The Rothschilds: Portrait of a Dynasty

Rating:
Summary: A lot of sycophancy
Review: A lot of fluff here, a lot of celebrity worship, and a few tidbits of fascinating historical information. It is written like a much expanded version of People magazine.
I wanted more about these people--more of their dirt, really. Everybody has dirt. Rich folks especially. But, while you get a couple grains of sand in this volume, mostly you come away from reading it feeling as though somehow these people are not only gifted and shrewd, but also angelic, and that is the stuff of a People magazine.

Rating:
Summary: Confusing Narrative and a Shame
Review: Buried in this detailed narrative are colorful and interesting phrases like "In one day, he reduced the bank's gold reserves by almost 100,000 pounds." This deals with an enraged Nathan Rothschild almost sinking the Bank of England by cashing hundreds of small notes, because the bank would not cash his notes which would be, uh checks. Ok, confused? The whole book is like this. Dramatic stories covering Mayer Rothschild from a German Jewish ghetto creating success and amazing good fortune. Sons and strong family power continue the legacy-financing princes during war, to controlling Brazil. Accounts describing Napoleon to Hitler.
Counting houses and branches in England, Germany and throughout Europe. You want to read these stories but the script is flawed OR at the extreme height of high intellect. I think the former. I am employed in finance and banking-and I cannot follow the threads!
And yet there are descripive, powerful passages that keep you turning the pages. The fact that the House of Rothschild is credited to Mayer having sons, as Morton starts off, is a telling statment but he buries you in all these individual accounts as decades roll by and the dynasty becomes mythic. The pictorial section is wonderful and perhaps paints a clearer picture than the text of a book, whose paperback cover claims to be a "Number One Best Seller."

Rating:
Summary: Celebrity Worship
Review: I enjoy some of the conspiracy theories involving the Rothschilds. Of course I stop well short of anti-Semitism. Just fun coffee shop conspiracy talk give me a break. I bought this book for a buck at a used book store hoping to find a little more dirt on the famous family. There was some dirt but it is glossed over with phrases like "but he was the black sheep of the family" and "a ruthless but brilliant business maneuver" etc. etc.
I am usually reading more challenging material so I was surprised how fast a read it was. There is important history here but it is so steeped in blatant flattery and celebrity worship that I felt a little ashamed for having read it - kind of like how one feels after watching Entertainment Tonight. Well that is an exaggeration. There has to be a better history of the Rothschild's out there but if you see this one for a dollar at a used bookstore I won't recommend against picking it up.

Rating:
Summary: Celebrity Worship
Review: There are very few families in history that have managed to maintain a tradition of excellence over several generations -- "Shirtsleeves to shirtsleeves in three generations" is the rule. The two notable exceptions to the rule are the Medici and the Rothschilds.

I purchased this book thinking that the author would provide some insight into how the Rothschilds achieved their long-standing record of success. Unfortunately, Mr. Morton is merely a sycophant, apparently incapable of providing the kind of detailed analysis the question calls for. Instead, he constantly marvels at how this family of rag merchants from Jew Street in Frankfurt ended up hobnobbing with the crowned heads of Europe. That is certainly an accomplishment of sorts, but absent any kind of descriptive analysis, it is little more than fodder for People magazine. Indeed, one can argue that the recent decline in the family's fortunes is due to their emulation of European aristocracy.

A far better book on the same topic is the two-volume set, "The House of Rothschild" by Niall Ferguson. After reading Mr. Morton, it is both refreshing and illuminating.

Rating:
Summary: Entertaining and Enchanting
Review: This book takes me back to a magical time, when sovereign finance held potentates at bay, and when bankers were literally masters of the universe. In the absence of universal taxation by governments, raising funds for war and peace is the sole, nearly impenetrable domain of the sovereign banker. To say that the historiography of finance capital, or more appropriately, 'haute banque' is much, much better than Lord of the Rings and Rowling's tomes would be an unforgivable travesty.

Rating:
Summary: An excellent history of an important family
Review: This is a very well written history of the Rothschilds. I recommend it for those interested in a strong overview of the family.