Plan ) under economist Eugeniusz Kwiatkowski , which oversaw the building of three key infrastructural elements. The first was the establishment of the Gdynia seaport, which allowed Poland to completely bypass Gdańsk (which was under heavy German pressure to boycott Polish coal exports). The second

26649-417: The red shield", in reference to the house where the family lived for many generations (in those days, houses were designated not by numbers, but by signs displaying different symbols or colours). A red shield can still be seen at the centre of the Rothschild coat of arms. The family's ascent to international prominence began in 1744, with the birth of Mayer Amschel Rothschild in Frankfurt am Main , Germany. He

26838-423: The region – Lwów and Wilno ( Elektrit ). Besides coal mining, Poland also had deposits of oil in Borysław , Drohobycz , Jasło and Gorlice (see Polmin ), potassium salt ( TESP ), and basalt ( Janowa Dolina ). Apart from already-existing industrial areas, in the mid-1930s an ambitious, state-sponsored project called the Central Industrial Region was started under Minister Eugeniusz Kwiatkowski . One of

27027-611: The right to vote on 28 November 1918 by a decree of General Józef Piłsudski. The major political parties at this time were the Polish Socialist Party , National Democrats , various Peasant Parties , Christian Democrats , and political groups of ethnic minorities (German: German Social Democratic Party of Poland , Jewish: General Jewish Labour Bund in Poland , United Jewish Socialist Workers Party , and Ukrainian: Ukrainian National Democratic Alliance ). Frequently changing governments (see 1919 Polish legislative election , 1922 Polish legislative election ) and other negative publicity

27216-436: The same time, a significant number of ethnic Poles lived outside the country's borders. The Second Republic maintained moderate economic development. The cultural hubs of interwar Poland – Warsaw , Kraków , Poznań , Wilno , and Lwów  – became major European cities and the sites of internationally acclaimed universities and other institutions of higher education. Although Polish Jews were some of

27405-411: The second largest Jewish population in the world, with one-fifth of all the world's Jews residing within its borders (approx. 3,136,000). The urban population of interbellum Poland was rising steadily; in 1921, only 24% of Poles lived in the cities, in the late 1930s, that proportion grew to 30%. In more than a decade, the population of Warsaw grew by 200,000, Łódź by 150,000, and Poznań – by 100,000. This

27594-438: The socialist government of François Mitterrand nationalised and renamed it as Compagnie Européenne de Banque. Baron David de Rothschild , then 39, decided to stay and rebuild, creating a new entity named Rothschild & Cie Banque , with just three employees and €830,000 (US$ 1 million) in capital. Today, the Paris operation has 22 partners and accounts for a significant part of the global business. Ensuing generations of

27783-450: The start of the Napoleonic Wars (1803–1815), and the family had gained preeminence in the bullion trade by this time. From London in 1813 to 1815, Nathan Mayer Rothschild was instrumental in almost single-handedly financing the British war effort, organising the shipment of bullion to the Duke of Wellington's armies across Europe, as well as arranging the payment of British financial subsidies to their continental allies. In 1815 alone,

27972-513: The start of the Second World War. Other achievements of interbellum Poland included Stalowa Wola (a brand new city, built in a forest around a steel mill), Mościce (now a district of Tarnów , with a large nitrate factory), and the creation of the central bank Bank Polski SA . There were several trade fairs, with the most popular being Poznań International Fair , Lwów's Targi Wschodnie , and Wilno's Targi Północne . Polish Radio had ten stations (see Radio stations in interwar Poland ), with

28161-423: The state was referred to as: Republik Polen in German , Польська Республіка ( transcription : Polʹsʹka Respublika ) in Ukrainian , Польская Рэспубліка ( transcription : Poĺskaja Respublika ) in Belarusian , and Lenkijos Respublika , in Lithuanian . Between 14 November 1918 and 13 March 1919, the state was referred to in Polish as Republika Polska , instead of Rzeczpospolita Polska . Both terms mean

28350-460: The state was the Republic of Poland . In the Polish language , it was referred to as Rzeczpospolita Polska ( abbr. RP ), with the term Rzeczpospolita being a traditional name for the republic when referring to various Polish states, including the Polish–Lithuanian Commonwealth (considered to be the First Polish Republic, Pierwsza Rzeczpospolita ), and later, the current Third Polish Republic . In other regionally-used official languages,

28539-465: The sustainability of the business over the long-term. However, in the early 19th century, the Rothschild family of Naples built up close relations with the Holy See , and the association between the family and the Vatican continued into the 20th century. In 1832, when Pope Gregory XVI was seen meeting Carl von Rothschild to arrange the 1832 Rothschild loan to the Holy See (for £400,000, worth €43,000,000 in 2014), observers were shocked that Rothschild

28728-429: The third son of Mayer Amschel Rothschild (1744–1812), first established a textile jobbing business in Manchester and from there went on to establish N M Rothschild & Sons bank in London. During the early part of the 19th century, the Rothschild family's London bank took a leading part in managing and financing the subsidies that the British government transferred to its allies during the Napoleonic Wars . Through

28917-408: The victorious Polish-Soviet war , the borders of the state were finalised in 1922, Poland's neighbours were Czechoslovakia , Germany , the Free City of Danzig , Lithuania , Latvia , Romania and the Soviet Union . It had access to the Baltic Sea via a short strip of coastline known as the Polish Corridor on either side of the city of Gdynia . Between March and August 1939, Poland also shared

29106-492: The war, Polish Jews were threatened with conditions similar to those in Nazi Germany. The pre-war government also restricted the rights of people who declared Ukrainian nationality, belonged to the Eastern Orthodox Church and inhabited the Eastern Borderlands of the Second Polish Republic. Poland was consequently refusing to grant Ukrainians any form of autonomy . The goal was to completely Polonize them, including changing their religion to Roman Catholicism . Ukrainian

29295-403: The war, made contact with the U.S. Office of Strategic Services , the Creditanstalt in that period settled the financial issues of several Nazi concentration camps as well as the Aryanization of Jewish-owned businesses, like the re-establishment of Sascha-Film as Wien-Film Limited. Following Nazi defeat in World War II , the Creditanstalt again had to refocus its activity on Austria, and

29484-470: The wonders of modern banking ... we see the descendants of Judah, after a persecution of two thousand years, peering above kings, rising higher than emperors, and holding a whole continent in the hollow of their hands. The Rothschilds govern a Christian world. Not a cabinet moves without their advice. They stretch their hand, with equal ease, from [Saint] Petersburgh to Vienna, from Vienna to Paris, from Paris to London, from London to Washington. Baron Rothschild,

29673-517: Was 180,300 km (69,600 sq mi), the Niemen (51,600 km or 19,900 sq mi), the Oder (46,700 km or 18,000 sq mi) and the Daugava (10,400 km or 4,000 sq mi). The remaining part of the country was drained southward, into the Black Sea , by the rivers that drain into the Dnieper ( Pripyat , Horyn and Styr , all together 61,500 km or 23,700 sq mi) as well as Dniester (41,400 km or 16,000 sq mi) The beginning of

29862-461: Was 5,529 km (3,436 mi), including: 140 km (87 mi) of coastline (out of which 71 km (44 mi) were made by the Hel Peninsula ), the 1,412 km (877 mi) with Soviet Union, 948 kilometers with Czechoslovakia (until 1938), 1,912 km (1,188 mi) with Germany (together with East Prussia ), and 1,081 km (672 mi) with other countries (Lithuania, Romania, Latvia, Danzig). The warmest yearly average temperature

30051-414: Was Lodowy Szczyt (known in Slovak as Ľadový štít ), which rises 2,627 m (8,619 ft) above sea level. The largest lake was Lake Narach . The country's total area, after the annexation of Trans-Olza, was 389,720 km (150,470 sq mi). It extended 903 km (561 mi) from north to south and 894 km (556 mi) from east to west. On 1 January 1938, total length of boundaries

30240-440: Was a customs' war, with the revanchist Weimar Republic imposing a trade embargo against Poland for nearly a decade; it involved tariffs and broad economic restrictions. After 1933 the trade war ended. The new agreements regulated and promoted trade. Germany became Poland's largest trading partner, followed by Britain. In October 1938, Germany granted a credit of 60,000,000 RM to Poland (120,000,000 zloty , or £ 4,800,000) which

30429-442: Was a patron of the first permanent settlement in Palestine at Rishon-LeZion (1882). He also provided funding for the establishment of Petah Tikva as a permanent settlement (1883). Overall, he bought from Ottoman landlords 2–3% of the land. After Baron de Hirsch died in 1896, the Hirsch-founded Jewish Colonisation Association (ICA) started supporting the settlement of Palestine (1896), and Baron Rothschild took an active role in

30618-424: Was also a nation of many religions. In 1921, 16,057,229 Poles (approx. 62.5%) were Roman (Latin) Catholics , 3,031,057 citizens of Poland (approx. 11.8%) were Eastern Rite Catholics (mostly Ukrainian Greek Catholics and Armenian Rite Catholics ), 2,815,817 (approx. 10.95%) were Orthodox , 2,771,949 (approx. 10.8%) were Jewish, and 940,232 (approx. 3.7%) were Protestants (mostly Lutheran ). By 1931, Poland had

30807-432: Was approved in the spring of 1935. During the last four years of the Second Polish Republic, the major politicians included President Ignacy Mościcki , Foreign Minister Józef Beck and the Commander-in-Chief of the Polish Army , Marshal Edward Rydz-Śmigły . The country was divided into 104 electoral districts , and those politicians who were forced to leave Poland founded Front Morges in 1936. The government that ruled

30996-538: Was completed in 1860 and was kept in use by Creditanstalt until the 1934 merger. It was subsequently purchased by the Österreichischen Realitäten AG , a subsidiary of the Oesterreichische Nationalbank , and in 1940 by the Steierische Baugesellschaft . Am Hof 6 was damaged by allied bombing on 10 September 1944 and subsequently demolished. A new building was erected in its place in the early 1950s for electricity utility Verbundgesellschaft , designed by architect Carl Appel  [ de ] . Between 1915 and 1921

31185-420: Was construction of the 500-kilometre rail connection between Upper Silesia and Gdynia, called the Polish Coal Trunk-Line , which served freight trains with coal. The third was the creation of a central industrial district named COP – Centralny Okręg Przemysłowy ( English : Central Industrial Region). Unfortunately, these developments were interrupted and largely destroyed by the German and Soviet invasion and

31374-410: Was dense, but the quality of the roads was very poor – only 7% of all roads were paved and ready for automobile use, and none of the major cities were connected with each other by a good-quality highway. In 1939 the Poles built only one highway: 28 km of straight concrete road connecting the villages of Warlubie and Osiek (mid-northern Poland). It was designed by Italian engineer Piero Puricelli. In

31563-401: Was described by Melchior Wańkowicz in his book Sztafeta . In addition to this was the massive destruction left after both the First World War and the Polish–Soviet War . There was also a great economic disparity between the eastern (commonly called Poland B ) and western (called Poland A ) parts of the country, with the western half, especially areas that had belonged to Prussia and

31752-485: Was designed by architects Ernst Gotthilf  [ de ] and Alexander Neumann  [ de ] ; the same team had previously created the new head offices of Creditanstalt's competitors the Wiener Bankverein (on Schottentor ) and the Niederösterreichische Escompte-Gesellschaft itself ( am Hof 2), both nearby locations. Following the 1934 merger, the building was purchased in 1937 by Österreichische Versicherungs-AG , an insurance company. By 1980 it

31941-463: Was directly involved in the independence of Brazil from Portugal in the early 19th century. Upon an agreement, the Brazilian government should pay a compensation of two million pounds sterling to the Kingdom of Portugal to accept Brazil's independence. N M Rothschild & Sons was pre-eminent in raising this capital for the government of the newly formed Empire of Brazil on the London market. In 1825, Nathan Rothschild raised £2,000,000, and indeed

32130-453: Was due not only to internal migration, but also to an extremely high birth rate. From the 1920s, the Polish government excluded Jews from receiving government bank loans, public sector employment, and obtaining business licenses. From the 1930s, measures were taken against Jewish shops, Jewish export firms, Shechita as well as limitations being placed on Jewish admission to the medical and legal professions, Jews in business associations and

32319-496: Was elevated to noble rank in the Holy Roman Empire and the United Kingdom. During the 19th century, the Rothschild family possessed the largest private fortune in the world, as well as in modern world history. The family's wealth declined over the 20th century, and was divided among many descendants. Today, their interests cover a diverse range of fields, including financial services, real estate, mining, energy, agriculture, winemaking , and nonprofits. Many examples of

32508-437: Was established in the final stage of World War I . The Second Republic ceased to exist in 1939, after Poland was invaded by Nazi Germany , the Soviet Union , and the Slovak Republic , marking the beginning of the European theatre of the Second World War . The Polish government-in-exile was established in Paris and later London after the fall of France in 1940. When, after several regional conflicts, most importantly

32697-425: Was high, and poverty in the countryside was widespread, which resulted in several cases of social unrest, such as the 1923 Kraków riot , and 1937 peasant strike in Poland . There were conflicts with national minorities, such as the Pacification of Ukrainians in Eastern Galicia (1930) , relations with Polish neighbours were sometimes complicated (see Soviet raid on Stołpce , Polish–Czechoslovak border conflicts , and

32886-407: Was immensely popular in the interbellum, with three main centres in the cities of Warsaw, Wilno and Lwów. Altogether, there were 103 theatres in Poland and a number of other theatrical institutions (including 100 folk theatres). In 1936, different shows were seen by 5 million people, and main figures of Polish theatre of the time were Juliusz Osterwa , Stefan Jaracz , and Leon Schiller . Also, before

33075-565: Was impervious to local attacks. Their assets were held in financial instruments, circulating through the world as stocks, bonds and debts. Changes made by the Rothschilds allowed them to insulate their property from local violence: "Henceforth their real wealth was beyond the reach of the mob, almost beyond the reach of greedy monarchs." Johnson argued that their fortune was generated to the greatest extent by Nathan Mayer Rothschild in London; however, more recent research by Niall Ferguson indicates that greater and equal profits also were realised by

33264-446: Was in Kraków among major cities of the Second Polish Republic, at 9.1 °C (48.4 °F) in 1938; and the coldest in Wilno (7.6 °C or 45.7 °F in 1938). Extreme geographical points of Poland included Przeświata River in Somino to the north (located in the Braslaw county of the Wilno Voivodeship ); Manczin River to the south (located in the Kosów county of the Stanisławów Voivodeship ); Spasibiorki near railway to Połock to

33453-415: Was involved in Austria's economy, holding stakes in important Austrian companies such as Wienerberger , Steyr-Daimler-Puch , Lenzing AG , and Semperit . From 1956 onwards, the Creditanstalt was partly privatized by issuing 40% in shares, though only 10% in common stock . From the 1970s, it restarted an international expansion into central and eastern Europe. In 1975, it was the first Western bank to open

33642-424: Was much worse in parts of Congress Poland , the Eastern Borderlands , and what was formerly Galicia , where agriculture was quite backward and primitive, with a large number of small farms, unable to succeed in either the domestic or international market. Another problem was the overpopulation of the countryside, which resulted in chronic unemployment. Living conditions were so bad in several eastern regions, such as

33831-411: Was nationalized by Allied-occupied Austria by law of 28 July 1946. By 1947 it had 23 branch offices in Vienna and 9 branches in the rest of Austria, as well as three provincial affiliates, namely the Bank für Kärnten  [ de ] in Klagenfurt , the Bank für Tirol und Vorarlberg in Innsbruck , and the Bank für Oberösterreich und Salzburg in Linz . It became mainly a commercial bank and

34020-412: Was never realised, due to the outbreak of war. Germany would deliver factory equipment and machinery in return for Polish timber and agricultural produce. This new trade was to be in addition to the existing German-Polish trade agreements. In 1919, the Polish government introduced compulsory education for all children aged 7 to 14, in an effort to limit illiteracy, which was widespread, especially in

34209-449: Was not required to kiss the Pope's feet, as was then required for all other visitors to the Pope, including monarchs. The 1906 Jewish Encyclopedia described the Rothschilds as "the guardians of the papal treasure". Jewish solidarity in the family was not homogeneous. Many Rothschilds were supporters of Zionism , while other members of the family opposed the creation of the Jewish state. In 1917 Walter Rothschild, 2nd Baron Rothschild

34398-408: Was obsolete. The generals in command of armies had to ask permission from the high command. The Polish military attempted to organize fronts made of army groups only when it was already too late during the Polish Defensive War in 1939. After regaining its independence, Poland was faced with major economic difficulties. In addition to the devastation brought by the First World War, the exploitation of

34587-401: Was one of the first major bank collapses that initiated the Great Depression . Chancellor Otto Ender organized a rescue that entailed cost-sharing by the Austrian government, the Oesterreichische Nationalbank , and the Rothschild family , rejecting nationalization plans advocated by the Social Democratic Party . The group's foreign assets were transferred to a Monaco -registered entity,

34776-423: Was probably discreetly involved in the earlier tranche of this loan which raised £1,000,000 in 1824. Part of the price of Portuguese recognition of Brazilian independence, secured in 1825, was that Brazil should take over repayment of the principal and interest on a £1,500,000 loan made to the Portuguese government in 1823 by N M Rothschild & Sons. A correspondence from Samuel Phillips & Co. in 1824 suggests

34965-414: Was restricted in every field possible, especially in governmental institutions, and the term "Ruthenian" was enforced in an attempt to ban the use of the term "Ukrainian". Ukrainians were categorised as uneducated second-class peasants or third world people, and rarely settled outside the Eastern Borderland region due to the prevailing Ukrainophobia and restrictions imposed. Numerous attempts at restoring

35154-402: Was the addressee of the Balfour Declaration to the Zionist Federation , which committed the British government to the establishment in Palestine of a national home for the Jewish people. His nephew , Victor, Lord Rothschild was against granting asylum or helping Jewish refugees in 1938. After the death of James Jacob de Rothschild in 1868, his eldest son Alphonse Rothschild took over

35343-425: Was the property of the Länderbank which used it for its Länderbank Art Forum , successively renamed Bank Austria Art Forum (1991–2002), BA-CA Kunstforum (2002–2008), and since 2008 again Bank Austria Art Forum Vienna  [ de ] . In 2010, it was acquired by financier René Benko , who repurposed its northwestern wing which became the seat of the Austrian Constitutional Court in 2012, whereas

35532-416: Was the second highest share in Europe. Polish science in the interbellum was renowned for its mathematicians gathered around the Lwów School of Mathematics , the Kraków School of Mathematics , as well as the Warsaw School of Mathematics . There were world-class philosophers in the Lwów–Warsaw school of logic and philosophy. Florian Znaniecki founded Polish sociological studies. Rudolf Weigl invented

35721-416: Was the son of Amschel Moses Rothschild (born circa 1710), a money changer who had traded with the Prince of Hesse . Born in the " Judengasse ", the ghetto of Frankfurt , Mayer developed a finance house and spread his empire by installing each of his five sons in the five main European financial centres to conduct business. The Rothschild coat of arms contains a clenched fist with five arrows symbolising

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