A Jewish man dressed as Mars, the Roman god of war, and decorated with symbols of money, stands in the doorway of a munitions store labeled “Marsheim Bellonaberg & Co.” and “Ordnance Dept.” A notice posted on the side states “War Loans a Speciality” and a sign reads “By Appointment to H.I.M. the Czar & Mikado – Cash Vobiscum.”
Comments and Context
Ehrhart’s cartoon smacks of anti-Semitism to contemporary eyes, but it uses the age-old stereotype of Jewish money-lenders as a stick with which to beat England and English banks. As Russia and Japan bled each other dry in their war, the English, as money-lenders to “the Czar and the Mikado” respectively, profited off both. The British made loans at high interest, and sold munitions similarly.
A dozen years later, the tables were turned when the United States and its banks of Morgan and other houses virtually financed the carnage of the Great War — all sides of the conflict, all parties. It was widely charged that such war profiteering, including windfalls of manufacturing, arms, and shipping, were reasons that American refrained from joining World War I as long as it did.