IIJS Prof. Rebecca Kobrin discusses her recent book, Credit to the Nation: Eastern European Jewish Immigrant Bankers and the Shaping of American Finance, with Columbia News.
In her new book, Prof. Rebecca Kobrin traces the novel practices of bankers who not only enabled the flourishing of American Jewry but also revolutionized the US financial industry. Drawing on previously unexamined archival materials in Russian, Yiddish, German, and English, Kobrin tells a story that is also crucial to the history of New York, as immigrant bankers’ financing of real estate transformed wide swathes of the city.
“These forgotten East European Jewish immigrant bankers were a twofold credit to the nation: Through their offers of credit, they made it possible for thousands to make it to America, and then make it in America by offering uncollateralized loans.”
Read the full Columbia News article here.
