Chapter
The Rothschilds' Impact on the Financial System
16:33 - 22:39 (06:05)
The Rothschilds played an enormous role in transforming the financial system and shifting the dominant form of wealth from land to money. Their biggest business was helping to issue large government loans and they become so powerful that major countries like Austria and Prussia were unable to secure loans without them.
Clips
The Rothschilds mobilized property and income, granting money the previous privileges of the land, and became the leading source of big government loans.
16:33 - 22:39 (06:05)
Rothschilds
Summary
The Rothschilds mobilized property and income, granting money the previous privileges of the land, and became the leading source of big government loans. They exerted significant influence over nations that needed loans and were able to make certain conditions on loans, such as democratic reforms.