Creation of Israel, 1948: Full interview of Jacob Rothschild discusses how his family created Israel – VOP Today News
Throughout 1947, the United Nations Special Commission on Palestine examined the Palestinian question and recommended the partition of Palestine into a Jewish and an Arab state. On November 29, 1947 the United Nations adopted Resolution 181 (also known as the Partition Resolution) that would divide Great Britain’s former Palestinian mandate into Jewish and Arab states in May 1948 when the British mandate was scheduled to end.
Under the resolution, the area of religious significance surrounding Jerusalem would remain a corpus separatum under international control administered by the United Nations.
Although the United States backed Resolution 181, the U.S. Department of State recommended the creation of a United Nations trusteeship with limits on Jewish immigration and a division of Palestine into separate Jewish and Arab provinces but not states.
The State Department, concerned about the possibility of an increasing Soviet role in the Arab world and the potential for restriction by Arab oil producing nations of oil supplies to the United States, advised against U.S. intervention on behalf of the Jews.
Later, as the date for British departure from Palestine drew near, the Department of State grew concerned about the possibility of an all-out war in Palestine as Arab states threatened to attack almost as soon as the UN passed the partition resolution.
Despite growing conflict between Palestinian Arabs and Palestinian Jews and despite the Department of State’s endorsement of a trusteeship, Truman ultimately decided to recognize the state Israel.
— Video Lord Rothschild Discusses How His Family Created Israel
– Jacob Rothschild, 4th Baron Rothschild –
Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild, is a British investment banker and a member of the prominent Rothschild banking family. He is also Honorary President of the Institute for Jewish Policy Research.
Born in 1936, he is the eldest son of Victor Rothschild, 3rd Baron Rothschildby his first wife Barbara Judith Rothschild (née Hutchinson). His father was born into a Jewishfamily, while his mother converted to Orthodox Judaism when they married. Rothschild was educated at Eton College and then at Christ Church, Oxford, where he gained a First in history, tutored by Hugh Trevor-Roper.
From 1963 Rothschild worked for the family bank N M Rothschild & Sons in London, before resigning in 1980 due to a family dispute. The chairmanship of the bank had passed from his father, who had chosen to follow a scientific career and had lost control of the majority voting shares, to his cousin Sir Evelyn Robert de Rothschild, and Jacob felt that his aspirations would be thwarted. He sold his minority stake in the bank, but took independent control of Rothschild Investment Trust (now RIT Capital Partners plc), an investment trust listed on the London Stock Exchange.
After resigning from the bank in 1980, Jacob Rothschild went on to found J. Rothschild Assurance Group (now St. James’s Place plc) with Sir Mark Weinberg in 1991. In 1989, he joined forces with Sir James Goldsmith and Kerry Packer, in an unsuccessful bid for British American Tobacco.
Rothschild is Chairman of RIT Capital Partners plc, one of the largest investment trusts quoted on the London Stock Exchange with a net asset value of about £2 billion. He is Chairman of J Rothschild Capital Management, a subsidiary of RIT Capital Partners plc. He is also a Member of the Council for the Duchy of Cornwall for HRH The Prince of Wales and a member of the International Advisory Board of The Blackstone Group. He also retains many other venture capital and property interests.
From November 2003 until his retirement in 2008, he was Deputy Chairman of BSkyB Television and until 2008 he was a Director of RHJ International.