Part of the Palgrave Studies in the History of Finance book series (PSHF)


The Russo-Japanese War marked a watershed for Japan. Jacob Schiff’s role was pivotal, yet it has largely gone unexamined. The war was a geopolitical event that fundamentally changed the country’s position in the world. In his overview of the history of Japan, Edwin Reischauer asserts that the country had ‘come close to collapse’ as a result of the war and that, in prevailing in the war, Japan had taken a major step to becoming ‘a true world power’. Reischauer does not mention Schiff. (Edwin O. Reischauer, Japan: The Story of a Nation (Tokyo: Charles E. Tuttle, 1981), p. 370.)


Gutwein Japanese Loans Japan Finance Sixth Great Power Jewish Motifs 
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© The Author(s) 2018

Authors and Affiliations

  1. 1.National Real Estate ForumBeverly HillsUSA

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