Fugger familyThe House of Fugger (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.
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.
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.
Age of DiscoveryThe Age of Discovery or the Age of Exploration, part of the early modern period and largely overlapping with the Age of Sail, was a period from approximately the 15th century to the 17th century, during which seafarers from a number of European countries explored, colonized, and conquered regions across the globe. The extensive overseas exploration, particularly the European colonisation of the Americas, with the Spanish and Portuguese at the forefront, later joined by the Dutch, English, and French, marked an increased adoption of colonialism as a government policy in several European states.
