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Schinderling
''Schinderling'' was a popular name for the pfennigs with a sharply decreased content of fine silver from the time around 1457 to 1460, which were in circulation mostly in the region of Inner Austria. History The cause of the decrease in silver content were the probate disputes between Emperor Frederick III and the master of his mint in Graz, Balthasar Eggenberger. As an independent entrepreneur, Balthasar was doing business at his own risk and his profit margin was based on the ratio of the value of the actual silver content of the coins against their value as currency. When the emperor increased the fees for the minting lease or raised taxes to pay debts, merchants had to pass that cost on by increasing prices or, as in the mint master's case, decreasing the actual amount of silver in the coinage thereby lowering the production cost of the coins against their value as currency. According to Austrian chronicler and contemporary of Balthasar's: "The emperor allowed bad coins to be ...
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Pfennig
The 'pfennig' (; . 'pfennigs' or ; symbol pf or ₰) or penny is a former German coin or note, which was the official currency from the 9th century until the introduction of the euro in 2002. While a valuable coin during the Middle Ages, it lost its value through the years and was the minor coin of the Mark currencies in the German Reich, West and East Germany, and the reunified Germany until the introduction of the euro. Pfennig was also the name of the subunit of the Danzig mark (1922–1923) and the Danzig gulden (1923–1939) in the Free City of Danzig (modern Gdańsk, Poland). Overview Name The word ''Pfennig'' (replacing the ''denarius'' or ''denarius'' as a low-denomination silver coin) can be traced back to the 8th century and also became known as the ''Penning'', ''Panni(n)g '', ''Pfenni(n)c'', ''Pfending'' and by other names, e.g. in Prussia until 1873, ''Pfenning''. The ''-ing''- or ''-inc'' suffix was used, in addition to ''-ung'', the formation o ...
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Balthasar Eggenberger
Balthasar Eggenberger (died 1493), was an Austrian entrepreneur in the early days of mercantilism. He was master of the imperial mint at Graz in the Duchy of Styria and financier to Frederick III, Holy Roman Emperor. He was a man cut of the same cloth as the likes of the Burgundian chancellor Nicolas Rolin, French merchant Jacques Coeur and the Medici of Italy, whose cunning, ambition and skills allowed them to advance into the ranks of the nobility from mere common ancestry in the late Middle Ages and early modern era. His activities laid an important foundation stone for the ascension of the House of Eggenberg. Biography The exact date of birth of Balthasar Eggenberger has been lost but he was born the son of Ulrich Eggenberger sometime in the early to mid-15th century. Like most successful men of the era, Balthasar displayed the contrary character of being, on the one hand, an unscrupulous and ambitious merchant, while on the other, being extremely pious. In 1451, to help ...
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Inner Austria
Inner Austria (german: Innerösterreich; sl, Notranja Avstrija; it, Austria Interiore) was a term used from the late 14th to the early 17th century for the Habsburg hereditary lands south of the Semmering Pass, referring to the Imperial duchies of Styria, Carinthia and Carniola and the lands of the Austrian Littoral. The residence of the Inner Austrian archdukes and stadtholders was at the ''Burg'' castle complex in Graz. Geography The Inner Austrian territory stretched from the northern border with the Archduchy of Austria on the Alpine divide over Upper and Lower Styria down to Carniola, where the Lower and White Carniolan lands (the former Windic March) bordered on the Habsburg Kingdom of Croatia. In the west, the Carinthian lands stretched to the Archbishopric of Salzburg and the Habsburg County of Tyrol, while in the east, the Mur River formed the border with the Kingdom of Hungary. In the south, the County of Görz, which had passed to the House of Habsburg in 150 ...
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Frederick III, Holy Roman Emperor
Frederick III ( German: ''Friedrich III,'' 21 September 1415 – 19 August 1493) was Holy Roman Emperor from 1452 until his death. He was the fourth king and first emperor of the House of Habsburg. He was the penultimate emperor to be crowned by the pope, and the last to be crowned in Rome. Prior to his imperial coronation, he was duke of the Inner Austrian lands of Styria, Carinthia and Carniola from 1424, and also acted as regent over the Duchy of Austria from 1439. He was elected and crowned King of Germany in 1440. His reign of 53 years is the longest in the history of the Holy Roman Empire or the German Monarchy. Upon his death in 1493 he was succeeded by his son Maximilian I. During his reign, Frederick concentrated on re-uniting the Habsburg "hereditary lands" of Austria and took a lesser interest in Imperial affairs. Nevertheless, by his dynastic entitlement to Hungary as well as by the Burgundian inheritance, he laid the foundations for the later Habsburg ...
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Graz
Graz (; sl, Gradec) is the capital city of the Austrian state of Styria and second-largest city in Austria after Vienna. As of 1 January 2021, it had a population of 331,562 (294,236 of whom had principal-residence status). In 2018, the population of the Graz larger urban zone (LUZ) stood at 652,654, based on principal-residence status. Graz is known as a college and university city, with four colleges and four universities. Combined, the city is home to more than 60,000 students. Its historic centre (''Altstadt'') is one of the best-preserved city centres in Central Europe. In 1999, the city's historic centre was added to the UNESCO list of World Heritage Sites and in 2010 the designation was expanded to include Eggenberg Palace (german: Schloss Eggenberg) on the western edge of the city. Graz was designated the Cultural Capital of Europe in 2003 and became a City of Culinary Delights in 2008. Etymology The name of the city, Graz, formerly spelled Gratz, most likely st ...
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Duchy Of Carinthia
The Duchy of Carinthia (german: Herzogtum Kärnten; sl, Vojvodina Koroška) was a duchy located in southern Austria and parts of northern Slovenia. It was separated from the Duchy of Bavaria in 976, and was the first newly created Imperial State after the original German stem duchies. Carinthia remained a State of the Holy Roman Empire until its dissolution in 1806, though from 1335 it was ruled within the Austrian dominions of the Habsburg dynasty. A constituent part of the Habsburg monarchy and of the Austrian Empire, it remained a Cisleithanian crown land of Austria-Hungary until 1918. By the Carinthian Plebiscite in October 1920, the main area of the duchy formed the Austrian state of Carinthia. History In the seventh century the area was part of the Slavic principality of Carantania, which fell under the suzerainty of Duke Odilo of Bavaria in about 743. The Bavarian stem duchy was incorporated into the Carolingian Empire when Charlemagne deposed Odilo's son Duke ...
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Venice
Venice ( ; it, Venezia ; vec, Venesia or ) is a city in northeastern Italy and the capital of the Veneto region. It is built on a group of 118 small islands that are separated by canals and linked by over 400 bridges. The islands are in the shallow Venetian Lagoon, an enclosed bay lying between the mouths of the Po and the Piave rivers (more exactly between the Brenta and the Sile). In 2020, around 258,685 people resided in greater Venice or the ''Comune di Venezia'', of whom around 55,000 live in the historical island city of Venice (''centro storico'') and the rest on the mainland (''terraferma''). Together with the cities of Padua and Treviso, Venice is included in the Padua-Treviso-Venice Metropolitan Area (PATREVE), which is considered a statistical metropolitan area, with a total population of 2.6 million. The name is derived from the ancient Veneti people who inhabited the region by the 10th century BC. The city was historica ...
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Modern History
The term modern period or modern era (sometimes also called modern history or modern times) is the period of history that succeeds the Middle Ages (which ended approximately 1500 AD). This terminology is a historical periodization that is applied primarily to European and Western history. The modern era can be further divided as follows: * The early modern period lasted from c. AD 1500 to 1800 and resulted in wide-ranging intellectual, political and economic change. It brought with it the Age of Enlightenment, the Industrial Revolution and an Age of Revolutions, beginning with those in America and France and later spreading in other countries, partly as a result of upheavals of the Napoleonic Wars. * The late modern period began around 1800 with the end of the political revolutions in the late 18th century and involved the transition from a world dominated by imperial and colonial powers into one of nations and nationhood following the two great world wars, World War I ...
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Tipper And See-Saw Time
''Kipper und Wipper'' (german: Kipper- und Wipperzeit, literally "Tipper and See-saw time") was a financial crisis during the start of the Thirty Years' War (1618–1648).Kipper und Wipper'. Rogue Traders, Rogue Princes, Rogue Bishops and the German Financial Meltdown of 1621–23"
Mike Dash, ''Smithsonian'', March 29, 2012
Starting around 1621, city-states in the began to heavily debase curr ...
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Ephraimiten
An Ephraimite (German Ephraimit, plural Ephraimiten) was a debased coin part of whose silver content was replaced with copper. Ephraimites, as they came to be called, were issued under the authority of Frederick the Great of Prussia in the Duchy of Saxony and the Kingdom of Prussia from 1756 till 1763 during the Seven Years' War. The coins were spread by merchants and soldiers in Silesia, Bohemia, Poland and Courland and traded as if they were of official silver content. In return higher value foreign coins would be received, which could be used to pay the costs of army supply. By the end of 1762 Frederick the Great abandoned this policy. After the war the traditional content standards were restored. Financing the cost of war Frederic the Great used Ephraimites to finance the Seven Years' War. He debased the currency five times. By producing and issuing such coins of low value the royal treasury could make a considerable profit. This was mainly the task of the banker and court ...
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Numismatics
Numismatics is the study or collection of currency, including coins, tokens, paper money, medals and related objects. Specialists, known as numismatists, are often characterized as students or collectors of coins, but the discipline also includes the broader study of money and other means of payment used to resolve debts and exchange goods. The earliest forms of money used by people are categorised by collectors as "Odd and Curious", but the use of other goods in barter exchange is excluded, even where used as a circulating currency (e.g., cigarettes or instant noodles in prison). As an example, the Kyrgyz people used horses as the principal currency unit, and gave small change in lambskins; the lambskins may be suitable for numismatic study, but the horses are not. Many objects have been used for centuries, such as cowry shells, precious metals, cocoa beans, large stones, and gems. Etymology First attested in English 1829, the word ''numismatics'' comes from the adje ...
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Medieval Economics
In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralized authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—most recently part of the Eastern ...
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