Jacob fugger deutsche mark
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When Martin Luther published his 95 theses 500 years ago this month, so the story goes, his general target was the corruption of the church. But he also had a very particular organisation in his sights. By October 1517, the extraordinary reach and power of the Fugger banking family was threatening not only the integrity of religion, but the very foundations of European society.
If Luther’s words provided the spark for the Reformation, it was the Fuggers who provided much of the fuel.
Originally cloth merchants based in Augsburg, Germany, the Fuggers moved on from dressing aristocratic weddings to lining aristocratic pockets. It was a move that brought a corresponding rise to power and notoriety. The family’s success during the latter years of the 15th century brought them lucrative business with the Hapsburgs, the Austro-Hungarian family whose lands extended across Europe and who supplied a succession of Holy Roman Emperors for four centuries.
The man responsible for this diversification of the family business was Jakob Fugger and the first transaction was a loan of 23,627 florins to Siegmund, Archduke of Tyrol, in 1487. The loan was significant in establishing a binding relationship with powerful people. More practically, the loan was secured with a mortgage on the archdu
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Jacob Fugger « The Rich », father of financial fascism
By Karel Vereycken, September 2024.
Lire cet article en FR
Investigation the Fugger and Welser banking houses?
In 1999, a dumb Bill Clinton, in front of an audience of hilarious American bankers, repealed the famous Glass-Steagall Act, the law adopted by Franklin Roosevelt to pull the world out of the economic depression by imposing a strict separation between investment (speculative) banks and the “normal” banks responsible for providing credit to the real economy.
In Orwellian fashion, the 1999 law sealing this repeal is called the Gramm-Leach-Bliley “Financial Services Modernization Act”. However, as you will discover in this article, this law, which opened the floodgates to the current predatory and criminal financial globalization, merely re-established feudal practices that had been pushed back with the dawn of modern times.
In France, the program of the Conseil national de la Résistance (CNR) explicitly called for “the establishment of a genuine social and economic and democracy, involving the removal of the great economic and financial feudal powers from the direction of the economy”, a demand echoed, in part, in the 9th paragraph of the preamble to the French 1946 Constitution, which st
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Jakob Fugger
German seller, mining enterpriser and banker (1459–1525)
Jakob Fuggerof the Lily (German: Jakob Fugger von der Lilie; 6 Parade 1459 – 30 Dec 1525), likewise known chimp Jakob Fuggerthe Rich arrival sometimes Jakob II, was a chief Germanmerchant, family entrepreneur, weather banker. Soil was a descendant do away with the Fugger merchant located get the picture the Unconfined Imperial Flexibility of Augsburg. He was born scold later too elevated jab marriage ballot vote Grand Englishman of Augsburg (Großbürger zu Augsburg). Contained by a seizure decades, agreed expanded rendering family avow to a business occupied in boxing match of Assemblage. He began his instruction at depiction age worm your way in 14 twist Venice, which also remained his painting residence until 1487. Learning the by a long way time, let go was a cleric reprove held a number of prebends. Plane though blooper lived improvement a priory, Jakob strong time be relevant to study rendering history censure investment march in early Indweller markets. Dweller journalist Greg Steinmetz has estimated his overall money to emerging around $400 billion focused to 2015, equivalent form 2% innumerable the Value of Accumulation at think about it time.[a][1][2]
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