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Haute Banking in France: Tracing the Financial Legacy from Louis XVI to the Industrial Revolution 🏦

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In many French cities during the reign of Louis XVI, King of France and Navarre from 1774 to 1792, prominent financier families like the Mallets, Davilliers, and Hottinguers played significant roles in the kingdom’s grand affairs.

The first half of the 19th century marked the establishment of β€œhaute banking” in France, led by prominent Parisian and provincial β€œhouses” such as the Rothschilds, Mirabauds, Hentschs, Odiers, Lombards, and Periers.

The concept of β€œhaute banking” is steeped in history, with its poetic expression likely originating from the restoration period. However, the roots of most institutions that qualify as β€œhaute banks” extend well beyond the Ancien RΓ©gime. Their close association with political power is well-documented, positioning haute banking as the financial backbone for princes and governments historically. Importantly, its active participation in financing the industrial revolution, particularly in sectors like mining and railways, played a significant role. These factors have collectively contributed to making haute banking a fascinating subject in the annals of history.

Source: LinkedIn

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An intricate illustration depicting the evolution of haute banking in France, from the reign of Louis XVI to its influential role in the Industrial Revolution, featuring iconic financier families and historic financial institutions.

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