8 edition of Jacob Fugger the Rich found in the catalog.
Jacob Fugger the Rich
Bibliography: p. 221-222.
|Statement||Translated by Mildred L. Hartsough. Edited by N.S.B. Gras.|
|LC Classifications||HF442.F7 S745 1966|
|The Physical Object|
|Pagination||xxiv, 227 p.|
|Number of Pages||227|
|LC Control Number||66023448|
The third of their seven sons was Jakob II. Between andthe company leased the Roman mint, the Zeccamanufacturing 66 types of coins for four different popes. Maximilian I elevated Jakob Fugger into nobility in and granted him the title of Imperial Count in so the former burgher could operate his business without interference from local nobility. Inhe bought up part of Augsburg and in came to an agreement with the city that he would build and provide a number of almshouses for needy citizens. It is a story about palace intrigue, knights in battle, family tragedy and triumph, and a violent clash between the 1 percent and everybody else.
He organized the extraction and refining of metals, traded in a variety of goods and seems to have played a hidden role in funding the voyage of Ferdinand Magellan. Other foundations and buildings[ edit ] Jakob Fugger made several contributions to churches and monasteries in Augsburg some of which still show the Fugger coat of arms. To repay Jakob the massive amount of money owed, Pope Leo X had to heavily tax the German people as well as sell indulgences, which was heavily unpopular with a large group of monks, including Martin Luther. Around they founded manufactories in Venice and Nurembergthen important centers of trade.
To repay Jakob the massive amount of money owed, Pope Leo X had to heavily tax the German people as well as sell indulgences, which was heavily unpopular with a large group of monks, including Martin Luther. Along with other merchant houses of Germany and Italy he contributed to a fleet of 22 Portuguese ships led by Francisco de Almeida that sailed to India in the year and returned in It was this coolness and self-assurance, along with his inexhaustible ambition, that made him not only the richest man ever, but a force of history as well. Charles V then declared war on Luther and Protestantism. It is a story about palace intrigue, knights in battle, family tragedy and triumph, and a violent clash between the 1 percent and everybody else.
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Hans's two sons, Andreas and Jakob I, continued the business until disagreements forced dissolution of the partnership in Jakob Fugger's brothers Andreas and Hans both died young in Venice.
When the book was first published, inThe Boston Transcript said that the author "has not tried to make an exhaustive biography of his subject but rather has aimed to let the story of Jacob Fugger the Rich illustrate the early sixteenth century development of economic history in which he was a leader.
At the time mines from both Tyrol and Hungary provided the bulk of the total European production in copper which provided an incredibly advantageous position in the European market, albeit not a total monopoly. Maximilian then promised to repay all loans of its predecessor to Jakob Fugger.
It is an economic history of a golden age in German commercial history that began in the fifteenth century.
Certainly not journalist and Wall Street securities analyst Greg Steinmetz. Jacob Fugger lived in Germany at the turn of the sixteenth century, the grandson of a peasant. Luther referred to Fugger specifically in his Open Letter to the Christian Nobility of the German nation Concerning the Reform of the Christian Estate just before being excommunicated in Know the facts.
He also, as Steinmetz notes, accumulated his wealth with a perfectly good conscience, using some of it to build churches in his native Augsburg, and a remarkable housing project for the working poor, the Fuggerei, which survives to this day.
This was the beginning of an extensive family involvement in mining and precious metals. Jakob Fugger is the best-known face of the Fugger family.
When the Fuggers made their first loan to the Archduke Sigismund inthey took as security an interest in silver and copper mines in the Tirol.
Copperplate engraving from Jakob Fugger at the peak of his power in The Fugger family financed the rise to power of the House of Habsburg, who would play a prominent role in the Counterreformation. Get a good education. In Pope Leo X issued a papal bull granting Fugger and his heirs the Patronage to the church and being able to choose the priest.
The complex was expanded once more in to accommodate the receiving of illustrious guests. Fugger was one of several merchants of the era who pleaded with Rome to rescind the ban. Rather than take direct payment, for example, Fugger received the right to mine copper, an essential ingredient of cannons, and silver, a means to their purchase.
Other foundations and buildings[ edit ] Jakob Fugger made several contributions to churches and monasteries in Augsburg some of which still show the Fugger coat of arms.
After Klara's death, he married Elizabeth Gattermann.Jacob relished the relationship, which began when Frederick III, the Holy Roman Emperor, was given a loan by Fugger’s brother in spite of a dreadful credit rating. Jacob became principal banker to his son, Emperor Maximilian I, who established the Austro-Hungarian Empire, and to Charles V of Spain.
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Through a combination of businesses in precious metals, goods and financing, he was able to become the leading merchant and financier of his time.
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