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Slavery Bombshell in British press. News Team

A story has come out of the British press that is being carried by financial publications in the US. Two men, considered to be among the city of London’s most famous residents, benefited financially from the trans-Atlantic slave trade.

One is Nathan Mayer Rothschild, patriarch of the Rothschild banking family. The second is James William Freshfield founder of the Freshfields Bruckhaus Deringer, the world’s fourth largest law firm. The reason this story is such a bombshell, is that both men have been portrayed as anti-slavery progressives.

Rothschild, who’s wife’s uncle was grandfather to Karl Marx, has been portrayed as a major English abolitionist by his descendants. The Rothschild’s are closely connected to left-wing movements in Europe in the 19th Century.

Rothschild was allegedly born in a poor Jewish ghetto in Germany, but rose to become one of the richest and most powerful men in the world. Nathan Rothschild established his own international intelligence network built around the couriers employed by his banking interests. He received news of Napoleans’ defeat at Waterloo a full day before the British government and made a killing on the stock market because of this information.

By the mid 19th century the Rothschild banking family dominated European financial markets, but lost much of their wealth after financing failed Communist Revolutions of 1848.