146, Fahrgasse, Frankfurt, Germany
The building at 146, Fahrgasse, was the offices of the Frankfurt business.
Mayer Amschel Rothschild (1744-1812) of Frankfurt laid the foundations on which his five sons and their descendants would build a Europe wide banking business. After an apprenticeship in foreign trade and currency exchange in Hanover, he returned home in 1763, and became a dealer in rare coins. His coin business grew to include a number of princely patrons, and then expanded to include the provision of financial services to clients. In 1769, Mayer Amschel gained the title of 'Court Agent', managing the finances of the immensely wealthy Elector of Hesse-Cassel. By the early years of the 19th century, Mayer Amschel had consolidated his position and began to issue his own loans.
The Frankfurt bank
As a result of these dealings, Mayer Amschel amassed a not inconsiderable fortune and, in 1810, renamed his firm M A Rothschild und Söhne, establishing a partnership with his four sons still in Frankfurt, his son Nathan Mayer Rothschild (1777-1836) having already established a business in Manchester and London.
The Frankfurt bank was located at 146, Fahrgasse. By 1901, and the death of the bank’s last remaining partner, Wilhelm Carl (1828-1901), Frankfurt was no longer a significant financial centre. No family members in London, Paris or Vienna wished to move to the Prussian city, and the decision was taken to close the Frankfurt business.Return to Estates listing