And here it may be noted that the misfortunes of the Jews in any country never begin until their financial position is shaken. As long as they are the financial masters of the Government they are protected; but woe to them when they begin to lose their financial power! Then there is no longer any reason for supporting them either on the part of the governing classes in general or of the Executive in particular. Popular passion is let loose and disaster follows.
At any rate, the thirteenth century saw in England a rapid decline of Jewish financial power and at the same time a rapid rise of official animosity towards them. They got poorer and poorer as the century proceeded. Their activities were at the same time more and more restricted. They had lent money largely upon land and yet, in the public interest, were at last forbidden to foreclose upon it. The final step came when their special licence to practise usury was withdrawn by Edward I in the earlier part of his reign; and at last, in 1290, after increasing severities, they were all expelled the country under penalty of death.
The unhappy people, already reduced by two generations of falling fortune, were hurried out of the country, carrying, by permission, their money and movables. They were protected, indeed, at the ports by the royal officers, who even paid the passage of the indigent among them; but they were plundered at sea and some even murdered. The murderers were punished, but the memory of the persecution remained in the Jews' mind and England became a natural object of their hate. The Jewish community expelled by the English was surprisingly small, not 17,000, and suggests the historical truth that in the Middle Ages, and indeed until quite modern times, the Jewish community in Northern France and England was a community of people in the main well-to-do. It so remained until quite modern times.
There followed three and a half centuries and more during which England was the one example in Europe of a State that would not tolerate the Jews upon any terms whatsoever. There certainly remained throughout this time, or at any rate visited the island, not a few of what the Jews themselves called "Crypto-Jews," that is, Jews who outwardly deny their nationality and practise our religion for the purpose of private gain. These, when they could defeat the law successfully, remained within the British seas. But their effect was slight; and the English people during the whole of their great military advance in France, during the whole period when their language and culture was forming, during the whole great national episode of the Tudors and of the Reformation, formed the one great exception out of all Europe in that the Jew remained unknown to them and was rigorously excluded from their Commonwealth.
They returned, as everybody knows, under Cromwell. Their numbers, and still more their wealth, increased at the end of the seventeenth century and concomitantly with this, partly as an effect of it (but here we must not exaggerate), a number of novel financial features appeared in the English State each of which shows the increased power of the Jews. The institution of the Bank, of the National Debt, of speculation in Exchange and in the fluctuation of stock.
But the real causes of that alliance between the English and the Jews which is seen in the late seventeenth century, which quickened throughout the eighteenth and became so very marked in the nineteenth century, was the cosmopolitan position of England as the leading commercial State. This it was which led to something like identity between the interests of Israel and the interests of Britain, an identity which has lasted so long that now, when divergence is beginning to appear, it still seems odd and novel to the older generation that there should be any Jewish action which is not favourable to England. They cannot understand what the new indifference to Jewish interests, let alone the new hostility to them, can mean.
There were, of course, many other causes contributory to the peculiar position which the Jew came to enjoy in modern England, a position which he has not yet lost in external circumstance, though it is so badly shaken morally. There was the fact that England was the Protestant power of the West.
This religious motive played a great part. Between the Catholic Church and the Synagogue there had been hostility from the first century. In so far as it was possible to take sides in that quarrel it was natural for the Protestant power to take sides against the Catholic tradition and therefore in favour of the Jews. Again, the English were not only Protestant, their middle classes were steeped in the reading of the Old Testament. The Jews seemed to them the heroes of an epic and the shrines of a religion. You will find strong relics of this attitude in Provincial England to this day. One should add a certain national distaste for violence, which feeling was exasperated by hearing of the Jewish persecution abroad. One should also further add the pride which modern Englishmen take in the feeling that their country is an asylum for the oppressed.
Meanwhile there was not, until quite lately, any considerable body of poor Jews in the country to excite the animosity of the populace. That was an important negative factor in bringing the Jew within the boundaries of the English State. But with all these factors fully considered, it remains true that the main cause of the accidental Jewish position in England was the cosmopolitan character of English commerce and the essentially commercial character of the English State. As English export and English shipping began to cover the globe, the English financial system covered it as well. London became after Waterloo the money market and the clearing house of the world. The interests of the Jew as a financial dealer and the interests of this great commercial polity approximated more and more. One may say that by the last third of the nineteenth century they had become virtually identical.
Every new economic enterprise of the British State appealed to the Jewish genius for commerce and especially for negotiation in its most abstract form—finance. Conversely, every Jewish enterprise, every new conception of the Jew in his cosmopolitan activities (until these became revolutionary) appealed to the English merchant and banker.