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{{Short description|German banker (1867–1946)}}
{{Infobox person
{{Infobox person
| name = Max Warburg
| name = Max Warburg
| image = Max Warburg 1905.jpg
| image = Max Warburg 1905.jpg
| image_size =
| image_size =
| caption = Max Warburg in 1904
| caption = Max Warburg in 1904;<br />by [[Rudolf Dührkoop]]
|birth_name=Max Moritz Warburg
| birth_date = {{Birth date|1867|06|05|mf=y}}
| birth_date = {{Birth date|1867|06|05|mf=y}}
| birth_place = [[Hamburg]], [[Germany]]
| birth_place = [[Hamburg]], [[Germany]]
| death_date = {{death date and age|1946|12|26|1867|6|5|mf=y}}
| death_date = {{death date and age|1946|12|26|1867|6|5|mf=y}}
| death_place =
| death_place = [[New York City]]
| occupation = Banker
| occupation = Banker
| spouse =
| spouse = {{marriage|Alice Magnus|1899}}
| children =
| children = [[Eric Warburg]] (1900–1990)
| website = }}
| website =
}}


'''Max M. [[Warburg family|Warburg]]''' (5 June 1867 – 26 December 1946) was a Jewish / German [[banker]]. He was a scion of the illustrious [[Warburg family]] of Altona.
'''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]].


==Life==
==Early life==
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>
He developed apprenticeships in [[Frankfurt]], [[Amsterdam]], [[Paris]], and [[London]].
He developed the [[HAPAG]] company with [[Albert Ballin]].<ref>http://www.ihr.org/jhr/v15/v15n5p33_Weir.html</ref>


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" />
⚫
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]].


==Career==
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. Beginning in 1933 he served on the board of the German [[Reichsbank]] under governor [[Hjalmar Schacht]]. The bank provided [[Haavara]] transfer payments to emigrating Jews to [[Palestine]].<ref>http://www.ihr.org/jhr/v15/v15n5p33_Weir.html</ref><ref>http://www.manfredlehmann.com/sieg241.html</ref>
⚫
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" />
He sold the bank because the 1935 [[Nuremberg laws]] set the framework and campaign of “Aryanization”.


Warburg was also on the board of a major industrial conglomerate, IG Farben, which had been originally formed by the Rothschilds in 1925, together with other foreign Anglo-American interests. Warburg was ousted from the board in 1938, out of fears his Jewish ethnicity would allow the company to be confiscated and seized as a "Jewish Company."<ref>http://thedailybell.com/2681/Max-Warburg</ref> (IG Farben was the German chemical firm that produced Zyklon B gas used in Nazi extermination camps). He then emigrated to the [[United States]] in 1938.
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.


==Personal life==
Warburg assisted in the formation of the "Hilfsverein der deutschen Juden" to create a central organization for the relief and emigration of Jews, and was also involved with the [[Reichsvertretung der Deutschen Juden]].
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>

==Family==
His brother [[Paul Warburg]] was the chief architect of the [[Federal Reserve Board]] in the [[United States]].

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]].


==See also==
==See also==
*[[Zyklon B]]
* [[Warburg family]]


==References==
==References==
{{Reflist}}
{{Reflist}}
*{{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 }}


==External Links==
==External links==
* {{PM20|FID=pe/018136}}
*[http://access.cjh.org/566513 Tribute to Max Warburg by Bernhard Kahn at the Annual Meeting of the Joint Distribution Committee (1947)]


{{Authority control|GND=118806173|LCCN=n/86/042675|VIAF=22937858}}
{{Authority control}}


{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. -->
| NAME = Warburg, Max
| ALTERNATIVE NAMES =
| SHORT DESCRIPTION =American-German banker
| DATE OF BIRTH = 5 June 1867
| PLACE OF BIRTH = [[Hamburg]], [[Germany]]
| DATE OF DEATH = 26 December 1946
| PLACE OF DEATH =
}}
{{DEFAULTSORT:Warburg, Max}}
{{DEFAULTSORT:Warburg, Max}}
[[Category:1867 births]]
[[Category:1867 births]]
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[[Category:American bankers]]
[[Category:American bankers]]
[[Category:German bankers]]
[[Category:German bankers]]
[[Category:Jewish bankers]]
⚫
[[Category:German Jews who emigrated to the United States to escape Nazism]]
[[Category:People from Hamburg]]
[[Category:Jews from Hamburg]]
⚫
[[Category:Jewish emigrants from Nazi Germany to the United States]]
[[Category:Warburg family|Max]]
[[Category:Warburg family|Max]]




{{Germany-business-bio-stub}}
{{Germany-business-bio-stub}}

[[da:Max Warburg]]
[[de:Max Warburg]]
[[fr:Max Warburg]]
[[he:מקס ורבורג]]
[[no:Max Warburg]]
[[ru:Варбург, Макс]]

Latest revision as of 15:56, 14 October 2024

Max Warburg
Max Warburg in 1904;
by Rudolf Dührkoop
Born
Max Moritz Warburg

(1867-06-05)June 5, 1867
Hamburg, Germany
DiedDecember 26, 1946(1946-12-26) (aged 79)
New York City
OccupationBanker
Spouse
Alice Magnus
​
(m. 1899)​
ChildrenEric 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]
  1. ^ a b c Chernow, Ron (1993). The Warburgs: The Twentieth Century Odyssey of a Remarkable Jewish Family. New York: Random House. ISBN 978-0525431831.
  2. ^ "Eric M. Warburg (1900–1990): Transatlantic commuter and mediator". transatlanticperspectives.org. Retrieved 2022-07-02.
[edit]


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