History of the Germans Ep. 194 – The Fuggers of Augsburg
Hello and welcome to the History of the Germans: Episode 194 – The Fuggers of Augsburg, which is also episode 10 of Season 10 “The Empire in the 15th Century”
Jakob Fugger had been dubbed the Richest Man Who Ever Lived, but there are many more contenders, my favorite being an African, Mansa Musa, the ninth Mansa of the Mali empire whose generous gifts during a visit to Mecca in 1324 triggered a currency crisis.
That is something Jakob Fugger would never have done. He never was a flamboyant banker who impressed his contemporaries with lavish displays of wealth. He was actually fairly dull. If anyone in the firm of Fugger was flamboyant, it was the chief accountant.
So if Jakob is a bit of a pale shadow, the story of what happened in the world of European Finance between 1480 and 1520 is anything but boring. Within just 40 years the heart of the banking industry moved from Florence and Venice where it had held sway since it was invented and moved north, into a medium sized Swabian city, Augsburg.
That is as if JP Morgan, Goldman Sachs and Morgan Stanley closed their doors and in their stead some local players from Scandinavia or Mexico took over the financing of the Global economy.
I am not kidding, something like that really happened back in the late 15th century.
The music for the show is Flute Sonata in E-flat major, H.545 by Carl Phillip Emmanuel Bach (or some claim it as BWV 1031 Johann Sebastian Bach) performed and arranged by Michel Rondeau under Common Creative Licence 3.0.
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To make it easier for you to share the podcast, I have created separate playlists for some of the seasons that are set up as individual podcasts. they have the exact same episodes as in the History of the Germans, but they may be a helpful device for those who want to concentrate on only one season.
So far I have:
Salian Emperors and Investiture Controversy
Fredrick Barbarossa and Early Hohenstaufen