Max Warburg: Difference between revisions
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{{Short description|German banker (1867–1946)}} |
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{{unsourced|date=February 2010}} |
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{{Infobox person |
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[[Image:Max Warburg 1905.jpg|thumb|Max Warburg, 1904]] |
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'''Max M. [[Warburg family|Warburg]]''' (5 June 1867 – 26 December 1946) was a German-born American [[banker]] and from 1910 until 1938, director of [[M.M.Warburg & CO]] in [[Hamburg]], Germany. Prior to his directing of the Warburg banking company, he developed apprenticeships in [[Frankfurt]], [[Amsterdam]], [[Paris]], and [[London]]. As head of that firm, he advised [[Kaiser Wilhelm II]] prior to [[World War I]]. |
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| image = Max Warburg 1905.jpg |
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| caption = Max Warburg in 1904;<br />by [[Rudolf Dührkoop]] |
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|birth_name=Max Moritz Warburg |
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| birth_date = {{Birth date|1867|06|05|mf=y}} |
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| birth_place = [[Hamburg]], [[Germany]] |
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| death_date = {{death date and age|1946|12|26|1867|6|5|mf=y}} |
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| death_place = [[New York City]] |
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| occupation = Banker |
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| spouse = {{marriage|Alice Magnus|1899}} |
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| children = [[Eric Warburg]] (1900–1990) |
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| website = |
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}} |
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'''Max Moritz Warburg''' (5 June 1867 – 26 December 1946) was a [[Germans|German]] banker and scion of the wealthy [[Warburg family]] based in [[Hamburg]], [[Germany]]. |
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His brother [[Paul Warburg]] was the chief architect of the [[Federal Reserve Board]] in the [[United States]]. |
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==Early life== |
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On December 12, 1918, the United States Naval Secret Service Report on Mr. Warburg was as follows: |
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Max Warburg was one of seven children born to Moritz Warburg, the director of the family's Hamburg bank, and his wife Charlotte Oppenheim of the [[Oppenheim family]], another prominent German-Jewish banking family.<ref name="chernow">{{Cite book|title=The Warburgs: The Twentieth Century Odyssey of a Remarkable Jewish Family|last=Chernow|first=Ron|publisher=Random House|year=1993|isbn=978-0525431831|location=New York}}</ref> |
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His siblings were art historian and cultural theorist [[Aby Warburg|Abraham “Aby” Warburg]]; chief architect of the [[Federal Reserve Board]] of the United States [[Paul Warburg]]; [[Felix Warburg|Felix]], son-in-law to [[Jacob Schiff]] and partner at Kuhn, Loeb & Co.; Fritz; Olga; and Louisa.<ref name="chernow" /> |
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"WARBURG, PAUL: New York City. German, naturalized citizen, 1911. was decorated by the Kaiser in 1912, was vice chairman of the Federal Reserve Board. Handled large sums furnished by Germany for Lenin and Trotsky. Has a brother who is leader of the espionage system of Germany." |
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==Career== |
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This report, which must have been compiled much earlier, while the United States was at war with Germany, is not dated until December 12, 1918. AFTER the Armistice had been signed. Also, it does not contain the information that Paul Warburg resigned from the Federal Reserve Board in May, 1918, which indicates that it was compiled before May, 1918, when Paul Warburg would theoretically have been open to a charge of treason because of his brother's control of Germany's Secret Service. |
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He apprenticed in [[Frankfurt]], [[Amsterdam]], [[Paris]], and [[London]]. From 1910 until 1938, he was director of [[M. M. Warburg & Co.]] in [[Hamburg]], Germany. As head of that firm, he advised [[Kaiser Wilhelm II]] prior to [[World War I]].<ref name="chernow" /> |
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In the 1930s, despite the rise of the [[Nazi Party]], Warburg felt there was hope for the future in Germany and tried to wait out the Nazi crisis. |
In the 1930s, despite the rise of the [[Nazi Party]], Warburg felt there was hope for the future in Germany and tried to wait out the Nazi crisis. From 1933, he served on the board of the German [[Reichsbank]] under governor [[Hjalmar Schacht]]. He sold the bank because the 1935 [[Nuremberg laws]] set the framework and campaign of [[Aryanization (Nazism)|Aryanization]]. He then emigrated to the [[United States]] in 1938. |
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==Personal life== |
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Max Warburg married Alice Magnus in 1899, and together they had four daughters and a son, [[Eric Warburg]] (1900—1990), founder of E.M. Warburg & Co, later known as [[Warburg Pincus]]. |
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Max Warburg married Alice Magnus in 1899, and together they had four daughters (including [[Lola Helene Nina Hahn-Warburg]], who instigated the ''[[Kindertransport]]'' initiative to the United Kingdom) and a son, [[Eric Warburg]] (1900–1990), who served during WW2 and was later involved with the OSS, along with founding E.M. Warburg & Co, later known as [[Warburg Pincus]]. His company did deals on Wall Street with help of people like Alan Dulles, and he maintained a close relationship with John J. McCloy over the years.<ref>{{cite web|url=http://www.transatlanticperspectives.org/entry.php?rec=156 |title=Eric M. Warburg (1900–1990): Transatlantic commuter and mediator |website=transatlanticperspectives.org |access-date=2022-07-02}}</ref> |
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==See also== |
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==References== |
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{{Reflist}} |
{{Reflist}} |
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*{{cite journal |last1=Berghoff |first1=Hartmut |first2=Ingo |last2=Köhler |year=2007 |title=Redesigning a Class of Its Own: Social and Human Capital Formation in the German Banking Elite, 1870–1990 |journal=[[Financial History Review]] |volume=14 |issue=1 |pages=63–87 |doi=10.1017/S0968565007000364 |s2cid=154894034 }} |
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==External links== |
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* {{PM20|FID=pe/018136}} |
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{{Authority control}} |
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{{DEFAULTSORT:Warburg, Max}} |
{{DEFAULTSORT:Warburg, Max}} |
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[[Category:1867 births]] |
[[Category:1867 births]] |
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[[Category:1946 deaths]] |
[[Category:1946 deaths]] |
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[[Category:German American Jews]] |
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[[Category:American financial businesspeople]] |
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[[Category:American bankers]] |
[[Category:American bankers]] |
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[[Category:German bankers]] |
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[[de:Max Warburg]] |
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[[fr:Max Warburg]] |
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[[no:Max Warburg]] |
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[[ru:Варбург, Макс]] |
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Latest revision as of 15:56, 14 October 2024
Max Warburg | |
|---|---|
 Max Warburg in 1904; by Rudolf Dührkoop | |
| Born | Max Moritz Warburg June 5, 1867 |
| Died | December 26, 1946 (aged 79) |
| Occupation | Banker |
| Spouse |
Alice Magnus (m. 1899) |
| Children | Eric Warburg (1900–1990) |
Max Moritz Warburg (5 June 1867 – 26 December 1946) was a German banker and scion of the wealthy Warburg family based in Hamburg, Germany.
Early life
[edit]Max Warburg was one of seven children born to Moritz Warburg, the director of the family's Hamburg bank, and his wife Charlotte Oppenheim of the Oppenheim family, another prominent German-Jewish banking family.[1]
His siblings were art historian and cultural theorist Abraham “Aby” Warburg; chief architect of the Federal Reserve Board of the United States Paul Warburg; Felix, son-in-law to Jacob Schiff and partner at Kuhn, Loeb & Co.; Fritz; Olga; and Louisa.[1]
Career
[edit]He apprenticed in Frankfurt, Amsterdam, Paris, and London. From 1910 until 1938, he was director of M. M. Warburg & Co. in Hamburg, Germany. As head of that firm, he advised Kaiser Wilhelm II prior to World War I.[1]
In the 1930s, despite the rise of the Nazi Party, Warburg felt there was hope for the future in Germany and tried to wait out the Nazi crisis. From 1933, he served on the board of the German Reichsbank under governor Hjalmar Schacht. He sold the bank because the 1935 Nuremberg laws set the framework and campaign of Aryanization. He then emigrated to the United States in 1938.
Personal life
[edit]Max Warburg married Alice Magnus in 1899, and together they had four daughters (including Lola Helene Nina Hahn-Warburg, who instigated the Kindertransport initiative to the United Kingdom) and a son, Eric Warburg (1900–1990), who served during WW2 and was later involved with the OSS, along with founding E.M. Warburg & Co, later known as Warburg Pincus. His company did deals on Wall Street with help of people like Alan Dulles, and he maintained a close relationship with John J. McCloy over the years.[2]
See also
[edit]References
[edit]- ^ a b c Chernow, Ron (1993). The Warburgs: The Twentieth Century Odyssey of a Remarkable Jewish Family. New York: Random House. ISBN 978-0525431831.
- ^ "Eric M. Warburg (1900–1990): Transatlantic commuter and mediator". transatlanticperspectives.org. Retrieved 2022-07-02.
- Berghoff, Hartmut; Köhler, Ingo (2007). "Redesigning a Class of Its Own: Social and Human Capital Formation in the German Banking Elite, 1870–1990". Financial History Review. 14 (1): 63–87. doi:10.1017/S0968565007000364. S2CID 154894034.
External links
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