Jakob Fugger was not a peasant. He came from a wool merchant family in Augsburg, Bavaria. He saw the greed, corruption and the endless wars of conquest. He was willing to finance it, but only to those who were able to pay him back, with interest. He did not invent the greed, corruption and warfare. He founded the first industrial syndicate and the first mining academy. The business was described in detail during his lifetime. Anyone could reproduce it. This is a valuable resource even today. He took care of his employees. "Die Fuggerei", a retirement community for his company employees in Augsburg is operating to this day.
Can you please hook me up with some sources? I'm having trouble finding any regarding the family's connection to Judaism. So far i only found that he financed jewish scribes. Thanks man, i really appreciate any help.@angrypidgeon1714
@@angrypidgeon1714 Can you genuinely explain why you arrived at that conclusion, even though you had no evidence for it. I really hope you aren’t one of those blame any demography but my own sort of chaps, those sorts make out that never in history has a native European ever done one over on another native European (without some sort of alien ray gun manipulation). Life will be much easier for you when you accept that betrayal can come from any direction, just watch maury/ trisha/ jeremy kyle/judge judy, those shows will be like a easy read for you before moving onto the more serious sciences of human sociology and psychology.
@@JK-gu3tl makes sense, given the Catholics are about money not Christianity. Another kind of (bad) Jew. If you want to know what I'm talking about search this crossreference: Catholic Gladius Mafia CIA. That's besides watching The Borgias series :) And certainly besides the Inquisition, we don't talk about that :D
Schwabian dialect never had a double consonant that was pronounced double (as does Italian, Finnish). The gg was to indicate an unaspirated fortis k, as in the Swiss dialects today, where k is reserved for the aspirated fortis k. So it probably was pronounced as if it had a ck instead of the gg.
Check out Economist Michael Hudson, and historian Matthew Ehret. This convergence needs to be more widely known in our specie's collective consciousness field. These greedy, amoral (many satanic) globalist's are still ruling our world today.
I live just a 5-minute walk from Fugger's palace in Augsburg. I miss the information that he founded the world's first social housing project, which is still standing and whose residents still pay €1 (in words: one euro) a year in rent.
@@t.r.l.4377 If its free hold by a trust, then there is no extra "rent". If you fully owned a house and let your friend stay there for free, then theres no extra expense. There is no "rent" in those instances.
Fugger was involved in collecting funds for the Pope’s expansion of St Peter’s Basilica. This was one of the causes for German resentment against Rome. Luther wrote about Fugger.
It is surprising, but as was stated he was a master negotiator who seemingly was always able to make himself more useful to his powerful allies alive, rather than dead.
This happened to Templars and other bankers. Fugger did not do business with jerks, only with the people who could pay him back, with interest. A contract was signed, before the deed was done.
To mention is the foundation from Jakob Fugger in 1521 which still exists in the German town Augsburg. There are today 67 houses with 140 apartments for 150 poor people of Augsburg having catholic faith. The rent is not so high. For a whole year the rent is 0’98 US$. And there are three well to do Fuggerfamilies in Germany, living more silent in their castles .
@@ezwan7656It's 1 euro per year, but you have to be Catholic and attend mass daily, also help a bit with the community. It's meant to be a "backup plan" for poor Catholics in Augsburg
Thought you had to be dying, and super old too. That is what some of the richer churches should be doing. They'd certainly get more followers if they started using their millions in real estate.
5:28 that's a depiction of Sigismund of Luxembourg, Holy Roman emperor on the left and Jakob Fugger on the right. This Sigismund died 12 years before that Fugger was born :p
More to the point: Sigismund started a crazy war against Venice and lost. Jakob Fugger financed it, using the preciuos metals mines in Slovakia as a collateral. His patnner was Thurzo, who learned how to smelt silver and how to fight in Venice. A brilliant move. They both got rich.
The oldest Fugger known lived in the end of the 14th century! His name was Hans Fugger and he was a webster (weaver). He was well off and started the Fugger business that lasted generations! He wasn't poor, he wasn't a peasant, he wasn't an oppressed and exploited man! What's the point of the video"s title? What for?
@@barbthegreat586 Yeah from what I could find, Hans came from a small rural village which although they don't have any records, it's very likely that they were just farmers, which definitely qualifies as humble beginnings.
rags to riches stories are seldom if ever indigent to ruling class. Most if not all have wealthy benefactors. When JP Morgan died the majority of his estate went back to the Rothchilds. Wasn’t his money. As they say it takes money to make money. And most important it’s not what you know it’s who you know. The family was already wool merchants and Jacob 1 used his family connections to get into banking. Not a peasant.
@@books4739if you think the wealth disparity is wide now imagine what it was back then. You’re delusional if you think the merchant class and peasants class were close in economic resources and security. The closer the middle class is to the aristocracy the better so You must think it’s still 1950 where the gap was the closest it has ever been in the history of the world.
@@caseyreed5231 You can be a small merchant. A local merchant selling to a local village isnt going to be noticably wealthy. The equivalent of the local convenience store.
A rich guy named Fugger. Figures.👑 ... Both Bill Gates and Warren Buffet have photographic memory. Buffet can do Net Present Value calculations in this head while he reads Profit and Loss statements. Its why two geniuses like to play Bridge, which is primarily a game of memory. Fugger probably had something similar going for him. But all that lifelong effort lead to his contribution to the 30 Years War. A war that put the development of Germany back by a 100 years. In the end, he really fugged things up.
Ah yes, you make an interesting point. He certainly could have a great memory or other traits that gave him with an advantage in finance, but we don't know this for a fact. And yes, blinded by his own ambition, he failed to look at the bigger picture and how his actions would ultimately impact society. While the 30 year war was horrific, I wouldn’t exactly say it caused Germany’s development to lag behind. On the contrary, it led to the entrenchment of the nation-state - an institution that allowed for a far greater mobilization of manpower and resources. Nation-states would come to replace the decentralized empires of old in terms of military, industrial, and technological prowess. Some resources to read: pressbooks.pub/abriefhistory/chapter/making-connections-between-events-the-peace-of-westphalia-and-the-rise-of-the-nation-state/ is.muni.cz/el/1423/jaro2015/MVZ102/um/porter_105_148.pdf
Photographic memories have never actually been demonstrated…some people have excellent memories in certain domains though. I’ve actually gone to some of Buffet’s speeches and he certainly does not remember everything!
@@Michael-cb5nm All I know is that in an interview or talk with somebody, Buffet demonstrated that he could recall a number from a table of numbers used in interest calculations. This was before desktop computing was a thing. It mean he could read a large series of profit and loss statements, then go about other things while is brain did calculations that would tell him which company to invest in. That's a considerable leg up on most people. When Bill Gates was a teenager he read the entire 22 volumes of the World Book Encyclopedia. That probably gave him a clear idea of what kinds things made for building a monopoly. He was three semesters in at Harvard when the first micro computers came out and he grabbed Steve Ballmer and said "This is it. This is what we can dedicate our lives to." Software for micro computers that would eventually become operating systems for desktops. The most natural monopoly there has ever been.
Family sent him to Vatican to become priest. There he learned about finance and how to make money. Templars have done it before, on the battlefiled in Palestine, but were killed by a greedy King Francois 2, with the consent of the Pope, who was under a house arrest in France. Fugger learned a lesson well from this.
Wow well taught .. really a good lesson in history meets finance. What is history without the monetary influence, impact and implications. The good side of Fugger is his keen sense of achievement, interaction and will power. His weak side is poor leadership talent and compassion that resulted in unintended consequences. Often said, history repeats because the real facts are missed and narratives dominate. Time for relearning. Thank you for this video.
Lasciante ogni speranza, voi che 'ntrate. (Forget about it, when facing the robber barons. You are a dead meat.) So said Machiavelli, int Dante's "Hell".
A man involved in guilds (arranged to avoid competition) and syndicates (syndics were mayors that blurred the line between commerce and government) was not involved in "capitalism" in any meaningful way. Capitalism involves delayed consumption (not the pooling of OPM or other people's capital) and unfettered competition (the lack of government protections). This man was an early progenitor of corporatism and the corporate form of the early guilds morphing and evolving from the corporate form of medieval municipalities.
Insane take to believe capitalism is based on unfettered competition. Competition is a process not a constant, you know what happens when companies compete? One wins. Competition has it's own contradiction in itself and inevitably leads to monopolistic tendencies
@@HairEEck Capitalism is just free trade. Anything inhibiting the "free trade" part is called antiCapitalist. This could be trade unions, monopolies, governments, slavery, criminals, etc.
@@dherman0001 capitalism is absolutely not just "free trade" who taught you this definition ? Capitalism is private ownership of the means of production in a for-profit market economy. Nowhere does it say the market has to be free. The very idea of a "free-market" is made up and highly subjective anyway.
@@HairEEck Capitalism is as simple as me pulling weeds in your garden in trade for a few dozen eggs from your chickens. Its inherently good. Thats Capitalism/free trade. A government saying I must be paid a specified minimum amount of eggs, is antiCapitalist/ anti free trade. What part of all this is confusing you?
👑Fascinating. Every child on Earth should be taught about people like this. Massive players that create possibilities for some by exploiting/fooling the rest. The man who invented indulgences deserves almost as much study time as the man who defied indulgences, no?
It is interesting how all this power in one hand created so much wealth on paper, yet so much destruction in reality. Any reduction of Europe’s population that achieved double digits is absolutely harrowing.
I will have to watch this 15 more times before I can grasp how he made all those shrewd decisions. Neither do I understand how Sigmund could be sitting on silver mines and incurring debt to the point of destroying his credit. Economics eludes me and that´s why I don´t have money, I guess. Thanks for the video. The Fugger name is still on some old buildings here in Spain.
Partying is expensive. Many of those kings and nobles spent all their money on war or frivolous things. They only consumed funds and rarely multiplied them. They took taxes and fees but it was never enough. They usually took loans. Like Sigmund, taking loans for his lavish lifestyle. Absolute folly. On the other hand, bankers were austere, didn’t spend much, accumulated money and made it grow through loans and usury.
Interesting that RUclips serves up this suggestion mere hours after I watch a link sent my way >Michael Hudson: Debt, Economic Collapse, and the End of Civilization
1:10 crazy to think people used to move to the city to get AWAY from oppressive nobles, and now if you wanna do that, you gotta live basically live in a shack in the woods.
In the end, their risk concentration on the Habsburgs crushed them. But it is a wonderful story, and there are quite a few similar dynasties like them, not of course to mention the Medici.
Fugger had business in London, France and Spain, anywhere there was a need to finance the wars and politics. His homown was in Augsburg, Bavaria and his mines were in the Austrian Empire.
@@johnadan2725 you can use brains to outsmart brawn. Brawn only works if you can get away with it and don't beat up a smarter person who can get revenge
My favorite part of Fugger's story was him creating the Austro Hungarian empire when his Hungarian copper mines were threatened by the Ottomans. Maximilian was requested to marry a Hungarian nobleman to cement the defense. That, and him using the first bank notes to transport church tithes. That was how his fortune began.
The Austrian Empire was created by Rudolf Habsburg, when he killed the Goldem King Otakar at the battle of Marchegg in the 14th Century. Bohemia was the Golden Kingdom, the richest country in Europe, at the time. Subsequently Emperor Charles 4th used the riches to build magnificient cities, churches, palaces and castles, still standing, to this day..
Miss DETAILED things of what making Fugger rich: 1. Innsbruck LARGEST MINE in Europe. Most silver money comes from his mine. 2. He give Emperor a coronation gown since the emperor CANT AFFORT ONE.
Actually, the largest mine is the one in Schwaz, which I mentioned. Since the more important city of Innsbruck is located close, some people call it the Innsbruck mine. www.tyrol.tl/en/highlights/sights/schwaz-silver-mine/ And yes, he gave the emperor and his other clients many gifts. Giving things for free is a clever tactic to ensure your clients continue to remain loyal.
@@HistoryXFinance Yes you mentioned it, but as if Schwaz mine only his side job. That the single thing in his entire life that make him what he was beside the pope's deal.
@@gundarvarr1024Yes you’re right. The mines could have been highlighted as being more crucial. Fugger then also got mercury mines in Spain (Almaden), to monopolise gold mining process which needed mercury. The Rothschilds conscientiously sought to emulate them by gaining control of both the Almaden mines in Spain and the Idrija mine in current Slovenia, which the Fuggers once controlled 3 centuries earlier. Basically, the Rothschild’s were inspired by the Fuggers.
Sadly, his bank didn't survive long after him. The only thing to show is the Fuggerei, the charitable housing estate that Fugger founded off the profits of his activities.
@@meilinchan7314 The Fugger family are alive and well. They are also wealthy, maybe not as much as they were, but they have a number of Princes, Princesses and Counts amongst their number. Some members of the family are still involved with banking.
@@neverbows I mean they can. But anyone with numerous resources (reflected in the form of money) can do those things. Nothing special banking or bankers in that regard. People have done that without them too. In numerous countries there is a whole black market lending system. What are we going to outlaw lending altogether?
@@radoslavkunska136 why would you even ask that question? Do you even bother reading Jewish Encyclopedias? Why do clowns ask for proof of something so obvious? The Fugger Family never even denied their Jewish heritage.
Great presentation ! However , as nowadays we always want to look for the " bad guy " , find a guilty party , in politics and world history there are many different influences at work , not only just 1 person , even though one person may be all it takes for any one policy , any one decision . Money and power is a risky business . Fugger here definitely was a genius with money and all things financial ! One thing everybody can learn from this is to stay out of debt , become financially responsible ! ( and study history ! ) Thank you for this very informative video ! 👑
@@JJ-io4pe I hired a Guatemalan at the local Home Depot. he really worked hard, I had to tell him to work slow and take beaks from time to time. he wasn't rich.
Your grandmother that was hanged at Nuremberg in 1948 was a direct Fugger descendant. After being “collectivized” by many red army soldiers was she led to the gallows for war crimes
I have one huge problem with this video. The editing. Most of the pictures are not from the time period and some even look AI generated. It severely undermines the credibility of everything that is being said.
Love seeing German history here. But there is one crucial problem with your video: You fail to establish what century the events take place in. How could you leave out something SO crucial for a historical biography?? Until Henry Vlll was mentioned, I wasn't even sure what century we were in.🙁
👑 It's always wild to hear about people who become the best at something they aren't particularly interested in at first. Mendel was a a Catholic monk who accidentally created genetics. Constructive criticism for you: end your videos with a question for the audience and I think you'll get more viewer engagement in the comments. Also, I think you could turn the catholicism and orthodox setting up capitalism and communism section of your religion video into a full video of its own if you wanted to.
While researching for the video, I also found an interesting fact about First of all, thanks for always supporting my channel, I'm very grateful. And to address some of your points: Martin Lurther was originally intended to be a lawyer but then he switched to theology which he found more interesting and received a doctorate in theology. The rest, of course, is history. lutheranreformation.org/flannelgraph/pdf/Luther-as-Monk.pdf And yes, definitely, that is good feedback. I’ll be sure to add more questions to encourage engagement! Yes, that would make for an interesting topic but unfortunately, I couldn’t find enough authentic material to make a 20 min video on the subject.
You too can do this. Just buy the stocks with the best performance for the past 10 years, like Nvidia (NVDA) and BlackRock (BLK), for example, a little everey month. The compound interest snow balls and goes up straight after 20 years. It is fun and profitable.
this was a really interesting video. thank you for sharing this seems fitting for here Mark 8:36-38 King James Version 36 For what shall it profit a man, if he shall gain the whole world, and lose his own soul? 37 Or what shall a man give in exchange for his soul? 38 Whosoever therefore shall be ashamed of me and of my words in this adulterous and sinful generation; of him also shall the Son of man be ashamed, when he cometh in the glory of his Father with the holy angels.
Jakob Fugger was not a peasant. He came from a wool merchant family in Augsburg, Bavaria. He saw the greed, corruption and the endless wars of conquest. He was willing to finance it, but only to those who were able to pay him back, with interest. He did not invent the greed, corruption and warfare. He founded the first industrial syndicate and the first mining academy. The business was described in detail during his lifetime. Anyone could reproduce it. This is a valuable resource even today. He took care of his employees. "Die Fuggerei", a retirement community for his company employees in Augsburg is operating to this day.
Can you please hook me up with some sources? I'm having trouble finding any regarding the family's connection to Judaism. So far i only found that he financed jewish scribes. Thanks man, i really appreciate any help.@angrypidgeon1714
@angrypidgeon1714 nope, he was a catholic.
@@angrypidgeon1714 Can you genuinely explain why you arrived at that conclusion, even though you had no evidence for it. I really hope you aren’t one of those blame any demography but my own sort of chaps, those sorts make out that never in history has a native European ever done one over on another native European (without some sort of alien ray gun manipulation). Life will be much easier for you when you accept that betrayal can come from any direction, just watch maury/ trisha/ jeremy kyle/judge judy, those shows will be like a easy read for you before moving onto the more serious sciences of human sociology and psychology.
@@ahmaddeeni pay me. We live in capitalism. Where did you get the idea you can ask me something for free? USSR? :D
@@JK-gu3tl makes sense, given the Catholics are about money not Christianity. Another kind of (bad) Jew. If you want to know what I'm talking about search this crossreference: Catholic Gladius Mafia CIA. That's besides watching The Borgias series :) And certainly besides the Inquisition, we don't talk about that :D
*This is where the expression, "My bank **_fuggered_** me over!" was coined.*
Schwabian dialect never had a double consonant that was pronounced double (as does Italian, Finnish). The gg was to indicate an unaspirated fortis k, as in the Swiss dialects today, where k is reserved for the aspirated fortis k. So it probably was pronounced as if it had a ck instead of the gg.
@@AtlantaBill Even _better._
🤣
@@AtlantaBill
LOL!!!
His mother was rich too, yeah, she was one rich mother Fugger.😆😆
this is what i need, the history of money's role in geopolitics. Thank you.
most of them is wrong
Who is this Fugger?
The movement of money IS geopolitics
Check out Economist Michael Hudson, and historian Matthew Ehret. This convergence needs to be more widely known in our specie's collective consciousness field. These greedy, amoral (many satanic) globalist's are still ruling our world today.
Very very important
I live just a 5-minute walk from Fugger's palace in Augsburg. I miss the information that he founded the world's first social housing project, which is still standing and whose residents still pay €1 (in words: one euro) a year in rent.
n whos paying the real value of that rent, someone have to!
@@t.r.l.4377 It is a perpetual charitable trust with its own land, mainly forest. Just search for “Fuggerei” in Wikipedia!
Indeed
@@t.r.l.4377 A trust fund
@@t.r.l.4377 If its free hold by a trust, then there is no extra "rent".
If you fully owned a house and let your friend stay there for free, then theres no extra expense. There is no "rent" in those instances.
Fugger was involved in collecting funds for the Pope’s expansion of St Peter’s Basilica. This was one of the causes for German resentment against Rome. Luther wrote about Fugger.
yeah,
the church n Royalty in dept.......
nothing bad can happen, eeh?!!
I’m surprised that some of the people who he financed, including kings and kings and emperors, didn’t kill him and take his money.
It is surprising, but as was stated he was a master negotiator who seemingly was always able to make himself more useful to his powerful allies alive, rather than dead.
This happened to Templars and other bankers. Fugger did not do business with jerks, only with the people who could pay him back, with interest. A contract was signed, before the deed was done.
To mention is the foundation from Jakob Fugger in 1521 which still exists in the German town Augsburg. There are today 67 houses with 140 apartments for 150 poor people of Augsburg having catholic faith. The rent is not so high. For a whole year the rent is 0’98 US$. And there are three well to do Fuggerfamilies in Germany, living more silent in their castles .
0.98 cent? that is not so high. That is dirt cheap.
@@ezwan7656It's 1 euro per year, but you have to be Catholic and attend mass daily, also help a bit with the community. It's meant to be a "backup plan" for poor Catholics in Augsburg
Thought you had to be dying, and super old too.
That is what some of the richer churches should be doing. They'd certainly get more followers if they started using their millions in real estate.
@@felixsubakti6907 he gives back to his community even after his death. He is not so bad tbh.
Very interesting. Never heard of this Fugger.
I read of him when I was 12, from the book "The Rich and How They Got Their Way".
😂
Play civ 6
I heard of his mom though…Mother Fugger…
His wife's name was Martha.
👑 Excellent piece of history on power, that does not focus on kings, emperors, generals, or the battlefield!
5:28 that's a depiction of Sigismund of Luxembourg, Holy Roman emperor on the left and Jakob Fugger on the right. This Sigismund died 12 years before that Fugger was born :p
More to the point: Sigismund started a crazy war against Venice and lost. Jakob Fugger financed it, using the preciuos metals mines in Slovakia as a collateral. His patnner was Thurzo, who learned how to smelt silver and how to fight in Venice. A brilliant move. They both got rich.
Thank you for taking the time to synthesize and simplify the information concerning Jakob Fugger. I enjoyed, and benefited from your clear retell.
The oldest Fugger known lived in the end of the 14th century! His name was Hans Fugger and he was a webster (weaver). He was well off and started the Fugger business that lasted generations!
He wasn't poor, he wasn't a peasant, he wasn't an oppressed and exploited man! What's the point of the video"s title? What for?
Jews bad
Still, his origins were humble, he wasn't nobility or upper bourgeoisie. That's the point
@@barbthegreat586 Yeah from what I could find, Hans came from a small rural village which although they don't have any records, it's very likely that they were just farmers, which definitely qualifies as humble beginnings.
He might have been well off but he was not Fugger rich like the Fuggers after him.
Great documentary. Nicely paced. Thanks!👑
👑 here is to the algorithm :D awesome video dude!
I am interesting in learning more about the father and mother Fuggers
😂
Meet the Fuggers
😂
It was a typical family business, as it should be, the key stone of society and State.
Fascinating. Just discovered your channel. Subbed.
👑 Terrific video. Great story and graphics with the picture choices.
👑👑👑great piece of work here. I’d never heard of the Fuggers before. I’ll have to read on it.
PEASANT and MERCHANT are 2 different class.
Often pretty close though
rags to riches stories are seldom if ever indigent to ruling class. Most if not all have wealthy benefactors. When JP Morgan died the majority of his estate went back to the Rothchilds. Wasn’t his money. As they say it takes money to make money. And most important it’s not what you know it’s who you know. The family was already wool merchants and Jacob 1 used his family connections to get into banking. Not a peasant.
@@books4739if you think the wealth disparity is wide now imagine what it was back then. You’re delusional if you think the merchant class and peasants class were close in economic resources and security. The closer the middle class is to the aristocracy the better so You must think it’s still 1950 where the gap was the closest it has ever been in the history of the world.
@@caseyreed5231 You can be a small merchant. A local merchant selling to a local village isnt going to be noticably wealthy. The equivalent of the local convenience store.
You can become a merchant. But still a peasant . 🤦🏽♂️ I know .
Thanks mate, nice essay well done.
A rich guy named Fugger. Figures.👑 ... Both Bill Gates and Warren Buffet have photographic memory. Buffet can do Net Present Value calculations in this head while he reads Profit and Loss statements. Its why two geniuses like to play Bridge, which is primarily a game of memory. Fugger probably had something similar going for him. But all that lifelong effort lead to his contribution to the 30 Years War. A war that put the development of Germany back by a 100 years. In the end, he really fugged things up.
Ah yes, you make an interesting point. He certainly could have a great memory or other traits that gave him with an advantage in finance, but we don't know this for a fact.
And yes, blinded by his own ambition, he failed to look at the bigger picture and how his actions would ultimately impact society. While the 30 year war was horrific, I wouldn’t exactly say it caused Germany’s development to lag behind. On the contrary, it led to the entrenchment of the nation-state - an institution that allowed for a far greater mobilization of manpower and resources. Nation-states would come to replace the decentralized empires of old in terms of military, industrial, and technological prowess.
Some resources to read:
pressbooks.pub/abriefhistory/chapter/making-connections-between-events-the-peace-of-westphalia-and-the-rise-of-the-nation-state/
is.muni.cz/el/1423/jaro2015/MVZ102/um/porter_105_148.pdf
Photographic memories have never actually been demonstrated…some people have excellent memories in certain domains though. I’ve actually gone to some of Buffet’s speeches and he certainly does not remember everything!
@@Michael-cb5nm All I know is that in an interview or talk with somebody, Buffet demonstrated that he could recall a number from a table of numbers used in interest calculations. This was before desktop computing was a thing.
It mean he could read a large series of profit and loss statements, then go about other things while is brain did calculations that would tell him which company to invest in. That's a considerable leg up on most people.
When Bill Gates was a teenager he read the entire 22 volumes of the World Book Encyclopedia. That probably gave him a clear idea of what kinds things made for building a monopoly. He was three semesters in at Harvard when the first micro computers came out and he grabbed Steve Ballmer and said "This is it. This is what we can dedicate our lives to." Software for micro computers that would eventually become operating systems for desktops. The most natural monopoly there has ever been.
He was a small hat... It was his religion pushing him to do it
it was mostly Marthin Luther and his revolution that fucked up Germany.
This all happening right now throughout the world.
👑 Very interesting. History from the view of the banker instead of the nobles. Thank you.
Been watching since day 1 so glad to see things picking up for you 👏🏻
Legend!
He wanted to become a priest and a churchman.... and ironically, he became a banker of churchmen. LOL.
And basically owned the church.
Family sent him to Vatican to become priest. There he learned about finance and how to make money. Templars have done it before, on the battlefiled in Palestine, but were killed by a greedy King Francois 2, with the consent of the Pope, who was under a house arrest in France. Fugger learned a lesson well from this.
👑Thanks really enjoyed it.
Wow well taught .. really a good lesson in history meets finance. What is history without the monetary influence, impact and implications. The good side of Fugger is his keen sense of achievement, interaction and will power. His weak side is poor leadership talent and compassion that resulted in unintended consequences. Often said, history repeats because the real facts are missed and narratives dominate. Time for relearning. Thank you for this video.
Lasciante ogni speranza, voi che 'ntrate. (Forget about it, when facing the robber barons. You are a dead meat.) So said Machiavelli, int Dante's "Hell".
A man involved in guilds (arranged to avoid competition) and syndicates (syndics were mayors that blurred the line between commerce and government) was not involved in "capitalism" in any meaningful way. Capitalism involves delayed consumption (not the pooling of OPM or other people's capital) and unfettered competition (the lack of government protections). This man was an early progenitor of corporatism and the corporate form of the early guilds morphing and evolving from the corporate form of medieval municipalities.
Insane take to believe capitalism is based on unfettered competition.
Competition is a process not a constant, you know what happens when companies compete? One wins. Competition has it's own contradiction in itself and inevitably leads to monopolistic tendencies
@@StephanieMcPeakPetersen FACT CHECK. Your comment checks out to be completely TRUE.
@@HairEEck Capitalism is just free trade. Anything inhibiting the "free trade" part is called antiCapitalist. This could be trade unions, monopolies, governments, slavery, criminals, etc.
@@dherman0001 capitalism is absolutely not just "free trade" who taught you this definition ? Capitalism is private ownership of the means of production in a for-profit market economy.
Nowhere does it say the market has to be free. The very idea of a "free-market" is made up and highly subjective anyway.
@@HairEEck Capitalism is as simple as me pulling weeds in your garden in trade for a few dozen eggs from your chickens. Its inherently good. Thats Capitalism/free trade. A government saying I must be paid a specified minimum amount of eggs, is antiCapitalist/ anti free trade. What part of all this is confusing you?
That was very interesting. I didn't really know anything about this pivotal figure from European history.
👑Fascinating. Every child on Earth should be taught about people like this. Massive players that create possibilities for some by exploiting/fooling the rest. The man who invented indulgences deserves almost as much study time as the man who defied indulgences, no?
Great insight.
They manipulated kings. They were genius.
👑 awesome video new subscriber
👑 nice video. Nice to see history about my home town Augsburg.
5:17 - The "Sigmund" pictured here his the Holy Roman Emperor, Sigismund of Luxembourg, who died in 1437. Jakob Fugger wasn't born until 1459.
It is interesting how all this power in one hand created so much wealth on paper, yet so much destruction in reality. Any reduction of Europe’s population that achieved double digits is absolutely harrowing.
I will have to watch this 15 more times before I can grasp how he made all those shrewd decisions. Neither do I understand how Sigmund could be sitting on silver mines and incurring debt to the point of destroying his credit. Economics eludes me and that´s why I don´t have money, I guess. Thanks for the video. The Fugger name is still on some old buildings here in Spain.
Partying is expensive. Many of those kings and nobles spent all their money on war or frivolous things. They only consumed funds and rarely multiplied them. They took taxes and fees but it was never enough. They usually took loans. Like Sigmund, taking loans for his lavish lifestyle. Absolute folly.
On the other hand, bankers were austere, didn’t spend much, accumulated money and made it grow through loans and usury.
The video is oversimplified. Fugger works are described in detail in contemporary works, illustrated. Very interesting reading.
Interesting that RUclips serves up this suggestion mere hours after I watch a link sent my way >Michael Hudson: Debt, Economic Collapse, and the End of Civilization
1:10 crazy to think people used to move to the city to get AWAY from oppressive nobles, and now if you wanna do that, you gotta live basically live in a shack in the woods.
stadtluft macht frei
Or you can build an off the grid family homestead, self sufficient. Many people do this and show it in RUclips.
@@johnadan2725 Sounds like a shack in the woods to me
In the end, their risk concentration on the Habsburgs crushed them. But it is a wonderful story, and there are quite a few similar dynasties like them, not of course to mention the Medici.
And the Rothschilds, a lot of similarities in getting in good with a poor money managing king. Thanks for posting.
all one lineage......!
Fugger had business in London, France and Spain, anywhere there was a need to finance the wars and politics. His homown was in Augsburg, Bavaria and his mines were in the Austrian Empire.
his hometown
The fact that a banker was more powerful than a king isn't exactly surprising
Brains or brawn?
@@johnadan2725 you can use brains to outsmart brawn. Brawn only works if you can get away with it and don't beat up a smarter person who can get revenge
My favorite part of Fugger's story was him creating the Austro Hungarian empire when his Hungarian copper mines were threatened by the Ottomans. Maximilian was requested to marry a Hungarian nobleman to cement the defense.
That, and him using the first bank notes to transport church tithes. That was how his fortune began.
The Austrian Empire was created by Rudolf Habsburg, when he killed the Goldem King Otakar at the battle of Marchegg in the 14th Century. Bohemia was the Golden Kingdom, the richest country in Europe, at the time. Subsequently Emperor Charles 4th used the riches to build magnificient cities, churches, palaces and castles, still standing, to this day..
Miss DETAILED things of what making Fugger rich:
1. Innsbruck LARGEST MINE in Europe. Most silver money comes from his mine.
2. He give Emperor a coronation gown since the emperor CANT AFFORT ONE.
Actually, the largest mine is the one in Schwaz, which I mentioned. Since the more important city of Innsbruck is located close, some people call it the Innsbruck mine.
www.tyrol.tl/en/highlights/sights/schwaz-silver-mine/
And yes, he gave the emperor and his other clients many gifts. Giving things for free is a clever tactic to ensure your clients continue to remain loyal.
@@HistoryXFinance Yes you mentioned it, but as if Schwaz mine only his side job. That the single thing in his entire life that make him what he was beside the pope's deal.
@@gundarvarr1024Yes you’re right. The mines could have been highlighted as being more crucial.
Fugger then also got mercury mines in Spain (Almaden), to monopolise gold mining process which needed mercury. The Rothschilds conscientiously sought to emulate them by gaining control of both the Almaden mines in Spain and the Idrija mine in current Slovenia, which the Fuggers once controlled 3 centuries earlier. Basically, the Rothschild’s were inspired by the Fuggers.
@@HistoryXFinance"ummm... actually 🤓☝️"
thats anti.....emitic.....!
👑 Thank you for the good job.
👑. Hey can you make a video on how investing in the Wild West shaped America?
👑 Superb. Thank you for all the details
An excellent video. I am curious as to his family descendants down to modern times.
Sadly, his bank didn't survive long after him. The only thing to show is the Fuggerei, the charitable housing estate that Fugger founded off the profits of his activities.
@@meilinchan7314 The Fugger family are alive and well. They are also wealthy, maybe not as much as they were, but they have a number of Princes, Princesses and Counts amongst their number. Some members of the family are still involved with banking.
Many years ago, I got to visit the Fuggerei in Ausburg. Good job. Thanks for posting this video !! 👑
Great video!!👑
Fantastic video, good job!👏
Thank you very much!
Hmmm, remember kids don't simp for a banker.
Get therapy
He was a misunderstood, peasant and banker who did the evil things
Isn’t there a three letter word to describe these creatures? 😂
I mean they help make modern world and industry work. That’s not simping it’s simply a fact.
@@Coolrunnings007 they also perpetuate the fractional banking debt slavery system and wars.
@@neverbows I mean they can. But anyone with numerous resources (reflected in the form of money) can do those things. Nothing special banking or bankers in that regard. People have done that without them too. In numerous countries there is a whole black market lending system. What are we going to outlaw lending altogether?
I blame the Fuggers for the horrible wars for the Reformation wars and the Counter Reformation wars.
He was a Khazar by ancestry. One of the name changers.
Is there any proof?
@@radoslavkunska136 why would you even ask that question? Do you even bother reading Jewish Encyclopedias? Why do clowns ask for proof of something so obvious? The Fugger Family never even denied their Jewish heritage.
bullshit
🙈 what a heap of idiotic and uneducated nonsense
@@radoslavkunska136
none.......than thats the proof!
😁
We need a movie of him and his family. Meet the fuggers is my suggestion
Great presentation !
However , as nowadays we always want to look for the " bad guy " , find a guilty party , in politics and world history there are many different influences at work , not only just 1 person , even though one person may be all it takes for any one policy , any one decision .
Money and power is a risky business .
Fugger here definitely was a genius with money and all things financial !
One thing everybody can learn from this is to stay out of debt , become financially responsible !
( and study history ! )
Thank you for this very informative video !
👑
n out of debt is the cause they hunt you down........!
👑 Interesting. I learned something today.
Wtf. Check the family today. There are still rich😮😮😮
This is an excellent site,thank you for the uploads.
"He worked really hard,..." I have heard this bullshit who knows how many times. We all work very hard,he was just lucky.That's all.
I would say he made his own luck by being clever and working hard. Is it easier on ego to believe it is all just on the turn of a roulette wheel?
Lol I don't know anyone that works hard including me. Why do we feel the need to lie about working hard?
Children used in mining work the hardest. They should be very rich according to this bs theory .
Not to mention the skeletons in his basement .
@@JJ-io4pe I hired a Guatemalan at the local Home Depot.
he really worked hard, I had to tell him to work slow and take beaks from time to time.
he wasn't rich.
👑Nice video!
Everybody mentioned the role of the family patriarch and his influence on his family but not one mention of the family's Matriarch... Mother Fuggar.
Please elaborate
@@peterderycke5766it's a pun
Hes portrayed in Maximilian the series….good show
11:49 US style Super PAC disagree bro 😂
Very interesting. Never heard of this Fugger.👑👑👑
Was he genetically Ashkenazi that converted? And was it only one wife that gave 11 kids?
My granny had 11 eleven childs, its a very catholic think to do, non jews can be bankers, if the was a jew it would not got sense de-ban usury
You did not watch the video! Either that or you were inattentive.
@@ravenblack7052 You can be catholic and genetically Ashkenazi. Germany was the home of most Ashkenazis in Europe.
Your grandmother that was hanged at Nuremberg in 1948 was a direct Fugger descendant. After being “collectivized” by many red army soldiers was she led to the gallows for war crimes
@@benk6077 templars, jesuits, freemasons, etc. aren't joos yet serve a similar master. The real power brokers have never been exposed.
crown emoji - excellent vid!
First? 👀☕
Imagine if Martin Luther became a King. 🥁
Learned something new today. Thanks. Very interesting history.
I have one huge problem with this video. The editing. Most of the pictures are not from the time period and some even look AI generated. It severely undermines the credibility of everything that is being said.
Good incentive to dig deeper.
👑 Great video as always!
Thank you!
Love seeing German history here. But there is one crucial problem with your video: You fail to establish what century the events take place in. How could you leave out something SO crucial for a historical biography?? Until Henry Vlll was mentioned, I wasn't even sure what century we were in.🙁
The 15th and 16th Centuries. The important dates are listed.
The 15th and 16th Century. Fugger created the military industrial complex. We pay taxes for it even today. Dig deeper.
Saw the movie Meet The Fuggers
👑 It's always wild to hear about people who become the best at something they aren't particularly interested in at first. Mendel was a a Catholic monk who accidentally created genetics.
Constructive criticism for you: end your videos with a question for the audience and I think you'll get more viewer engagement in the comments.
Also, I think you could turn the catholicism and orthodox setting up capitalism and communism section of your religion video into a full video of its own if you wanted to.
While researching for the video, I also found an interesting fact about First of all, thanks for always supporting my channel, I'm very grateful.
And to address some of your points: Martin Lurther was originally intended to be a lawyer but then he switched to theology which he found more interesting and received a doctorate in theology. The rest, of course, is history. lutheranreformation.org/flannelgraph/pdf/Luther-as-Monk.pdf
And yes, definitely, that is good feedback. I’ll be sure to add more questions to encourage engagement! Yes, that would make for an interesting topic but unfortunately, I couldn’t find enough authentic material to make a 20 min video on the subject.
@@HistoryXFinance Ah that's unfortunate. My mind was blown by that comparison, it makes a lot of sense!
👑 great vid
So was he Jewish? You seem to avoid saying.
Watch the video closely. He was clearly catholic.
This should have been clear the moment his desire to join the Catholic Church was mentioned. M.0.R.0.n
He was a German Catholic. Don't you know that non-jews can be incredibly successful and simultaneously underhanded?
@@ayathados6629Well said
Plot twist: Jakob is secretly Yakoob God of racism.
👑the riches man I never heard of. This was an interesting video. You got one more subscriber.
George soros
👑 A very interesting video.
SUBSCRIBED
That's why RUclips is sometimes a disgrace. I wish I knew this channel earlier
👑 amazing work
Outstanding briefing on Jakob Fugger, my 15th GGF on my father's side. Jakob had a son (Georg Fugger Baron of Fugger-Kirchberg) by Barbara Bäsinger.
Cool to hear from a real Fugger!
nothing to be proud of......!
Interesting video - had never heard of this man.
Very interesting. Il definitely watch again and look further into the goings on of this period
👑thanks for the video
Excellent video. This guy would be one of my top 3 john connors.
❤ I can't find a Crown 'Excellent work well done
Such a great video. 👑
👑 great video, you got my subscription
👑👑 Read the book on Fugger, but this with the paintings was a great summary
Another fantastic video
Where’s the crown emoji? 😂 great material!!
I do not have any idea of identifying emojis. I watched it to the end, enlightening information thanks.
So much money and no children…super interesting
they switched their names after him.........again.......again.......n again!
Wow...that Fugger was wealthy.
You too can do this. Just buy the stocks with the best performance for the past 10 years, like Nvidia (NVDA) and BlackRock (BLK), for example, a little everey month. The compound interest snow balls and goes up straight after 20 years. It is fun and profitable.
Keep Love as your power and love Love on it all !!
🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
👑 Excellent content, well paced and well illustrated. Subscribed.
Very interesting.👑
The real winner here was his mother, whose name lives on in the common vernacular.
Mother Fugger, RIP
👑 Great video.
👑 hippity hoppity your mines are now my property.
👑 Who are the Jacob Fuggers of today?
this was a really interesting video. thank you for sharing
this seems fitting for here
Mark 8:36-38
King James Version
36 For what shall it profit a man, if he shall gain the whole world, and lose his own soul?
37 Or what shall a man give in exchange for his soul?
38 Whosoever therefore shall be ashamed of me and of my words in this adulterous and sinful generation; of him also shall the Son of man be ashamed, when he cometh in the glory of his Father with the holy angels.