This study of German-Jewish bankers, merchants and industrialists, and their activities, assesses the nature of their contribution to German economic development.

Based largely on autobiographical material, examines the position of several prominent Jewish families in Germany, the question of their Jewish identity, and socio-cultural changes resulting from the intensification of anti-Jewish prejudice. Contends that there was no evidence of virulent antisemitism in everyday affairs, thus allowing achievements of social objectives by wealthy Jews. Points out the existence of a Jewish group in the court of the openly antisemitic Kaiser Wilhelm II. Gives a cultural profile of Walther Rathenau and his political career, and discusses the relations between Richard Wagner and the Jewish cultural elite.

In the early twentieth century, a dense corporate network was created among the large German corporations ("Germany Inc."). About 16% of the members of this corporate network were of Jewish background. At the center of the network (big linkers) about 25% were Jewish. The percentage of Jews in the general population was less than 1% in 1914. What comparative advantages did the Jewish minority enjoy that enabled them to succeed in the competition for leading positions in the German economy? Three hypotheses are tested: (1) The Jewish economic elite had a better education compared to the non-Jewish members of the network (human capital). (2) Jewish members had a central position in the corporate network, because many of them were engaged in finance and banking. (3) Jewish members created a network of their own that was separate from the overarching corporate network (social capital). The density of this Jewish network was higher than that of the non-Jewish economic elite (embeddedness). Our data do not support any of these hypotheses. The observed correlation between Jewish background and economic success cannot be explained by a higher level of education, a higher level of social capital, or a higher proportion of Jewish managers engaged in (private) banking.

From the seventeenth century until the Holocaust, Germany's Jews lurched between progress and setback, between fortune and terrible misfortune. German society shunned Jews in the eighteenth century and opened unevenly to them in the nineteenth and early twentieth centuries, only to turn murderous in the Nazi era. By examining the everyday lives of ordinary Jews, this book portrays the drama of German-Jewish history -- the gradual ascent of Jews from impoverished outcasts to comfortable bourgeois citizens and then their dramatic descent into genocidal torment during the Nazi years. Building on social, economic, religious, and political history, it focuses on the qualitative aspects of ordinary life -- emotions, subjective impressions, and quotidian perceptions. How did ordinary Jews and their families make sense of their world? How did they construe changes brought about by industrialization? How did they make decisions to enter new professions or stick with the old, juggle traditional mores with contemporary ways? The Jewish adoption of secular, modern European culture and the struggle for legal equality exacted profound costs, both material and psychological. Even in the heady years of progress, a basic insecurity informed German-Jewish life. Jewish successes existed alongside an antisemitism that persisted as a frightful leitmotif throughout German-Jewish history. And yet the history that emerges from these pages belies simplistic interpretations that German antisemitism followed a straight path from Luther to Hitler. Neither Germans nor Jews can be typecast in their roles vis à vis one another. Non-Jews were not uniformly antisemitic but exhibited a wide range of attitudes towards Jews. Jewish daily life thus provides another vantage point from which to study the social life of Germany. Focusing on both internal Jewish life -- family, religion, culture and Jewish community -- and the external world of German culture and society provides a uniquely well-rounded portrait of a world defined by the shifting sands of inclusion and exclusion.

This four-volume collective project by a team of leading scholars offers a vivid portrait of Jewish history in German-speaking countries over nearly four centuries. This series is sponsored by the Leo Baeck Institute, established in 1955 in Jerusalem, London, and New York for the purpose of advancing scholarship on the Jews in German-speaking lands.