Fugger Banking House

The fugger family moved to the bustling german city in the mid 14th century and established a prosperous cloth trading business.

Fugger banking house.

Fugger family german mercantile and banking dynasty that dominated european business during the 15th and 16th centuries developed capitalistic economic concepts and influenced continental politics. Fugger bank in the oxford encyclopedia of economic history. By the 16th century the fugger family was one of the richest in. A bronze bust of fugger cast in 2007 is in the small fuggerei park near the bunker.

Quick reference the fugger family dates back to fourteenth century augsburg where they worked in the fustian business. It s a relaxing place to sit on a bench and people watch. The new chief an ambitious and talented businessman guided the company with a firm hand. Other research showed that jakob fugger spent the years between 1473 and 1487 mostly at the fondaco dei tedeschi the house of german merchants in venice.

Government interference in the marketplace was usually. This gained fugger still based in bavaria greater respect from the ruling class and added power to his promotion of a radical idea. Decline of the house at his death in 1525 jakob the rich bequeathed to his nephew anton fugger who had been destined for the succession since 1517 company assets totaling 2 032 652 guilders. In the following century they founded the merchant house handlung and entered with investments into.

With press information and image downloads. Venice being one of the most important centers of trade at the time proved to be an ideal environment for jakob fugger s education in banking and the metal trade. ˈfʊɡɐ is a german upper bourgeois family that was historically a prominent group of european bankers members of the fifteenth and sixteenth century mercantile patriciate of augsburg international mercantile bankers and venture capitalists.