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.