Prominent companies founded by American Jews are too many to mention: Baskin Robbins, Dunkin Donuts, Estee Lauder, facebook, Google, Haagen-Dazs, Goldman Sachs, STARBUCKS COFFEE, ToysRus, Warner Brothers, DreamWorks, DELL, and on and on. The American Jewish population accounts for 2.4 % of the total US population.
Why do How has such a minority people created a number of companies generating a large amount of the state capital?
First of all, let’s take a look at the history of how Jews made their fortune. In the medieval period, Jews were utterly persecuted in the Christian world because they were considered criminals who sent Jesus Christ to crucifixion. They were not allowed to own their land, so they could not engage in farming nor
could not get any jobs at all. The only occupation which was thought to be a sin and forbidden to follow in Christianity was open to them – the money lending business. Many Jews spreading all over the world and running away from the persecution and spreading all over the world were connected together and developed money order financial skills for world-wide trading. The outstanding money lenders among them were the Rothschilds, the Warburgs, and the Schiffs.
The first- generation, Rothschild Mayer Armschel
Rothschild, who was born in a ghetto in Germany in 1744, grew up under persecution, and started up an antique cion business at the age of 20. He won the patronage of Crown Prince Willhelm of Hesse, who became Wilhelm IX later. Rothschild expanded his business through as the financial watchdog for Wilhelm IX. While many kings and feudal lords lost their dominions during the Napoleonic wars. Rothschild profited greatly by helping the British government with its finances. In the early 1800s, Rothschild sent his 5 sons to establish banking operations in London, Paris, Vienna, Naples, including a son in and his birthplace Frankfurt, growing the small business to multinational financial corporation, and also ruled the London Stock Exchange. N M Rothschild & Sons is still in operation today. In 2022, the bank reported 2.97 billion pounds in revenue and 606 million pounds net income.
Paul Moritz Warburg played a major role in establishing the FRB in the US in 1913.
Jacob Henry Schiff who migrated to the US after the American Civil War became a director of the National City Bank of New York, Wells Fargo & Company and so on.
The These Jewish international financial groups have since had a great influence on the US present US financial system.