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Banking

subject · http://data.judaicalink.org/data/ep/1388103

From the beginning of Jewish settlement in Eastern Europe, moneylending and money dealing in its various forms represented—alongside commerce, tax farming, and leasing—a central area of their economic activities. Into the nineteenth century, Jewish entrepreneurs were typically involved in more than one of these areas. Furthermore, in the early modern period Jewish communities played a significant role in the monetary economy of Eastern Europe by borrowing from church institutions and the aristocracy. In the nineteenth century—considerably later than in Western or Central Europe—the whole of Eastern Europe witnessed the emergence of prominent figures who served, either primarily or exclusively, as private bankers. With the rapid spread of joint stock banks, such figures declined in significance by World War I. However, the proportion of Jewish capital in these public companies remained significant, and Jews continued to be prominent in the management of those company’s affairs.

Identifiers

Wikidata

Q806718

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