Events

In the late 18th century, the Sassoon family served as treasurers to the Pasha of Baghdad, who was subservient to the Turkish Sultan of the Ottoman Empire. Originally from Iraq and Jewish, the Sassoons amassed wealth through Middle Eastern trade and global investments. They expanded their operations with major offices in Bombay, Hong Kong, and Shanghai. During the 19th century, they traded opium and diversified into shipping and finance in London. David Sassoon founded the dynasty primarily as traders with control over several large banks. His son, Joseph, added cotton, textiles, silks, spices, and metals to their repertoire. Rivaling them were the Kadoories, also Baghdad-born international traders. Both families influenced the opening of modern China to the West, preceding Nixon's efforts. They constructed synagogues and hotels, including the still-standing Peace Hotel in Shanghai. In this one-time lecture, Kahn will explore key elements in the rise and fall of both families. This event is also available virtually.