A spectacular generational saga of the making (and undoing) of a family dynasty: the riveting untold story of the gilded Jewish Bagdadi Sassoons, who built a vast empire through global finance and trade—cotton, opium, shipping, banking—that reached across three continents and ultimately changed the destinies of nations. With full access to rare family photographs and archives.

The influential merchants of the nineteenth and early twentieth centuries shaped the globalization of today. The Sassoons, a Baghdadi-Jewish trading family, built a global trading enterprise by taking advantage of major historical developments during the nineteenth century. Their story is not just one of an Arab Jewish family that settled in India, traded in China, and aspired to be British. It also presents an extraordinary vista into the world in which they lived and prospered economically, politically, and socially.

The book is not only about their rise, but also about their decline: why it happened, how political and economic changes after the First World War adversely affected them, and finally, how realizing their aspirations to reach the upper echelons of British society led to their disengagement from business and prevented them from adapting to the new economic and political world order.

Joseph Sassoon is Professor of History and Political Economy at Georgetown's Center for Contemporary Arab Studies and holds the al-Sabah Chair in Politics and Political Economy of the Arab World. He is also a Senior Associate Member at St Antony’s College, Oxford, where he also completed his PhD. Professor Sassoon, whose research focuses on political economy, economic history, Iraq, Iraqi refugees, and authoritarianism, has published extensively and is the author of five books. His most recent book, The Sassoons: The Great Global Merchants and the Making of an Empire, was published in the United States by Pantheon Books (2022) and in the UK by Allen Lane under the title The Global Merchants: The Enterprise and Extravagance of the Sassoon Dynasty (2022).

The Washington History Seminar is co-chaired by Eric Arnesen (George Washington University) and Christian Ostermann (Woodrow Wilson Center) and is organized jointly by the American Historical Association and the Woodrow Wilson Center's History and Public Policy Program. It meets weekly during the academic year. The seminar thanks its anonymous individual donors and institutional partner (the George Washington University History Department) for their continued support.