Jacob Schiff and the Art of Risk
American Financing of Japan's War with Russia (1904-1905)
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Beschreibung
“A fascinating, wholly new, account of the emergence of Japan as a major player in the global economy and politics in the early twentieth century, and New York financier Jacob Schiff's role in funding it, while he boosted the US challenge to the City of London's dominance in world finance.”
—Patricia M. Thane, MA (Oxon), PhD (LSE), FBA, Research Professor in Contemporary British History, Department of Political Economy, King's College, London
“Jacob Schiff and the Art of Risk showcases the fascinating stories and insights of how international banking worked in the early 20th century and how it still works today. It uniquely illustrates how one banker shifted the paradigm and opened the door for New York to replace London as the center of international finance.”
—Doug Krause, General Counsel and Chief Risk Officer of East West Bank; Director of the Western Bankers Association and the International Bankers Association of California
“Jacob Schiff, a prominent New York Jewish banker, assembled the loans that Japan required for its war with Russia in 1905. This book covers a fascinating tale of a great Wall Street bank in the setting of Manhattan society, the global expansion of American finance, and the rise of modern Japan.”
—Avner Offer, Chichele Professor Emeritus of Economic History, University of Oxford
Jacob Henry Schiff (1847–1920), a German-born American Jewish banker, facilitated critical loans for Japan in the early twentieth century. Working on behalf of the firm of Kuhn, Loeb & Co., Schiff’s assertiveness in favour of Japan separated him from his fellow German Jewish financiers and the banking establishment generally. This book’s analysis differs from the consensus that Schiff funded Japan largely out of enmity towards Russia but rather sought to work with Japan for over thirty years. This was as much a factor in his actions surrounding the Russo-Japanese War (1904–1905) as his concern to thwart Russian antisemitism. Of interest to financial historians alongside Japanese historians and academics of both genres, this book provides a lively and thoroughly researched volume that precisely focuses on Schiff’s mastery of banking.
Examines in detail Jacob Schiff's actions and motivations in financing Japan during the Russo-Japanese war of 1904-05 Reveals a compelling story of how banking operated at the time Showcases the mechanics of one of the most significant pre-World War I financing every undertaken by an American bank
Autor*in
Adam Gower
Themen in »Jacob Schiff and the Art of Risk«
Russo-Japanese War Jacob Henry Schiff loans to Japan English syndicate banks foreign capital Jacob Schiff banking