1. Amsterdam: a center of credit -- 2. Frankfurt an der Oder: Central European middlemen -- 3. Border lands: legal restrictions, army supplying, and economic success -- 4. Praga: a stepping stone -- 5. Warsaw: the rise of a Jewish economic elite

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

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.

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.

Maristella Botticini and Zvi Eckstein show that, contrary to previous explanations, this transformation was driven not by anti-Jewish persecution and legal restrictions, but rather by changes within Judaism itself after 70 CE--most importantly, the rise of a new norm that required every Jewish male to read and study the Torah and to send his sons to school. Over the next six centuries, those Jews who found the norms of Judaism too costly to obey converted to other religions, making world Jewry shrink. Later, when urbanization and commercial expansion in the newly established Muslim Caliphates increased the demand for occupations in which literacy was an advantage, the Jews found themselves literate in a world of almost universal illiteracy. From then forward, almost all Jews entered crafts and trade, and many of them began moving in search of business opportunities, creating a worldwide Diaspora in the process.

In this rich transnational history, Cornelia Aust traces Jewish Ashkenazi families as they moved across Europe and established new commercial and entrepreneurial networks as they went. Aust balances economic history with elaborate discussions of Jewish marriage patterns, women's economic activity, and intimate family life. Following their travels from Amsterdam to Warsaw, Aust opens a multifaceted window into the lives, relationships, and changing conditions of Jewish economic activity of a new Jewish mercantile elite.