The idea that Jews are innately good with money is among the oldest Jewish stereotypes, one that continues to impact perceptions of Jews today. While the notion that Jews control the world economy or banking system is an obvious canard, it is true that Jews have long been well represented in the fields of finance and business. But this wasn’t simply because of their Jewishness and instead, for the fact that Jews were barred from doing much else.
The roots of antisemitism can be found all throughout ancient history. While antisemitism existed prior to Christianity, it increased considerably following the rise of Christianity in Europe.
Christianity became the dominant religion in Europe, and various laws were introduced that discriminated against the Jews. These laws limited Jews’ freedom. They stretched into almost every area of Jewish life, including work.
Jews were not allowed to own land, and often confined to ghettos, and therefore could not become farmers. Jews were also banned from joining Christian Guilds , and so as more and more craftsmen formed guilds, the choice of work for Jews was dramatically reduced.
Christians were banned from banking and money lending as it went against their faith, so it was one of the only jobs a Jew could have. Many turned to trading, which was also a job that included the handling of money. The historian Howard Sachar has estimated that in the 18th century, "perhaps as many as three-fourths of the Jews in Central and Western Europe were limited to the precarious occupations of retail peddling, hawking, and street banking."
This lead to a stereotype that Jewish people were greedy and sinful. In modern times, there are still conspiracies about Jews running the banking field, when in reality this just stems from these medevil stereotypes.
Jewish business and financial success has more often than not been a major driver of antiSemitism, often referred to as economic antisemitism. Supposed Jewish control of the global financial system was a major theme in Hitler’s war against European Jews, Father Coughlin’s antiSemitic rants in the United States, and the czarist forgery The Protocols of the Elders of Zion.
Seeing it's detrimental affects on Jews, this is a very harmful stereotype to push. It is important to recognise the origin of it and speak up for Jews.