when, no matter how numerous the wealthy moneylenders or how influential the individual court Jews, there was no sign of the development of a well-defined Jewish group which collectively enjoyed specific privileges and rendered specific services. It was precisely the Rothschilds’ monopoly on the issuance of government loans which made it possible and necessary to draw on Jewish capital at large, to direct a great percentage of Jewish wealth into the channels of state business, and which thereby provided the natural basis for a new inter-European cohesiveness of Central and Western European
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