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Sir Edgar Speyer was a conspicuous figure in the financial, cultural, social and political life of Edwardian London. Head of the syndicate which financed the construction of the deep "tube lines" and "King of the Underground", he was also a connoisseur and active patron of the arts who rescued the "Prom" from collapse, enhanced the nation's musical and artistic life at his own expense and directed the funding of Captain Scott's Antarctic expeditions. Speyer and his wife, the concert violinist, Leonora Speyer lived in fabulously magnificent style. Early in the early summer of 1914 they stood at the peak of their success and celebrity in London society. Within weeks, on the outbreak of war, they became pariahs, objects of suspicion and aversion. Despite having been a naturalised British citizen for over 20 years and an ubiquitous public benefactor, Speyer found himself ostracised by society and mercilessly harried by the Northcliffe press. Under the Aliens Act of 1918, Speyer was summoned in 1921 before a judicial enquiry which found him guilty of disloyalty and disaffection and of communicating and trading with the enemy. He was stripped of his citizenship and membership of the Privy Council. Pilloried by The Times as a traitor, Speyer vehemently denied the charges, but he never returned to England thereafter and never forgot his ordeal.
The demonization, internment, and deportation of celebrated Boston Symphony Orchestra conductor Dr. Karl Muck, finally told, and placed in the context of World War I anti-German sentiment in the United States. BEST CLASSICAL MUSIC BOOK RELEASE OF 2019 by Classical-music.com, the official website of BBC Music Magazine. 2019 SUMMER READS ABOUT CLASSICAL MUSIC by the Australian Broadcasting Corporation. 2019 BEST BOOK AWARD FINALIST in both the History and Performing Arts categories, sponsored by American Book Fest. 2019 SUBVENTION AWARD by the American Musicological Society, funded in part by the National Endowment for the Humanities and the Andrew W. Mellon Foundation. One of the cherished narratives of American history is that of the Statue of Liberty welcoming immigrants to its shores. Accounts of the exclusion and exploitation of Chinese immigrants in the late nineteenth century and Japanese internment during World War II tell a darker story of American immigration. Less well-known, however, is the treatment of German-Americans and Germannationals in the United States during World War I. Initially accepted and even welcomed into American society at the outbreak of war, this group would face rampant intolerance and anti-German hysteria. Melissa D. Burrage's book illustrates this dramatic shift in attitude in her engrossing narrative of Dr. Karl Muck, the celebrated German conductor of the Boston Symphony Orchestra, who was targeted and ultimately disgraced by a New York Philharmonic board member and by capitalists from that city who used his private sexual life as a basis for having him arrested, interned, and deported from the United States. While the campaign against Muck made national headlines, and is the main focus of this book, Burrage also illuminates broader national topics such as: Total War; State power; vigilante justice; internment and deportation; irresponsible journalism; sexual surveillance; attitudes toward immigration; anti-Semitism; and the development of America's musical institutions. The mistreatment of Karl Muck in the United States provides a narrative thread that connects these various wartime and postwar themes. MELISSAD. BURRAGE, a former writing consultant at Harvard University Extension School, holds a Master's Degree in History from Harvard University and a PhD in American Studies from University of East Anglia. Support for thispublication was provided by the Howard Hanson Institute for American Music at the Eastman School of Music at the University of Rochester.
From Crisis to Crisis examines the impact of the harsh conditions of the interwar economy on the British merchant banks. The financial crises of 1914 and 1931 are assessed using primary sources. The competitive threats, including the rise of New York as a rival financial centre, are considered. It challenges alleged special treatment and provides fresh perspectives on the interwar rationalisation of industry. During the late nineteenth century, Britain’s merchant banks had become pre-eminent in a world of fixed exchange rates, free trade and the unfettered mobility of international capital. This world was increasingly challenged in the interwar period, being replaced by floating exchange rates, trade protectionism and restrictions on capital movements. This book fills a gap in the historiography of British banking by recovering the histories of long-forgotten merchant banks rather than focusing on the better-known firms. Using a wide range of archival resources, it traces the strategic transformation by some merchant banks from higher-risk, capital intensive activities to lower-risk, advisory services. Brian O’Sullivan has been jointly awarded the 2019 BAC Wadsworth Prize for From Crisis to Crisis: The Transformation of Merchant Banking 1914-1939. It was judged by the Business Archives Council (BAC) to have made an outstanding contribution to the study of British business history. Brian shared the prize with Professor Priya Satia of Stanford University in California.
The Privy Council is a centuries-old institution - yet, for an entity with such extensive influence over Britain's history, we know relatively little about it. What exactly does it do? To whom is it accountable? Just how much power does it hold over us? Some say it has no power at all, although you might not agree if you'd been sentenced to death in a former British overseas territory that still used the Judicial Committee of the Privy Council as its court of appeal; or if you were a lecturer having a row with your college, where the University Chancellor was a member of the royal family. Or, indeed, if you were a Prime Minister trying to establish a Royal Charter to control the press. Traditionally an advisory body to the sovereign, the Privy Council's chequered past is full of scandals and secrecy, plots and counterplots - and while it may no longer have the authority to command a beheading, its reach continues to extend into both parliamentary and public life. In By Royal Appointment, David Rogers examines it all, taking us on a fascinating, anecdote-filled odyssey through the history of one of England's oldest and most secretive government bodies.
The first history of London to show how immigrants have built, shaped and made a great success of the capital city London is now a global financial and multicultural hub in which over three hundred languages are spoken. But the history of London has always been a history of immigration. Panikos Panayi explores the rich and vibrant story of London- from its founding two millennia ago by Roman invaders, to Jewish and German immigrants in the Victorian period, to the Windrush generation invited from Caribbean countries in the twentieth century. Panayi shows how migration has been fundamental to London's economic, social, political and cultural development. Migrant City sheds light on the various ways in which newcomers have shaped London life, acting as cheap labour, contributing to the success of its financial sector, its curry houses, and its football clubs. London's economy has long been driven by migrants, from earlier continental financiers and more recent European Union citizens. Without immigration, fueled by globalization, Panayi argues, London would not have become the world city it is today.
Offering a global comparative perspective on the relationship between German minorities and the majority populations amongst which they found themselves during the First World War, this collection addresses how ’public opinion’ (the press, parliament and ordinary citizens) reacted towards Germans in their midst. The volume uses the experience of Germans to explore whether the War can be regarded as a turning point in the mistreatment of minorities, one that would lead to worse manifestations of racism, nationalism and xenophobia later in the twentieth century.
The dramatic story of the last fifty years of the Speyer banking dynasty, a Jewish family of German descent, is surprisingly little known today, yet at the turn of the 20th century, Speyer was the third largest investment banking firm in the United States, behind only Morgan and Kuhn, Loeb. It had branches in London, Frankfurt and New York, and the projects it financed included the Southern Pacific Railroad, the London Underground and the infrastructure of the new Cuban republic. Later, it was the first major banking firm to finance Germany's Weimar Republic, as well as providing League of Nations loans to Hungary, Greece and Bulgaria. Yet, the firm was doomed by the nationalist passions aroused by World War I. Its English partner was denaturalised and exiled; its American partner enjoyed reduced standing because of his connection to Germany; and the Frankfurt branch closed with the coming of the Third Reich, its German partner fleeing into exile. The firm was dissolved in 1939, a surprisingly anticlimactic end to one of the great international banking companies of modern times. George W. Liebmann here tells the story of the firm and the family - shedding new light on the protagonists of a remarkable dynasty, who came undone in the dramatic years of the early 20th century.
Jacob Henry Schiff (1847–1920), a German-born American Jewish banker, facilitated critical loans for Japan in the early twentieth century. Working on behalf of the firm of Kuhn, Loeb & Co., Schiff’s assertiveness in favour of Japan separated him from his fellow German Jewish financiers and the banking establishment generally. This book’s analysis differs from the consensus that Schiff funded Japan largely out of enmity towards Russia but rather sought to work with Japan for over thirty years. This was as much a factor in his actions surrounding the Russo-Japanese War (1904–1905) as his concern to thwart Russian antisemitism. Of interest to financial historians alongside Japanese historians and academics of both genres, this book provides a lively and thoroughly researched volume that precisely focuses on Schiff’s mastery of banking.