Fugger - Banker Who Brought the Habsburgs to Power
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- Опубліковано 28 кві 2021
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Kings and Generals' historical animated documentary series on economic history, continues with a video on Jakob Fugger - the German banker and businessman who became one of the richest people of the late medieval period by introducing a number of new business practices and tying his fortune to the rising Habsburgs, financing them in becoming the hegemon power in Europe. His loans were crucial for the Habsburg victory at the battle of Pavia in 1525 ( • Battle of Pavia (1525)... ) and the election of Maximilian I. Buy yourself an Emperor?
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The art for this video was made by Lala Gasim, it was animated by Aqarahim Ibrahimov, while the script was researched and written by David Muncan.
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#Documentary #Fugger #Habsburgs
If some of the sentences in this video annoy you, you haven't read the theory properly. Capitalism>feodalism.
Cheese
Ah, yes: "Feodalism"
Ah yes Stupidism of that Era 😆
Video about the tocharian people please!
More Videos on Alexander the great pls
Imagine being the literal emperor and still having such a bad credit score that people won't sell you clothes for a wedding.
When capitalism came in the nobles became poor. Not commoner like poor. A different kind of poor. The kings were still powerful but nobles were replaced by merchants.
@@juliannasreddin5226 eventually, yes. As the economy transformed into a monetary one, the landholdings of the traditional aristocracy became less valuable than the global trade networks of merchants. But I think this instance is rather an example of literally having bad credibility. Monarchs could and often would default on their debts, because hey, what are you gonna do? Go to the king and complain? And because warfare was getting more expensive, kings would often find themselves lacking money. Giving credit to a king was a risky move.
@@Oxtocoatl13 right on , that's how money influenced today's nation's. I mean like, before the oligarchs consistent of king-prince- archdukes-advisors and more nobles overall. Now those same nation's governance dynamic has totally change, they can't do much with out a treasury department and other sectors of govt. They have to do paperwork & follow procedure. So you could just pay off ppl to skip those procedures &trials . .thus corruption is born🤯
That was perfectly normal throughout European history. Todays image of kings and emperors is closer to fairytales than reality.
@@juliannasreddin5226
Its for the better
Fun fact: Fugger gifted several houses to Nuremberg in his will on the condition that people in need should live there for the smallest possible rent. To this day many students live there for the rent of 1€ per month.
It was to keep his head out of a noose.
Oh, and his superstition satisfied: he was Catholic and demanded that dwellers in these "rent reduced" homes that they must do various prayers to him and his family so that he gets a golden goose and cage in hell... I mean heaven... or do I? Well, he was hoping to hustle a happy spot in heaven.
Fucking hustlers... if they're allowed in heaven, we're truly screwed.
If such a thing actually exists in the first place.
@@jmitterii2 How do you know what intentions fugger really had? Can you read his mind via clairvoyance? Don't be so negative. It's a good thing dude! 1€ rent a month is incredible.
Augsburg, not Nuremberg
@@dillbill7152 Jakob Fugger was prety open about the part were he thought, he commited the sin of ursury, and wanted people to pray for his soul to be rescuted.
@Google User you could say that again.
Fun fact: in the first written records regarding the Fugger family (a 1367 tax register) spells the family name as "Fucker"
totally appropriate
How did you find that out
theese two pronounciations sound more similiar in german than in english.
well there was a town in austria called fuc*ing. they recently changed it to fugging i think.
Maybe that's where the town of Fucking got its name in Austria
Interesting fact: "Fukar" in Hungarian means "money-grabbing". The origin of the word is traced back to Fugger.
deleted in 911...910...909.....
@@reginald8623 why do you saying the comment is going to be deleted?
BTW before this gets nuked the Charlamagne documentary speaks nothing about how King Charles made it illegal for christians to commit usury. Therefore logically only the Amish could be bankers due to being the only other religious group in europe when he decided to make a few families rich. makes me think how many of your type comment get deleted so that it seems like im the crazy one lol.
@@Thomaas551 YT dislikes the F word and its many variations. That said, this comment won't suffer that fate.
@@andrewsuryali8540 makes more sense than what that other guy was implying
Fugger is like a merchant you have in Medieval 2 Total War with experience stats maxed out.
The one that you hope to God doesn't get assassinated.
Or the one enemy merchant that won't move his ass off your silver.
More like 5 maxed out merchants - on the best goods. Fugger was too extraordinary to be just one.
The one you park on Timbuktu ivory.
@@maximvsdread1610 wait the fort thing works?? I just kind of assumed it doesn't let you
"Fugger" is what people called him when they couldn't pay him back lol
Kek
Bring the Spanish Inquisition.
@@fathfez7991 Nobody expects the Spanish Inquisition!
@@gavin4848 No, the Mother Fuggers would be the Hapsburgs... or was that Sister Fuggers, I never get that right
@@fathfez7991 King Philip II tried that, but failed.
..."who married a succesion of wealthy women". I think just that deserves already a video!
@@justevil100 the idle of trophy husbands everywhere
maybe hypergamy wasn't a thing back then.
@IRA simp okay zoomer.
@IRA simp something only a true zoomer would say lmfao.
@IRA simp whatever helps ya sleep at night young man 😂
"Wealth is like sea-water; the more we drink, the thirstier we become; and the same is true of fame"
Arthur Schopenhauer
Drinking seawater makes my head feel funny
@@jab5498 why did u drink sea water
@@impaugjuldivmax same goes with thirst for wealth, the more you obsessed with it the more inhumane you will be and society wouldn't like that much.
@@impaugjuldivmax it’s not about health. It’s about being addicted to making more money
@@impaugjuldivmax wait. You're a cat. You literally can drink sea water. You're kidneys are that good, human ones on the other hand...
Im living in Augsburg and worked in the Fuggerei his social Housing complex. Happy to see a video about him here. I know the Fugger family their Daughter works as a pastry chef and she allways made sweets that we sold at the restaurant.
Oh his line still exists? That's pretty amazing.
@@itzikashemtov6045 not as a nobility i believe, they survived the as a commoner
@@benjamindavidovichwaals2899 No theyre still nobility they own a Lot of Historic property around Here and Run the fuggerei and charitys and foundations. And theyre still Fugger von der Lilie. Theres a Second Branch called Fugger vom Reh.
@@Krirnov Are they still excellent with accounting? I can do with a few dozen thousand florins.
@@Krirnov So they still have the old coat of arms and the 'von' in their name?
Fun fact: Jakob Fugger, Maximilian von Habsburg and Franz von Taxis who created the postal service in the HRE were all born in 1459.
Meh, not that fun.
More like gematria. Nothing fun about it, just planned events by the numbers
Freemasons
Good fact mate. Ignore the other folks, they're just eejits.
@@Gematrinator freemansons in the 15th century? In this time period there were still some powerful orders of knights. No need for some guilds which want to taste might
I am a bit dissipointed: not one word about The Fuggerei, which was founded by Jakob in 1521 and is the world's oldest social housing complex still in use.
i thought it to be a bit strange too, but i guess its not related enough to the topic.
Jerkoff families pretending to be humanists = lol
@Google User are you high
@@andredeketeleastutecomplex how they pretending, they're acting
@@ZiraRisasi now are you confused or bewildered?
Imagine for a fact that the Fugger family is still alive today and one of Jakob's descendant may be well watching this video and gave it a thumbs up.
Plot twist : what if it is you
@@vishwanathasharma1409 nah I am not related to the Fuggers though I wish I am. They now hold princely titles and largely held on to their riches though they were not as influential as back in the day.
@@thewanderingrey8830 their wealth today though comes mostly from having a vast estates and renting their Chateaus for weddings or refusing them as Hotels
@@Kai555100 refusing or reusing?
@@gracefulcubix4730 reuising, auto correction struck again it seems or I was just stupid
The great one: Jakob Fugger. Still known as Augsburgs most famous citizen today. And one of the most influential buisinessmen in history. His financial transactions with the Habsburgs influenced worlds history for the next centuries.
Glorious to see an episode on this tremendously important and vital chapter of renaissance age commerce and industry particularly in the rise of the house of Habsburg on which the centres of power of the early modern period are based on.
13:00 "Bella gerant alii, tu, felix Austria, nube!"
Can you make a video about the Hanseatic League?
yes please
Make the Hanza great again. Dutchies approve
That is an excellent idea
I hope so
Or one about Brexit!;)
It's amazing how many decisions made by rulers there are explained by money, when, in wishy-washy documentaries and school history classes, they were always explained as being due to faith, personality or random actions.
Please do one on Cosimo de Medici’s rise as a banker as well, or the Medici family’s banking era
this
I always wondered who Jakob fugger was (mostly because of his name)
@@janzanssen9660 *head->desk
Obviously not.
The Fuggers under the leadership of Jakob were an early international corporation. Banking, weaving industry, mining (gold, silver, copper) weapons industry (mainly cannons); having branches (banking) in every major European city and in the New World. Take the word "industry" with a grain of salt though; this was way before the industrial age. The Fugger Empire span across the globe. Through their connection to the house Habsburg/Karl V. - who controlled the first empire where the sun never set - they were at some point made governors of Venezuela as a form of debt repayments (I'm not 100% sure about this, look it up yourself, if you wish).
Of course they had their hands in any military conflict and through their branches they were able to finance every side. The bank always wins ... (Rothschild did the same in the Napoleonic era).
Mostly unknown, Jakob Fugger spent a lot of money (well, not for him) on poor people, like widows, orphans and old people. He invented social housing where these poor people could live for free as long as they were good catholics AND they were to include him in their prayers. The man was terrified of not getting into heaven. Btw, some of these houses are still standing in Augsburg, if I'm correct.
In short terms, the man was one of the most influential people of his time, though almost forgotten as it seems. Generally, the 15th and 16th century don't get the attention they deserve.
Just say it out loud.
- Rotschild.
@@janzanssen9660 He was not?
Jakob is a very common Christian name, because of Jesus' brother. (Who was named after the original one, obviously.) Just like not everyone named James (the English version of Jacob) is Jewish.
@@janzanssen9660 If you watched the video, you would see him described as a "staunch catholic" whose mother put him in a seminary at a young age to train to be a priest. So obviously not Jewish.
I really like your episodes that don't focus on war
I second this
What I personally find especially intriguing about Jakob Fugger is his picture. In your mind, remove the hat, change the clothing for a modern suit, and you have a modern CEO with all the fervor and methods of a modern CEO. I think if you put him into our time, maybe gave him a year or two to make himself familiar with current technology, I think the man would do just fine even now.
They are doing fine until today, you mean.
@@furinkazan9066 - I mean him, Jakob Fugger, as a person. He had keen instincts was a highly proficient businessman, he, Jakob Fugger, would easily be a top dog even today. That his family does well half a millenium (!) later does in no way contradict that.
@@mediocreman6323 I mean bankers in general. The big ones. Of course his family would be doing well, they're rich.
Extraordinary. Fascinating topic, I'm so glad that you chose to discuss his life despite your title being Kings and Generals, those pesky Bankers assuredly make a huge impact. You should do a video on the Medici, or perhaps a three-part series on the Medici given how they were in power for so long in different ways.
1:13 The Habsburgs so nice, they sponsored them twice
See, we've got to make sure to cover both the Habsburgs and the Hapsburgs.
I remember Fugger from colonization game way back. You could pick him as a founding father. He would make all boycotted goods tradeable again without having to pay fines for them.
What game?
@@vladvah77 Sid Meiers colonization ,the first one. This was a dos game. I think you can find it free on the net or on steam.
You know, you guys should make a punic wars series, we have lots of documentaries from the 2nd punic war but barely know what happened in the 1st and 3rd with details like you guys always do with your documentaries
@Beauty Queen I know history marche but I prefer kings and generals
Invicta got you covored, at least for the first punic war :)
@@Sebastian_Gecko
Ha! Sure enough I post the link to Invicta just before I see your commeint!
I mean the 3rd was just Romte stomping Carthage thou, I don't feel like there would be much to talk about there.
@@PauloGarcia-sp5ws
The more interesting story is Rome's intentional provocation to make Carthage violate the terms.
Love this episode I would look forward videos on Medici, Rothschild, Warburg n Baring families
And Gritti's in Venice and Constantinapoly(Ottoman times).
Rothschild, Warburg, Fugger and others still being in business is nuts.
You guys have shared some pretty unique things about the past I have never even come close to hearing about. I am so glad I back this channel, and I always look forward to more of your videos.
I appreciate these type of stories so much... This is one of those moments in time that is almost incomplete just by learning each individual countries history... The interconnection of this man's contributions is more valuable than anyone of their leaders at the time. Amazing Video!!!
Fugger was responsible for the first social housing project in the world, the so called "Fuggerei" in Augsburg. It still exists today and can be visited by tourists (even though people still live there).
I learned about him in the German made series about a young Maximilian, simply titled after the Hapsberg Emperor's name. It mainly covered his marriage to Mary of Austria and struggle to hold onto her duchy of Burgundy. He agreed to finance Maximilian's misadventures, who put his family's silver mines in Austria as collateral for the loan. It was an interesting from a very good historical drama.
I've heard of the show. Is it worth watching?
@@delta1404 Yes the show was really good. UA-camr Lili1127 was clips of the show on her channel along with other historical dramas. I was lucky enough to get the series with subtitles because a friend of mine had downloaded them with subs.
Sadly their depiction of King Matthias was pretty bad. He was a relatively young, cultured Renaissance man. In the series he was turned into an old barbarian villain.
This was an amazing production guys, thank you so much. Great pleasure in watching it.
Amazing work! You guys continously outdo yourselves. Thank you!
This channel truly is a goldmine. Thanks for everything you guys do!
Florian from Florence who would only trade in florints.
Most interestingly is that his descendants are still in business (I saw a documentary regarding German aristocratic families - and his descendant came up as the head of a private investment bank). Fabulous video. Keep up the good work.
Great team work guys. Thanks for the effort you put up.
This was a great switch! I recently watched the TV Period Piece 'Maximilian" and this really shed some light on that era! Thank you K&G.
Love the backgrounds. On minute 20 that background looks a lot like the Augsburg Cathedral.
Love this video, please do more videos on successful merchants and bankers through history!
Amazing content as always, this video is definitely one my favorites
Historical economics is always a fascinating topic. Much appreciated!
16:05 That shadow just perfectly sits on Fugger’s hat
Great job on the art this episode
Thank Lala Qasim.
As always, great work guys!
Great information 👍🏻 Good Work, a big Thanks for your efforts which bring us extremely important history documentaries.
Kings and Generals we need a part 2 of the Germanic people as you said in the first video back in October last year. That video got 1M views.
I find these bits of history much more interesting than wars and battles
I love when you guys do videos on historical characters. Always well done and excellent. You guys should do others on people like this, like Carnegie himself or Stanford and Oils' Rockefeller. Their contributions fundamentally changed the way the American economy worked at the time and arguably led to the rise of the global American Federation.
Kings and Generals and Commoners.
Kings and Generals and Commoners. 😀 I love that!
17:00 you forgot to update the map since Granada and Navarra had already been integrated into Castile by the grandparents of Charles V, the Catholic Kings (who I must say, deserve more than a video on them). Charles V himself spent his honeymoon in the Alhambra.
Your videos always a pleasure.. I think you have a great voice for narration a genuine passion for history and a brilliant mind
Thank you for this wonderful documentary on my Birthday this is a wonderful gift of knowledge.
Great video guys. Can you do one on the history of usury and its effects?
You must be Muslim or a very good christian
@@ishxyzaak Christian, actually
@@esotericretard6530 lmao
@@donaldseigel4101 the idea of food money sounds like typical investment. If the food doesn't grow, there should be no interest correct? Otherwise, that's unfair.
Anyway second, Abraham was not a jew nor a Christian, Judaism started with Moses and the laws that were given to him.
@@donaldseigel4101 isn't a jew someone who follows the laws of the torah? how can abraham be a jew when those laws were not yet revealed?
Another masterclass from K&G
This channel never stops to amaze me. Great work sir..
Thank you so much for covering this guy! A while ago I randomly came across a book on him and thought it very interesting. As I learned more about history in the area I wanted to revisit this character a couple times The problem was I kept thinking his name was Fucher, and it wasn't bringing up any results haha. Now I know and I can go back to check out the book if I want to. Thanks again!
Great video!
These topics are very interesting!
One of those people I have never heard of before. Thanks!! Interesting.
Great presentation. It sounded as if he was greedy and, considering the goal of his life was to make money, I can understand that. But if you come to Augsburg, you can visit the "Fuggerei," which is the second oldest social housing complex in Europe and founded by Jakob Fugger. To this day, if you are Catholic, you live in a small but comfortable apartment for .88 euro cents A YEAR, and a daily prayer for the souls of the Fugger family. The presentation informed me a lot about a man I have heard about often during my 22 years here in Augsburg. He is buried in Saint Anna's Lutheran church in a very modest crypt in an area of the church which, by agreement, has remained Catholic. Thanks again for yet another great Kings and Generals documentary!
Great video thank you kings and generals!
Very nice video! The German Peasants War would be a very good video series that is almost not covered in documentaries. In my eyes it was the most significant revolution of lower class citizens before the french revolution in Europe.
what about the peasant's crusade?
@@reginald8623 i don't know if you can call the peasant's crusade a revolution, as they were marching not against the ruling class but a foreign enemy.
Yes, definitely very interesting and tragic.
Me:"Gets an Ad"
"ugh"
Also me:"He deserves it tho"
Your videos are so interesting. You are the best history channel in youtube. Well done.
Tysm I was waiting for a Jacob fugger video
That's why the finale of Game of Thrones need an explanation about Cersei's loan from Iron Bank 😀
Another great video from KaG! Greetings from "Fuggerstadt" Augsburg!
I like imaging Fugger's enemies angrily shouting "That Fugger"
I enjoyed this video a lot thank you very much again great video keep up the great work you just made my weekend come early
About his wealth:
I don't understand how you arrive at the figure of 130 million euros (in today's money).
Every article I find puts his fortune at 300-400 billion US dollars (in today's money).
That would be something between 250-330 billion euros (in today's money).
@Kelvin Higgs How do you things these estimates work? It's usually either by comparing it to gdp, or through inflation. In any case €130m is a joke
I think there is an absolute value and relative value. Because nowadays much more money(gold, silver, people, etc) exist than that time absolute value would be only 300 million $, but if we compare relatively in our world that money should be billions
Lol 130m but paying for wars and elections xD seems like a spellingmistake
In truth it's impossible to say just how much he would have been worth in today's money because his wealth didn't exist in today's money or in today's economy, it existed in a different era. All you can really say is how rich he was relative to his peers.
Perhaps his net worth should be calculated on the basis of the ventures he owned/operated and the worth of those ventures right now, of which you then correct for the worth of similar ventures back then. There are probably sources that allow historians to do this kind of calculations quite well (I'm quite sure)
Just got done finishing your Celtic documentary and loved it guys
Great video!!! This shows the real power behind the thrown.
👏🏾👏🏾👏🏾👏🏾 great work as usual KG
I want to see more video's about trade and traders
Patrick Wyman did a good episode (an hour long if I remember) on Jakob Fugger on his Tides of History podcast.
I love this video! We need more about people who changed the world without a single sword stroke or command in battle. This is a fascinating piece of history.
Awesome as always!
Nice video, i enjoy stories like this.
Very nice content & well presented!
I love this channel, I've learned a lot cause' of them. thanks K&G's
I want to here more about this princess eloping. What happened? I need to know. You can't add lose end like that.
Financial and Political Strategists should also have series made about them like those of Military strategists.
Fascinating topic. Thank you for this insightful presentation. It is my highest hope to learn a great deal more about the larger topic of how renaissance and late medieval economic systems operated for a more complete understanding of the pre-industrial evolution for political economy, soft power, and the uncommonly explored consequences, severity, and serendipity of specific mutations in the course of these dynamic transformations. This theme of political-economic transformations is arguably one of the most tremendous considerations in understanding how our lives are shaped today along with how they will change tomorrow. It strikes me as though the early origins of modern free-market and globalized productivity relationships is a topic that is left conspicuously unexamined, likely reinforced by popular assumptions and uninformed over-simplifications of the chains of events that led to the present. To me, this has left a lot of unanswered questions and mysteries about what particular events really shaped the prevailing patterns and how those events really affected the changing fortunes in all social castes as well as the effects within the scope of hegemony, nascent nationalism, and the power balances between states.
Excellent content. Thank you.
Those graphics are so good, I feel guilty for listening to this as a podcast.
I think the estimated networth of Fugger in this video is wrong. Fugger was worth much, much more than 130 million USD in today's dollars. He bought the 3 brothers and other jewelries from Basel for 40,000 florins, which, at that time, was enough to pay 33,000 common laborers for a year. Assuming a German laborer today makes 30,000 USD a year, that 40,000 florins would be the equivalent of 1.2 billion USD. So his 2 million fl networth is more like the equivalence of 60 billion USD. Also if you google 'Jakob Fugger networth', the results will vary anywhere between 120 billion to 400 to 500 billion USD. The 130 'million' USD is laughably low for someone of Fugger's caliber. He was the Emperor Maker, the one that moved nations, the one before whom nations swayed.
Thank you , K&G .
How amazing is this channel!
What's the source for his wealth being 130 million? Wikipedia says it was 400 billion - 3000x more. Those are some wildly different numbers.
The sponsor of today's video is... Jacob Fugger :)
😂😂😂
that would have been amazing :D
Really enjoyable video, new subscriber 👍
This video whetted my appetite to see more analysis of economic moments viewed as a struggle for power
Sir, Good Day To You! This is a request to you, in order to make a documentary of Knightnood of The Crusades to Formation of Switzerland & Portugal until the Emergence of the Swiss Banks.
I love the animation, great work!
The music was fantastic, I recognize a couple of tracks from Medieval II: Total War 😎.
how did you comment 8 hours ago when the video itself is 11 minutes ago uploader
@@Char444 😱😱
I LOVE YOUR VIDEOS, DONT STOP PLEASE
I love your Merchant and Trade documentaries.
God, I love this channel.
Love it... i love the merchant prince era and history
Btw if you're willing to do a video on Fugger I'd recommend tackling in general the Price Revolution, as it provides context for a lot of events in early modern Europe.
In our familytree we had two brothers called "Zech" which actually managed a silvermine somewhere in the Tyrol area for Fugger which formerly belonged to the Habsburgs!
Should it be said that this banker, Jakob Fugger, indirectly created the situation that allow Sultan Suleiman to finally be able to annex Hungary as part of the Ottoman Empire?
P.S: Thank you for mentioning Mansa Musa. Hope that the team of this channel will do a video about him and the Mali Empire one day.
The Hungarians created that situation just fine without any outside help. Chiefly their nobility
i dont think so, a minor factor at most. its a complex topic, but just look at their empires. on the one hand, you have the ottomans, with juicy provinces and one of the best military in the world at the time. on the other you got poor hungary (at least compared to the ottomans), with no real help besides austria. i think they fought valiantly considering the time it took the ottomans, but i guess the peoples of the balkaan are troublesome foes taking the struggles against wallachia, serbia, albania etc. into account too.