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The Warburgs

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The Book of the Week is “The Warburgs, The 20th-Century Odyssey of a Remarkable Jewish Family” by Ron Chernow, published in 1993. This ginormous, slightly: chronologically disorganized and redundant volume, recounted mostly, the life-stories of four males born to a German Jewish family in the mid to late 1800’s, and the life-stories of their descendants.

Through the decades, different family branches traveled or moved from Germany to other countries, such as England, Sweden and Italy, due to discrimination against Jews, and world wars. Some became fully assimilated in their adopted countries and married outside the faith. Some moved to the United States.

In September 1922, “Paul [Warburg] saw America sunk in an intellectual coma and warned Washington that ‘we are surrounding ourselves with a wall and moat of cynicism and selfish materialism…’ ” As ought to be well known, there’s nothing new under the sun.

The Warburgs were “international bankers”– Hitler’s anti-Semitic code language for Jews, whom he claimed were the cause of all of Germany’s problems in approximately the two decades leading up to, and during WWII.

Aby was the black sheep of the family. He had a brilliant career in art history. The other Warburg brothers, Max, Paul and Felix became financiers, philanthropists and activists. In the 1920’s, the German government began to persecute its Jews more than was historically usual, but until the late 1930’s, the brothers evaded the brunt of the Nazis’ human-rights abuses.

The Warburgs had special influence with government officials because they had substantial assets, and their businesses’ financial transactions had a major impact on the German economy, and worldwide.

In late winter 1936, the Warburgs struck a secret deal with Heinrich Himmler that allowed them to continue doing business. However, later that year, they lost their connections to power when the Nazis forced corporate boards’ directors who were deemed Jewish, to resign. The brothers had been on dozens of boards.

The culture of the German people in their place and time was characterized by blind obedience to authority and passionate love for one’s homeland. Even after September 1937 when the brothers’ bank in Hamburg was ejected from the Reich Loan Consortium, they still clung to the hope that the Nazis’ amassing of power and menace was only temporary.

Hermann Goering scotched free trade when he formed his five-hundred employee fiefdom– the Office of Raw and Synthetic Materials. It allowed Germany to prepare for war. The Nazis needed funding for re-arming Germany, and the eventual theft of Jews’ assets would come in due time. The Jews were pawns in Hitler’s evil plan of Aryan world conquest.

A minor action symbolizing this, was the hanging of a gigantic oil painting of Hitler in the newly seized Warburg brothers’ Hamburg branch-office in May 1938. The Warburgs were allowed to choose two Aryans to run the bank indefinitely; of course, it was then unclear when or if the family would be able to reclaim their business.

In the twentieth century, the Warburgs wore the label “Jewish” that the world had thrust on them, whether observant or not, assimilated or not, for having a Jewish last name, or for having “Jewish” relatives (at the time Europe was ruled by Hitler), or having been raised by family members in this identity they felt was immutable.

“It wasn’t their [the Jews’] alien quality so much as their familiarity, their uncomfortable resemblance to other Germans, that enabled Hitler to tap fears of ‘racial pollution.’ “

Post-Holocaust, the discomfort about Jews has continued. Could it be that women who dye their hair blond, don’t want to look Jewish? And then– could it be that the Jews started the “dumb blond” jokes?

Read the book to learn much, much, much more about the histories of Warburg family members, and their times.

Author authoressPosted on May 28, 2025May 29, 2025Categories "Wall Street" - Securities Markets, Account of War and/or Crushing Oppression - Various Lands, Collective Biography, Economics - Miscellaneous, History - Various Lands, Immigrant Relations in America, Judaism Issues, Nonfiction, Personal Account of WWII Refugee / Holocaust Survivor, Politics - Miscellaneous, Politics - Wartime, Profiteering of A Corporate Nature That REALLY Hurt Taxpayers and Society, Religious Issues, Subject Chose to Do Life-Risking Activism, Subject Chose to Flee Crushing Oppression For A Better Life

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