Union Générale
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Union Générale
The General Union (''Union générale'') was a French Catholic bank founded in Lyon in 1875 by Catholic monarchists and then taken over in 1878 by Paul Eugène Bontoux. It went bankrupt in a resounding manner in 1882, during the stock market crash. History In 1878, Paul Eugène Bontoux, former head of department of the Rothschild bank, general counsel for Hautes-Alpes who had just been invalidated in the legislative elections of 1877 in Gap for vote fraud, former director of railway companies (the Staatsbahn  (de) and the Südbahn) and who in 1874 successfully launched a loan on the public markets for lignite operations in Austria, took over the management of the General Union founded in 1875 in Lyon by a group of Catholic and monarchist bankers and who is in trouble. The Bank was officially created on June 3, 1878. The initial capital was to be 25 million francs, an amount which was immediately increased to 50 million francs. The bank met with great success in Catholic and ...
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Lyon
Lyon,, ; Occitan: ''Lion'', hist. ''Lionés'' also spelled in English as Lyons, is the third-largest city and second-largest metropolitan area of France. It is located at the confluence of the rivers Rhône and Saône, to the northwest of the French Alps, southeast of Paris, north of Marseille, southwest of Geneva, northeast of Saint-Étienne. The City of Lyon proper had a population of 522,969 in 2019 within its small municipal territory of , but together with its suburbs and exurbs the Lyon metropolitan area had a population of 2,280,845 that same year, the second most populated in France. Lyon and 58 suburban municipalities have formed since 2015 the Metropolis of Lyon, a directly elected metropolitan authority now in charge of most urban issues, with a population of 1,411,571 in 2019. Lyon is the prefecture of the Auvergne-Rhône-Alpes region and seat of the Departmental Council of Rhône (whose jurisdiction, however, no longer extends over the Metropolis of Lyo ...
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Rothschild & Co
Rothschild & Co is a multinational investment bank and financial services company, and the flagship of the Rothschild banking group controlled by the French and British branches of the Rothschild family. The banking business of the firm covers the areas of investment banking, restructuring, corporate banking, private equity, asset management, and private banking. It is also known to serve as the advisor and lender to governments and major corporations. In addition, the firm has its own investment account in private equity. Rothschild's financial advisory division is known to serve British nobility as well as the British Royal Family. Past chairman Sir Evelyn Robert de Rothschild was the personal financial advisor of Queen Elizabeth II, and she knighted him in 1989 for his services to banking and finance. History Rothschild & Co is the result of a merger between the French and British houses of Rothschild, each with individual but intertwined histories. British history (N M Ro ...
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Decazeville
Decazeville ( oc, La Sala) is a commune in the Aveyron department in the Occitanie region in southern France. The commune was created in the 19th century because of the Industrial Revolution and was named after the Duke of Decazes (1780–1860), the founder of the factory that created the town. Viviez-Decazeville station has rail connections to Brive-la-Gaillarde, Figeac and Rodez. History The town is built on coal. La Salle (the former name) produced coal since the 16th century. It was exported in small quantities to Bordeaux. Louis XIV and his successors gave mines to their mistresses. The Duke of Decazes inherited such mines. In 1826 he created, with the help of a technician named Cabrol, the ''"Houillères et Fonderies de l'Aveyron"'' (Mines and Foundries of Aveyron) which developed to make this small village a center of ironworking and industry. Under Napoléon III, the city took the name of Decazeville. A statue of Decazes dressed in a Roman toga was erected. The high ...
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Metallurgy
Metallurgy is a domain of materials science and engineering that studies the physical and chemical behavior of metallic elements, their inter-metallic compounds, and their mixtures, which are known as alloys. Metallurgy encompasses both the science and the technology of metals; that is, the way in which science is applied to the production of metals, and the engineering of metal components used in products for both consumers and manufacturers. Metallurgy is distinct from the craft of metalworking. Metalworking relies on metallurgy in a similar manner to how medicine relies on medical science for technical advancement. A specialist practitioner of metallurgy is known as a metallurgist. The science of metallurgy is further subdivided into two broad categories: chemical metallurgy and physical metallurgy. Chemical metallurgy is chiefly concerned with the reduction and oxidation of metals, and the chemical performance of metals. Subjects of study in chemical metallurgy include mi ...
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Paribas
The Banque de Paris et des Pays-Bas (“Bank of Paris and the Netherlands”), generally referred to from 1982 as Paribas, was a French investment bank based in Paris. In May 2000, it merged with the Banque Nationale de Paris to form BNP Paribas. History Background In the early 1820s, Louis-Raphaël Bischoffsheim founded a private banking establishment in Amsterdam in his own name. His brother Jonathan-Raphaël created a branch in Antwerp in 1827 before settling in Brussels in 1836. Having married Henriette Goldschmidt, the daughter of Frankfurt banker Hayum-Salomon Goldschmidt, Louis-Raphaël Bischoffsheim established the Bischoffsheim, Goldschmidt & Cie bank in Paris in 1846, then in London in 1860. In 1863 he merged these banks into the (NCDB, "Dutch Credit and Deposit Bank"; french: Banque de Crédit et de Dépôt des Pays-Bas), which he had founded in Amsterdam: the Bischoffsheim family thereby established a powerful multinational banking conglomerate. Separately ...
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Louis Cahen D'Anvers
Count Louis Raphaël Cahen d'Anvers (24 May 1837 – 20 December 1922) was a French banker. Born in 1837 as the son of Meyer Joseph Cahen d'Anvers and Clara Bischoffsheim (1810-1876), he was a scion of two wealthy Jewish banking families. He married Louise de Morpurgo, of an also wealthy Sephardi Jewish family from Trieste. Two of their daughters, Alice (1876–1965) and Elisabeth (1874–1944 KZ Auschwitz), were painted by Pierre-Auguste Renoir in '' Pink and Blue'' in 1881. Alice married Major General Sir Charles Townshend and was the grandmother of Belgian-American journalist Arnaud de Borchgrave. A third daughter, Irène (1872 -1963) was also the subject of a Renoir painting entitled ''Little Irène''. Louis was so dissatisfied with the painting that he hung it in the servants' quarters and delayed payment of only 1500 francs. Irene married Moïse de Camondo in 1891 and divorced in 1902. During the Nazi occupation of France, Irène survived by escaping to a villa in t ...
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Moïse De Camondo
Count Moïse de Camondo (15 March 1860 – 14 November 1935) was an Ottoman Empire-born French banker and art collector. He was a member of the prominent Camondo family. Biography As a child, Camondo moved with his family from their home in Constantinople, Ottoman Empire, to Paris around 1869, where he grew up and continued the career of his father, Nissim de Camondo (1830-1889), as a banker. He was born into a Sephardic Jewish family that owned one of the largest banks in the Ottoman Empire, established in France since 1869. Starting in 1911, he completely rebuilt the family's Parisian mansion on the Parc Monceau in order to house his collection of 18th-century French furniture and artwork. Working closely with the architect René Sergent, he created a palatial home conforming to certain 18th-century traditions, even planning the room dimensions to match exactly the objects in his collection. The entryway is inspired by the Petit Trianon of Versailles. The home includes a kosher ...
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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 ...
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Euronext Paris
Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam, Lisbon, and Brussels exchanges in September 2000 to form Euronext NV. As of 2022, the 795 companies listed had a combined market capitalization of over US$4.5 trillion. Euronext Paris, the French branch of Euronext, is Europe's second-largest stock exchange market, behind the London Stock Exchange. History In the early 19th century, the Paris Bourse's activities found a stable location at the ''Palais Brongniart'', or ''Palais de la Bourse'', built to the designs of architect Alexandre-Théodore Brongniart from 1808 to 1813 and completed by Éloi Labarre from 1813 to 1826.Ayers 2004, pp. 61–62. Brongniart had spontaneously submitted his project, which was a rectangular neoclassical Roman temple with a giant Corinthian colonnade enclosing a vaulted and arcaded central chamber. His designs were greatly admired by Napoleon and won Brongniart a major public co ...
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Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world. Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, ur ...
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Rothschild Family
The Rothschild family ( , ) is a wealthy Ashkenazi Jewish family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s. Unlike most previous court factors, Rothschild managed to bequeath his wealth and established an international banking family through his five sons, who established businesses in London, Paris, Frankfurt, Vienna, and Naples. The family was elevated to noble rank in the Holy Roman Empire and the United Kingdom. The family's documented history starts in 16th century Frankfurt; its name is derived from the family house, Rothschild, built by Isaak Elchanan Bacharach in Frankfurt in 1567. During the 19th century, the Rothschild family possessed the largest private fortune in the world, as well as in modern world history.''The House of Rothschild: Money's prophets, ...
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North Africa
North Africa, or Northern Africa is a region encompassing the northern portion of the African continent. There is no singularly accepted scope for the region, and it is sometimes defined as stretching from the Atlantic shores of Mauritania in the west, to Egypt's Suez Canal. Varying sources limit it to the countries of Algeria, Libya, Morocco, and Tunisia, a region that was known by the French during colonial times as "''Afrique du Nord''" and is known by Arabs as the Maghreb ("West", ''The western part of Arab World''). The United Nations definition includes Morocco, Algeria, Tunisia, Libya, Egypt, Sudan, and the Western Sahara, the territory disputed between Morocco and the Sahrawi Republic. The African Union definition includes the Western Sahara and Mauritania but not Sudan. When used in the term Middle East and North Africa (MENA), it often refers only to the countries of the Maghreb. North Africa includes the Spanish cities of Ceuta and Melilla, and plazas de s ...
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