22 July 1823|
"Mainz, "Grand Duchy of Hesse
|Died||14 March 1899(aged 75)|
When the "revolution of 1848 broke out Bamberger took an active part as one of the leaders of the republican party in his native city, both as a popular orator and as editor of the Mainzer Zeitung newspaper. In 1849 he took part in the republican uprising in the "Palatinate and "Baden; on the restoration of order he was condemned to death, but by then with other leading revolutionaries like "Germain Metternich, "Louis Blenker, and "Franz Zitz he had escaped to "Switzerland. The next years he spent in exile, at first in "London, then in the "Netherlands; in 1852 he went to "Paris, where, by means of private connections to the "Bischoffsheim family, he received an appointment in the bank of Bischoffsheim, Goldschmidt & Cie, of which he became managing director, a post which he held till 1866. During these years he saved a competence and gained a thorough acquaintance with the theory and practice of finance. This he put to account when the amnesty of 1866 enabled him to return to "Germany.
He was elected a member of the "Reichstag, where he joined the "National Liberal Party, for, like many other exiles, he was willing to accept the results of "Otto von Bismarck’s work. Bamberger represented the electoral district of "Bingen-"Alzey and married Anna Belmont, a relative of the famous banker "August Belmont, who had emigrated to the "United States. In 1868 he published a short life of Bismarck in French, with the object of producing a better understanding of German affairs, and in 1870, owing to their intimate acquaintance with France and with finance, he and "Gerson Bleichröder were summoned by Bismarck to "Versailles to help in the discussion of terms of peace.
In the German Reichstag he was the leading authority on matters of finance and economics, as well as a clear and persuasive speaker, and it was chiefly owing to him that a gold currency was adopted and that the "Reichsbank took form; in his later years he wrote and spoke strongly against "bimetallism. He was the leader of the "free traders, and after 1878 refused to follow Bismarck in his new policy of protection, state socialism and colonial development. On account of his opposition to Bismarck's economic policy, he left the National Liberal Party and joined the “"Secessionists” which later merged into the "German Free-minded Party. He was also a founder of the Verein zur Förderung der Handelsfreiheit (Group for the Promotion of Free Trade).
Bamberger was a clear and attractive writer and was a frequent contributor on political and economic questions to the Nation and other periodicals. Among his noted publications—which include works on the currency, on the French war indemnity, his criticism of socialism and his apology for the "Secession—are: