The Rothschild’s undoubtedly left a long lasting mark on the banking world. Mayer Amschel Rothschild, who was the first of his family to open a bank, helped introduce concepts like diversification, confidentiality, communication, and high volume which helped define the modern banking industry. Mayer was born in a Jewish ghetto in Frankfurt in 1744. Following his parents deaths at 12 he moved to Hanover and worked as an apprentice at Wolf Jakob Oppenheimer’s firm, providing credit to royalty and partaking in international trade. Mayer managed to flatter Prince William and started his fortune collecting and selling rare coins. After being elevated to his court agent and getting married he transitioned into banking. Technological and national
