Government loan monopolies transformed scattered Jewish wealth into organized transnational cohesion

Evidence

It was precisely the Rothschilds’ monopoly on the issuance of government loans which made it possible and necessary to draw on Jewish capital at large, to direct a great percentage of Jewish wealth into the channels of state business, and which thereby provided the natural basis for a new inter-European cohesiveness of Central and Western European Jewry. What in the seventeenth and eighteenth centuries had been an unorganized connection among individual Jews of different countries, now became the more systematic disposition of these scattered opportunities by a single firm, physically present in all important European capitals, in constant contact with all sections of the Jewish people, and in complete possession of all pertinent information and all opportunities for organization. — Hannah Arendt, The Origins of Totalitarianism, 120

Categorization

• XREF: This is the material basis Arendt will later associate with the alleged Jewish ‘international conspiracy’ — connects to the imagined-community and race-thinking concepts in the toolkit.
• SEED: Angle: how economic function creates the appearance of intentional group solidarity that antisemites then read as conspiracy.