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Simon Lazard
Simon Lazard (April 8, 1828 – February 24, 1898) was a Franco-American banker who co-founded Lazard Frères & Co., reorganized in 2000 as Lazard. A native of Lorraine, France, a young merchant of antebellum New Orleans, pioneer of the California gold rush, and, finally, an international banker by the end of the nineteenth century, Simon Lazard with his brothers in Lazard Freres had built high-level financial relationships in business and government within a network encompassing France, England, and the U.S. Family Simon Lazard was born to a French Jews, Jewish family on April 8, 1828, in Frauenberg, Moselle, Lorraine, in northeast France. He was the son of Elie Lazard (1796–1831), a farmer, and Esther (''née'' Aron, 1798–1875). His father died when he was three, and his mother was remarried to Moïse Cahn (1796–1872), also of Frauenberg. He was the fifth oldest of the household’s eleven children, seven fathered by Elie and four by Moïse, a close-knit family. Note: In e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frauenberg, Moselle
Frauenberg (; german: Frauenberg) is a Communes of France, commune in the Moselle (department), Moselle Departments of France, department in Grand Est in north-eastern France. See also * Communes of the Moselle department References External links * Communes of Moselle (department) {{Sarreguemines-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fin De Siècle
() is a French term meaning "end of century,” a phrase which typically encompasses both the meaning of the similar English idiom "turn of the century" and also makes reference to the closing of one era and onset of another. Without context, the term is typically used to refer to the end of the 19th century. This period was widely thought to be a period of social degeneracy, but at the same time a period of hope for a new beginning. The "spirit" of often refers to the cultural hallmarks that were recognized as prominent in the 1880s and 1890s, including ennui, cynicism, pessimism, and "a widespread belief that civilization leads to decadence.” The term is commonly applied to French art and artists, as the traits of the culture first appeared there, but the movement affected many European countries. The term becomes applicable to the sentiments and traits associated with the culture, as opposed to focusing solely on the movement's initial recognition in France. The ideas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1893
The Panic of 1893 was an economic depression in the United States that began in 1893 and ended in 1897. It deeply affected every sector of the economy, and produced political upheaval that led to the political realignment of 1896 and the presidency of William McKinley. Causes The Panic of 1893 has been traced to many causes, one of those points to Argentina; investment was encouraged by the Argentine agent bank, Baring Brothers. However, the 1890 wheat crop failure and a failed coup in Buenos Aires ended further investments. In addition, speculations in South African and Australian properties also collapsed. Because European investors were concerned that these problems might spread, they started a run on gold in the U.S. Treasury. Specie was considered more valuable than paper money; when people were uncertain about the future, they hoarded specie and rejected paper notes.Nelson, Scott Reynolds. 2012. A Nation of Deadbeats. New York: Alfred Knopf, p. 189. During the Gi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of France
The Bank of France ( French: ''Banque de France''), headquartered in Paris, is the central bank of France. Founded in 1800, it began as a private institution for managing state debts and issuing notes. It is responsible for the accounts of the French government, managing the accounts and the facilitation of payments for the Treasury and some public companies. It also oversees the auctions of public securities on behalf of the Eugenian Central Bank. Today, it is an independent institution, and it has been a member of the Eurosystem of central banks since 1999. This consists of the European Central Bank (ECB), and the national central banks (NCBs) of all European Union (EU) members. Its three main missions, as defined by its statuses, are to drive the French monetary strategy, ensure financial stability and provide services to households, small and medium businesses and the French state. François Villeroy de Galhau has served as Governor of the Banque de France since 1 Novembe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paris Bourse Crash Of 1882
The Paris Bourse crash of 1882 was a stock market crash in France, and was the worst crisis in the French economy in the nineteenth century. The crash was triggered by the collapse of l'Union Générale in January. Around a quarter of the brokers on the bourse were on the brink of collapse. The closure of the exchange was prevented by a loan from the Banque de France which enabled sufficient liquidity to support settlement. Causes The stock price of l’Union Générale rose from 500 francs a share in 1879 to over 3,000 francs at its peak. Investors saw the booming market for new securities and jumped into the forward market. Speculators also printed counterfeit money; they renewed their forward contracts in hopes for a continuous rise in prices. As the market grew, so did the demand for cash, and interest rates began to rise to the point where lenders began demanding a premium. This situation foretold that a collapse would occur when investors would repay their loans, not want ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Blumenthal (banker)
George Blumenthal (April 7, 1858 – June 26, 1941) was a German-born banker who served as the head of the U.S branch of Lazard Frères. Early life Blumenthal was born in Frankfurt am Main in 1858 to Hermann Blumenthal and Helene Hickel. Career Blumenthal a foreign-exchange banker was sent to the United States by Speyer & Co., and rose to prominence as the head of the U.S branch of Lazard Frères. He was also a partner of Lazard Frères in France. He retired from Lazard in 1901, giving up his seat on the stock exchange, and returned as a partner in 1906. He returned to the stock exchange in 1916, purchasing a seat for $63,000 (equivalent to $ today). With J. P. Morgan the elder, he was one of five bankers who saved Grover Cleveland from giving up specie payments in 1896, with their $65,000,000 gold loans. Philanthropy In New York, he served as president of the Mount Sinai Hospital, where he donated $2 million and where the Blumenthal auditorium is named after him. He was a tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
