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Havish Gupta

Stealth • 9m

Unique Startup Stories (4/20) Imagine a family that controls a whole continent and you don't even know about it. Meet Wellenberg Family. So after the end of the depression of 1837, the whole European economy was booming. But the banks at that time d

Anonymous 3

Stealth • 9m

Bad?? I think situation turned more into their favour!! Awesome insights btw. I had no idea about them.

1 replies4 likes

Replies (1)

Havish Gupta

Stealth • 9m

The situation didn't turn into his favour. He did what others didn't. He was a military general and observed the depression closely so he knew that thiese industrialists need loan so that's why he started his bank. Others Bank didn't did anything, they wer happy by charging customer money for keeping their money. He also had to face regulation later but he found loopwholes and escaped from it. I didn't civer that due to Word limit

0 replies1 like

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