Skip to main content

Cassel, Sir Ernest Joseph

CASSEL, SIR ERNEST JOSEPH

CASSEL, SIR ERNEST JOSEPH (1852–1921), British financier. Cassel, a banker's son, was born in Cologne. As a boy, he began to work at the Eltzbacher bank. At 16, he went to England where he became a clerk for a Liverpool grain dealer. He subsequently joined the London banking firm of *Bischoffsheim and Goldschmidt where he showed his ability by solving the firm's problems in Sweden, Turkey, and Latin America. After his success in this enterprise Cassel became an independent financier and an international banking figure. His operations included: the financing of foreign governments such as China, Morocco, and Latin American countries; the formation of the National Bank of Egypt; construction of the first Aswan Dam; the consolidation of Vickers-Armstrong, Britain's leading arms manufacturers; and national and international railroad construction. He was made a baronet for his services to Egypt. Cassel was closely associated with King Edward vii, both as financial adviser and intimate friend. During World War i an unsuccessful attempt was made to remove him from the privy council because of his German descent. His philanthropic contributions, mainly to British causes, were estimated at several million sterling, and he left over £7 million at his death, probably the largest fortune ever left by a British Jew up to then. In 1878 Cassel married Annette Maxwell, and his granddaughter, Edwina (1901–1960), who inherited most of his wealth, married Earl Mountbatten of Burma (d. 1979), the uncle of Queen Elizabeth ii. Cassel died a Roman Catholic.

bibliography:

K. Grunwald, in: ylbi, 14 (1969), 119–61. add. bibliography: P. Thane, "Financiers and the British State: The Case of Sir Ernest Cassel," Business History 28 (1986), 80–99; odnb online; dbb, I, 604–14.

[Joachim O. Ronall]

Cite this article
Pick a style below, and copy the text for your bibliography.

  • MLA
  • Chicago
  • APA

"Cassel, Sir Ernest Joseph." Encyclopaedia Judaica. . Encyclopedia.com. 12 Nov. 2018 <https://www.encyclopedia.com>.

"Cassel, Sir Ernest Joseph." Encyclopaedia Judaica. . Encyclopedia.com. (November 12, 2018). https://www.encyclopedia.com/religion/encyclopedias-almanacs-transcripts-and-maps/cassel-sir-ernest-joseph

"Cassel, Sir Ernest Joseph." Encyclopaedia Judaica. . Retrieved November 12, 2018 from Encyclopedia.com: https://www.encyclopedia.com/religion/encyclopedias-almanacs-transcripts-and-maps/cassel-sir-ernest-joseph

Learn more about citation styles

Citation styles

Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA).

Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Then, copy and paste the text into your bibliography or works cited list.

Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites:

Modern Language Association

http://www.mla.org/style

The Chicago Manual of Style

http://www.chicagomanualofstyle.org/tools_citationguide.html

American Psychological Association

http://apastyle.apa.org/

Notes:
  • Most online reference entries and articles do not have page numbers. Therefore, that information is unavailable for most Encyclopedia.com content. However, the date of retrieval is often important. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates.
  • In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list.