Fugger Family
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Fugger Family
The House of Fugger () is a German family that was historically a prominent group of European bankers, members of the fifteenth- and sixteenth-century mercantile patrician (post-Roman Europe), patriciate of Augsburg, international mercantile bankers, and venture capitalists. Alongside the Welser, Welser family, the Fugger family controlled much of the European economy in the sixteenth century and accumulated enormous wealth. The Fuggers held a near monopoly on the European copper market. This banking family replaced the House of Medici, Medici family who influenced all of Europe during the Renaissance. The Fuggers took over many of the Medicis' assets and their political power and influence. They were closely affiliated with the House of Habsburg whose rise to world power they financed. Unlike the citizenry of their hometown and most other trading patricians of German free imperial city, free imperial cities, such as the Tucher von Simmelsdorf, Tuchers, they never converted to Lu ...
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Holy Roman Empire
The Holy Roman Empire, also known as the Holy Roman Empire of the German Nation after 1512, was a polity in Central and Western Europe, usually headed by the Holy Roman Emperor. It developed in the Early Middle Ages, and lasted for a millennium until its Dissolution of the Holy Roman Empire, dissolution in 1806 during the Napoleonic Wars. For most of its history the Empire comprised the entirety of the modern countries of Germany, Czechia, Austria, the Netherlands, Belgium, Switzerland, Slovenia, and Luxembourg, most of north-central Italy, and large parts of modern-day east France and west Poland. On 25 December 800, Pope Leo III crowned the Frankish king Charlemagne Roman emperor, reviving the title more than three centuries after the fall of the Western Roman Empire in 476. The title lapsed in 924, but was revived in 962 when Otto I, OttoI was crowned emperor by Pope John XII, as Charlemagne's and the Carolingian Empire's successor. From 962 until the 12th century, the empire ...
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Württemberg
Württemberg ( ; ) is a historical German territory roughly corresponding to the cultural and linguistic region of Swabia. The main town of the region is Stuttgart. Together with Baden and Province of Hohenzollern, Hohenzollern, two other historical territories, Württemberg now forms the Federal State of Baden-Württemberg. Württemberg was formerly also spelled Würtemberg and Wirtemberg Castle, Wirtemberg. History Originally part of the old Duchy of Swabia, its history can be summarized in the following periods: *County of Württemberg (1083–1495) *Duchy of Württemberg (1495–1803) *Electorate of Württemberg (1803–1806) *Kingdom of Württemberg (1806–1918) *Free People's State of Württemberg (1918–1945) After World War II, it was split into Württemberg-Baden and Württemberg-Hohenzollern owing to the different Allied Occupation Zones in Germany, occupation zones of the United States and France. Finally, in 1952, it was integrated into Baden-Württemberg. Stutt ...
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Copper
Copper is a chemical element; it has symbol Cu (from Latin ) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable, unalloyed metallic form. This means that copper is a native metal. This led to very early human use in several regions, from . Thousands of years later, it was the first metal to be smelted from sulfide ores, ; the first metal to be cast into a shape in a mold, ; and the first metal to be purposely alloyed with another metal, tin, to create bronze, ...
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Monopoly
A monopoly (from Greek language, Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic Competition (economics), competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge Monopoly price, overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market). A monopoly may als ...
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European Economy
The economy of Europe comprises about 748 million people in 50 countries. Throughout this article "Europe" and derivatives of the word are taken to include selected states whose territory is only partly in Europe, such as Turkey, Azerbaijan and Georgia, and states that are geographically in Asia, bordering Europe and culturally adherent to the continent, such as Armenia and Cyprus. There are differences in wealth across Europe which can be seen roughly along the former Cold War divide, with some countries breaching the divide (Greece, Portugal, Slovenia, the Czech Republic, Lithuania, Latvia and Estonia). Whilst most European states have a GDP per capita higher than the world's average and are very highly developed, some European economies, despite their position over the world's average in the Human Development Index, are relatively poor. Europe has total banking assets of more than $50 trillion; the United Kingdom accounts for 25% ($12 trillion) of Europe’s total b ...
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Welser
Welser was a German banking and merchant family, originally a patrician family based in Augsburg and Nuremberg, that rose to great prominence in international high finance in the 16th century as bankers to the Habsburgs and financiers of Charles V, Holy Roman Emperor. Along with the Fugger family, the Welser family controlled large sectors of the European economy, and accumulated enormous wealth through trade and the German colonization of the Americas, including slave trade. The family received colonial rights of the Province of Venezuela from Charles V, who was also King of Spain, in 1528, becoming owners and rulers of the South American colony of Klein-Venedig (within modern Venezuela), but were deprived of their rule in 1546. Philippine Welser (1527–1580), famed for both her learning and her beauty, was married to Archduke Ferdinand, Emperor Ferdinand I's son. Claiming descent from the Byzantine general Belisarius, the family is known since the 13th century. By the ...
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Patrician (post-Roman Europe)
Patricianship, the quality of belonging to a patriciate, began in the ancient world, where cities such as Ancient Rome had a social class of Patrician (ancient Rome), patrician families, whose members were initially the only people allowed to exercise many political functions. In the rise of European towns in the 12th and 13th centuries, the patriciate, a limited group of families with a special constitutional position, in Henri Pirenne's view, was the motive force. In 19th century Central Europe, the term had become synonymous with the upper Bourgeoisie and cannot be interchanged with the Middle Ages, medieval patriciate in Central Europe. In the maritime republics of the Italian Peninsula as well as in Geographical distribution of German speakers#Europe, German-speaking parts of Europe, the patricians were as a matter of fact the ruling body of the medieval town. Particularly in Italy, they were part of the nobility. With the establishment of the medieval towns, Italian city-s ...
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Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ...
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Augsburg
Augsburg ( , ; ; ) is a city in the Bavaria, Bavarian part of Swabia, Germany, around west of the Bavarian capital Munich. It is a College town, university town and the regional seat of the Swabia (administrative region), Swabia with a well preserved Altstadt (historical city centre). Augsburg is an Urban districts of Germany, urban district and home to the institutions of the Augsburg (district), Landkreis Augsburg. It is the List of cities in Bavaria by population, third-largest city in Bavaria (after Munich and Nuremberg), with a population of 304,000 and 885,000 in its metropolitan area. After Neuss, Trier, Worms, Germany, Worms, Cologne and Xanten, Augsburg is one of Germany's oldest cities, founded in 15 BC by the Romans as Augsburg#Early history, Augusta Vindelicorum and named after the Roman emperor Augustus. It was a Free Imperial City from 1276 to 1803 and the home of the patrician (post-Roman Europe), patrician Fugger and Welser families that dominated European ban ...
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Bavaria
Bavaria, officially the Free State of Bavaria, is a States of Germany, state in the southeast of Germany. With an area of , it is the list of German states by area, largest German state by land area, comprising approximately 1/5 of the total land area of Germany, and with over 13.08 million inhabitants, it is the list of German states by population, second most populous German state, behind only North Rhine-Westphalia; however, due to its large land area, its population density is list of German states by population density, below the German average. Major cities include Munich (its capital and List of cities in Bavaria by population, largest city, which is also the list of cities in Germany by population, third largest city in Germany), Nuremberg, and Augsburg. The history of Bavaria includes its earliest settlement by Iron Age Celts, Celtic tribes, followed by the conquests of the Roman Empire in the 1st century BC, when the territory was incorporated into the provinces of Ra ...
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