Language:
English
Year of publication:
1997
Titel der Quelle:
American Jewish Archives Journal
Angaben zur Quelle:
49,1-2 (1997) 9-37
Keywords:
Schiff, Jacob H.
;
Kuhn, Loeb & Company
;
Jews Economic conditions
;
Antisemitism History 1800-2000
;
Jews History
Abstract:
The U.S. banking house Kuhn, Loeb and Company and its partners were frequently accused of pro-Bolshevik sympathies. Antisemitic propaganda alleged that this bank, and especially its senior partner Jacob Schiff, had secretly financed the Bolshevik Revolution. Schiff was sensitive to Jewish issues; in the period before the Russian Revolution he was engaged in alleviating Jewish suffering under the tsarist and other antisemitic regimes. Before and during World War I he staunchly opposed giving loans to Russia because the Jews did not have equal rights there. After the Revolution, Schiff supported the short-lived liberal government and granted a loan to it. However, he and his partners (Warburg, Kahn, et al.) were anti-communist as well as pro-Jewish. Therefore, the Civil War in Russia placed Schiff in a quandary: he was forced to support the White Russian movement despite its antisemitism. The bitter reality is that Kuhn, Loeb and Company were unable to exert anything but marginal leverage on both the tsarist and Soviet regimes.
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