Jakob Fugger in the context of "Augsburg"

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⭐ Core Definition: Jakob Fugger

Jakob Fugger of the Lily (German: Jakob Fugger von der Lilie; 6 March 1459 – 30 December 1525), also known as Jakob Fugger the Rich or sometimes Jakob II, was a major German merchant, mining entrepreneur, and banker. He was a descendant of the Fugger merchant family located in the Free Imperial City of Augsburg. He was born and later also elevated through marriage to Grand Burgher of Augsburg (Großbürger zu Augsburg). Within a few decades, he expanded the family firm to a business operating in all of Europe. He began his education at the age of 14 in Venice, which also remained his main residence until 1487. At the same time, he was a cleric and held several prebends. American journalist Greg Steinmetz has estimated his overall wealth to be around $400 billion adjusted to 2015, equivalent to 2% of the GDP of Europe at that time.

The foundation of the family's wealth was created mainly by the textile trade with Italy. The company grew rapidly after the brothers Ulrich, Georg and Jakob began banking transactions with the House of Habsburg as well as the Roman Curia, and at the same time began mining operations in Tyrol, and from 1493 on the extraction of silver, and copper in the kingdoms of Bohemia and Hungary. As of 1525 they also had the right to mine quicksilver and cinnabar in Almadén.

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👉 Jakob Fugger in the context of Augsburg

Augsburg (UK: /ˈɡzbɜːrɡ/ OWGZ-burg, also US: /ˈɔːɡz-/ AWGZ-; German: [ˈaʊksbʊʁk] ; Swabian German: Ougschburg) is a city in the Bavarian part of Swabia, Germany, around 50 kilometres (31 mi) west of the Bavarian capital Munich. It is a university town and the regional seat of the Regierungsbezirk Swabia with a well-preserved Altstadt (historical city centre). Augsburg is an urban district and home to the institutions of the Landkreis Augsburg. It is the 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, Cologne and Xanten, Augsburg is one of Germany's oldest cities, founded in 15 BC by the Romans as 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 Fugger and Welser families that dominated European banking in the 16th century. According to Behringer, in the sixteenth century it became "the dominant centre of early capitalism", having benefited from being part of the Kaiserliche Reichspost system as "the location of the most important post office within the Holy Roman Empire" and the city's close connection to Maximilian I. The city played a leading role in the Reformation as the site of the 1530 Augsburg Confession and the 1555 Peace of Augsburg. The Fuggerei, the oldest social housing complex in the world, was founded in 1513 by Jakob Fugger.

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Jakob Fugger in the context of Ferdinand I, Holy Roman Emperor

Ferdinand I (10 March 1503 – 25 July 1564) was Holy Roman Emperor from 1556, King of Bohemia, Hungary, and Croatia from 1526, and Archduke of Austria from 1521 until his death in 1564. Before his accession as emperor, he ruled the Austrian hereditary lands of the House of Habsburg in the name of his elder brother, Emperor Charles V, and often served as Charles' representative in developing encouraging relationships with German princes. In addition, Ferdinand also developed valuable relationships with the German banking house of Jakob Fugger and the Catalan bank, Banca Palenzuela Levi Kahana.

The key events during Ferdinand's reign were the conflict with the Ottoman Empire, which in the 1520s began a great advance into Central Europe, and the Protestant Reformation, which resulted in several wars of religion. Although not a military leader, Ferdinand was a capable organizer with institutional imagination who focused on building a centralized government for Austria, Hungary, and Bohemia instead of striving for universal monarchy. He reintroduced major innovations of his grandfather Maximilian I such as the Hofrat (court council) with a chancellery and a treasury attached to it (this time, the structure would last until the reform of Maria Theresa) and added innovations of his own such as the Raitkammer (collections office) and the Hofkriegsrat, conceived to counter the threat from the Ottoman Empire, while also successfully subduing the most radical of his rebellious Austrian subjects and turning the political class in Bohemia and Hungary into Habsburg partners. While he was able to introduce uniform models of administration, the governments of Austria, Bohemia and Hungary remained distinct. His approach to Imperial problems, including governance, human relations and religious matters was generally flexible, moderate and tolerant. Ferdinand's motto was Fiat iustitia, et pereat mundus: "Let justice be done, though the world perish".

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Jakob Fugger in the context of Fuggerei

The Fuggerei is the world's oldest public housing complex still in use. It is a walled enclave within the city of Augsburg, Bavaria. It takes its name from the Fugger family and was founded in 1516 by Jakob Fugger the Younger (known as "Jakob Fugger the Rich") as a place where the needy citizens of Augsburg could be housed. By 1523, 52 houses had been built, and in the coming years the area expanded with various streets, small squares and a church. The gates were locked at night, so the Fuggerei was, in its own right, very similar to a small independent medieval town. It is still inhabited today, affording it the status of being the oldest public housing project in the world.

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Jakob Fugger in the context of Three Brothers (jewel)

The Three Brothers (also known as the Three Brethren; German: Drei Brüder; French: Les Trois Frères) was a piece of jewellery created in the late 14th century, which consisted of three rectangular red spinels arranged around a central diamond. The jewel is known for having been owned by a number of important historical figures. After its commission by Duke John the Fearless of Burgundy, the jewel was part of the Burgundian crown jewels for almost 100 years, before passing into the possession of German banker Jakob Fugger.

The Brothers were eventually sold to Edward VI and became part of the Crown Jewels of England from 1551 to 1643. They were worn prominently by Queen Elizabeth I and King James VI and I. In the early 1640s, Henrietta Maria, wife of Charles I, attempted to sell the jewel to raise funds for the English Civil War, but it is unclear if she succeeded. Its whereabouts after 1645 remain unknown.

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