Fugger Banking Family

Welser was a german banking and merchant family originally a patrician family from augsburg 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.

Fugger banking family. Fugger family fugger family decline of the house. For these nominalists the proper measure of usury was the intent of the borrower and lender. Is a german upper bourgeois 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. Fugger family german mercantile and banking dynasty that dominated european business during the 15th and 16th centuries developed capitalistic economic concepts and influenced continental politics.

In 1527 he married anna rehlinger a patrician s daughter who bore him four. Eck supported by the fugger banking family became famous for his book tractates contractu quinque de centum defending five percent as a harmless and therefore legal rate of interest as long as the loan was for a bona fide business opportunity. Hans fugger a weaver born in the village of graben in swabia established the family in augsburg.