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| TextVersion · 2nd Floor · Jews in Hamburg | PanoramaVersion | |
| Jews
and business in Hamburg The Sephardic jews who settled in Hamburg
at the end of the 16th century, were wealthy merchants with extensive
trading connections oversees. Not only because of their involvement
in the Hamburg Bank, founded in 1619, they supported the rise of Hamburg
to an international trade and money centre in the 17th century. During
that time there was a strong social classification among the Jews in
the city consisting not only of rich traders and estate agents, but
also of bakers and cooks, workers and domestic employees. Apparently,
in the middle of the 18th century, the 858 Ashkenasi taxpayers were
practising 68 different types of work in the city. Because of the the
restrictions of the profession, enforced since the middle ages, they
were, as a rule, excluded from expert skilled trade and for that reason
concentrated on the trade and the money business. These reached from
hawking to wholesale trade, from the pawnshop to money -changing. The
Jews were especially active in the small business and trading in the
streets. All in all, the Jews distinguished themselves through highly
professional mobility. They also became active employers in the manufacturing
industry - for example in Kattun printing - The printing counted as
of exceptional quality beyond Hamburg and Altona. An example for the
independant employment of women in business, is Glückel von Hameln
(1646-1724) The participation of jewish families in the foundation of
private banks in the 19th century, still belonged to their traditional
economical business, which was favoured by the growing increase of investment
and the widespread connections of Jews abroad. In the new upcoming industry
there were no registrative restrictions, so that jewish employees were
able to invest into this expanding economical branch, prepared to take
risks with flexibility. Above all, they were successfull in the chemical
and metal industries and mechanical engineering. The introduction of
the freedom of trade in 1865, the vast increase in the population and
the new mass production of textiles supported the construction of warehouses,
a new type of trading with abundant supply and low prices. More Jews
on average were owners of these warehouses. |
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