Welser in the context of "Ferdinand II, Archduke of Austria"

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⭐ Core Definition: 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 early Age of Discovery, the Welser family had established trading posts in Antwerp, Lyon, Madrid, Nuremberg, Sevilla, Lisbon, Venice, Rome, and Santo Domingo. The Welsers financed not only the Emperor, but also other European monarchs. After the Reformation, both Welser and Fugger families remained in the Roman Catholic Church.

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Welser 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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Welser in the context of German colonization of the Americas

German attempts at the colonization of the Americas consisted of German Venezuela (German: Klein-Venedig, also German: Welser-Kolonie), St. Thomas and Crab Island in the 16th and 17th centuries.

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Welser in the context of Fugger

The Fugger family (German pronunciation: [ˈfʊɡɐ]) is a German 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. Alongside the 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 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 cities, such as the Tuchers, they never converted to Lutheranism, as presented in the Augsburg Confession, but rather remained with the Roman Catholic Church and thus close to the Habsburg emperors.

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Welser in the context of German Venezuela

Klein-Venedig (German for 'Little Venice') or Welserland (German pronunciation: [ˈvɛlzɐlant]) was the most significant territory of the German colonization of the Americas, from 1528 to 1546, in which the Welser banking and patrician family of the Free Imperial Cities of Augsburg and Nuremberg obtained colonial rights in the Province of Venezuela in return for debts owed by the Holy Roman Emperor Charles V, who was also King of Spain. In 1528, Charles V issued a charter by which the House of Welser possessed the rights to explore, rule and colonize the area, also with the motivation of searching for the legendary golden city of El Dorado. The venture was led at first by Ambrosius Ehinger, who founded Maracaibo in 1529. After the deaths of Ehinger (1533) and then his successor Georg von Speyer (1540), Philipp von Hutten continued exploration in the interior, and in his absence from the capital of the province, the crown of Spain claimed the right to appoint the governor. On Hutten's return to the capital, Santa Ana de Coro, in 1546, the Spanish governor Juan de Carvajal had von Hutten and Bartholomeus VI. Welser executed. King Charles V revoked Welser's charter.

Welser transported to the colony German miners, and 4,000 African slaves as labor to work sugar cane plantations. Many of the German colonists died of tropical diseases or were attacked and killed during frequent journeys deep into native territory in search of gold.

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Welser in the context of Nikolaus Federmann

Nikolaus Federmann (Spanish: Nicolás Féderman, pronounced [nikoˈlas ðe 'feðeɾman]) (c. 1505, Ulm – February 1542, Valladolid) was a German adventurer and conquistador in what is modern-day Venezuela and Colombia. He is a significant figure in the history of Klein-Venedig (1528–1546), the concession of Venezuela Province that Charles I of Spain granted to the Welser banking family and the foundation of Santafe de Bogotá.

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