Welser familyWelser 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.
BankA bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Whereby banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities.
Republic of GenoaThe Republic of Genoa was a medieval and early modern maritime republic from the 11th century to 1797 in Liguria on the northwestern Italian coast. During the Late Middle Ages, it was a major commercial power in both the Mediterranean Sea and the Black Sea. Between the 16th and 17th centuries, it was one of the major financial centers in Europe. Throughout its history, the Genoese Republic established numerous colonies throughout the Mediterranean and the Black Sea, including Corsica from 1347 to 1768, Monaco, Southern Crimea from 1266 to 1475, and the islands of Lesbos and Chios from the 14th century to 1462 and 1566, respectively.
Free imperial cityIn the Holy Roman Empire, the collective term free and imperial cities (Freie und Reichsstädte), briefly worded free imperial city (Freie Reichsstadt, urbs imperialis libera), was used from the fifteenth century to denote a self-ruling city that had a certain amount of autonomy and was represented in the Imperial Diet. An imperial city held the status of Imperial immediacy, and as such, was subordinate only to the Holy Roman Emperor, as opposed to a territorial city or town (Landstadt) which was subordinate to a territorial prince - be it an ecclesiastical lord (prince-bishop, prince-abbot) or a secular prince (duke (Herzog), margrave, count (Graf), etc.
AugsburgAugsburg (UKˈaʊɡzbəːrɡ , USˈɔːɡz- , ˈaʊksbʊʁk; Ougschburg) is a city in Swabia, Germany, around west of Bavarian capital Munich. It is a university town and regional seat of the Regierungsbezirk Swabia with an impressive 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.
NurembergNuremberg (ˈnjʊərəmbɜrɡ ; Nürnberg ˈnʏʁnbɛʁk; in the local East Franconian dialect: Nämberch ˈnɛmbɛrç) is the second-largest city of the German state of Bavaria after its capital Munich, and its 541,000 inhabitants make it the 14th-largest city in Germany. On the Pegnitz River (from its confluence with the Rednitz in Fürth onwards: Regnitz, a tributary of the River Main) and the Rhine–Main–Danube Canal, it lies in the Bavarian administrative region of Middle Franconia, and is the largest city and the unofficial capital of Franconia.
