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The tradition of Europe was as E. Michael Jones describes: Jews were tolerated for commercial and religious reasons but were not allowed to have cultural influence. Jews were kept in ghettos to protect society from their corrosive effects, and to protect them from society’s justifiable indignation.
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If this were true then National Socialism wouldn't have even been necessary and we wouldn't be in the dire position that we are in today.
The truth is that "court jews" had a tremendous amount of cultural influence in Europe. 1688's Glorious Revolution in Britain was completely financed by international jewry, while in 1700 in Austria jews had "anti-semitic" literature banned and confiscated (read about it here:
http://www.vnnforum.com/showthread.php?t=81141).
These are just small examples. My blog posts (links in my sig) go into detail and they have very credible citations (eg. encyclopedias written and published by jews themselves).