Napoleonic Trivia #103 (1 Viewer)

[Grognard]

Since this is the year of Waterloo bicentennial, I thought this one would be apropos...A German made a fortune the day of the allies' victory of Waterloo using a cleaver system. Who was he and how did he do it?

 

[Mirof]

Nathan Rotschild had a webb of spy
According to the result of the battle, the Englissh pound would drop or rise
He received early rapport, and begin to sell big amount of £ in London, creating a panic, lot of peoples begin to sell and the £ value dropped rapidly . Then he bought at low level before any official news came in about the battle
When the success of the battle was known, the £ rised and rised, giving him a large profit

Best

 

[Grognard]

Nathan Rotschild had a webb of spy
According to the result of the battle, the Englissh pound would drop or rise
He received early rapport, and begin to sell big amount of £ in London, creating a panic, lot of peoples begin to sell and the £ value dropped rapidly . Then he bought at low level before any official news came in about the battle
When the success of the battle was known, the £ rised and rised, giving him a large profit

Best

Well done Mirof! This indeed the correct answer. Nathan Mayer Rothschild was indeed the man (or German :wink2. He was based in London and used in fact his well informed network of spies to get the scoop on Waterloo battle outcome to play the London Stock Exchange to his advantage. More on this interesting story on:
http://thecounterpunch.hubpages.com/hub/Nathan_Rotschild_and_the_Battle_Of_Waterloo