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Welser
Welser was a Germans, German banking and merchant family, originally a patrician (post-Roman Europe), patrician family based in Augsburg and Nuremberg, 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 and the German colonization of the Americas, including slave trade. The family received colonial rights of the Province of Venezuela from Charles V, who was also King of Spain, in 1528, becoming owners and rulers of the South American colony of Klein-Venedig (within modern Venezuela), but were deprived of their rule in 1546. Philippine Welser (1527–1580), famed for both her learning and her beauty, was married to Ferdinand II, Archduke of Austria, Archduke Ferdinand, Emperor Ferdinand I's son. Claiming descent from the Byzantine gen ...
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Klein-Venedig
(Little Venice) or Welserland (pronunciation [ˈvɛl.zɐ.lant]) was the most significant territory of the German colonization of the Americas, from 1528 to 1546, in which the Welser banking and patrician family of the Free Imperial Cities of Prince-Bishopric of Augsburg, Augsburg and Free Imperial City of Nuremberg, Nuremberg obtained colonial rights in the Venezuela Province, Province of Venezuela in return for debts owed by the Holy Roman Emperor Emperor Charles V, Charles V, who was also King of Spain. In 1528, Charles V issued a charter by which the House of Welser possessed the rights to explore, rule and colonize the area, also with the motivation of searching for the legendary golden city of El Dorado. The venture was led at first by Ambrosius Ehinger, who founded Maracaibo in 1529. After the deaths of Ehinger (1533) and then his successor Georg von Speyer (1540), Philipp von Hutten continued exploration in the interior, and in his absence from the capital of the province ...
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Philippine Welser
Philippine Welser (152724 April 1580) was the morganatic wife of Ferdinand II, Archduke of Austria. She was granted the titles Baroness of Zinnenburg, Margravine of Burgau, Landgravine of Mellenburg and Countess of Oberhohenberg and Niederhohenberg. Biography Philippine Welser's father was Franz (Friedrich) Welser (born 2 November 1497 in Augsburg; died 29 October 1572 in Ravensburg), an Augsburg merchant and patrician. Her mother was Anna, Freiin von Zinnenburg (née Adler) ( born 1507; died 5 January 1572 in Weiherburg / Innsbruck). She was the niece of the world merchant and banker Bartholomäus V. Welser, although their relationship to one another remains open because of the inadequate sources. The overall incomplete information about her biography (especially her youth) led to the development of many myths soon after her death, the oldest and still most persistent myth being that of her oversized beauty. The emperor's son Archduke Ferdinand II of Habsburg, Prince of Tyro ...
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Venezuela
Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in the Caribbean Sea. It has a territorial extension of , and its population was estimated at 29 million in 2022. The capital and largest urban agglomeration is the city of Caracas. The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. The Venezuelan government maintains a claim against Guyana to Guayana Esequiba. Venezuela is a federal presidential republic consisting of 23 states, the Capital District and federal dependencies covering Venezuela's offshore islands. Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the n ...
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German Colonization Of The Americas
German attempts at the colonization of the Americas consisted of German Venezuela (german: Klein-Venedig, also german: Welser-Kolonie), Saint Thomas (Brandenburg colony), St. Thomas and Vieques, Puerto Rico, Crab Island in the 16th and 17th centuries. History Klein-Venedig ''Klein-Venedig'' ("Little Venice"; also the etymology of the name "Venezuela") was the most significant part of the German colonization of the Americas, from 1528 to 1546, in which the Augsburg-based Welser banking family to the Habsburgs was given the colonial rights by Emperor Charles V, who was also King of Spain and owed debts to them for his Imperial election, 1519, Imperial election. In 1528, Charles V issued a charter by which the Welsers possessed the rights to explore, rule and colonize the area with the primary motivation of searching for the legendary golden city of El Dorado. The venture was initially led by Ambrosius Ehinger, who founded Maracaibo in 1529. After the deaths of first Ehinger (15 ...
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Ferdinand II, Archduke Of Austria
Ferdinand II, Archduke of Further Austria (Linz, 14 June 1529 – 24 January 1595, Innsbruck) was ruler of Further Austria and since 1564 Imperial count of Tirol. The son of Ferdinand I, Holy Roman Emperor, he was married to Philippine Welser in his first marriage. In his second marriage to Anna Juliana Gonzaga, he was the father of Anna of Tyrol, future Holy Roman Empress. Biography Archduke Ferdinand of Austria was the second son of Ferdinand I, Holy Roman Emperor and Anna of Bohemia and Hungary. He was a younger brother of Emperor Maximilian II. At the behest of his father, he was put in charge of the administration of Bohemia in 1547. He also led the campaign against the Turks in Hungary in 1556. In 1557 he was secretly married to Philippine Welser, daughter of a patrician from Augsburg, with whom he had several children. The marriage was only accepted by Emperor Ferdinand I in 1559 under the condition of secrecy. The children were to receive the name "of Austria" but ...
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Fugger
The House of Fugger () 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 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. The Fuggers took over many of the Medicis' assets and their political power and influence. They were closely affiliated with the House of Habsburg whose rise to world power they financed. Unlike the citizenry of their hometown and most other trading patricians of German free imperial cities, such as the Tuchers, they never converted to Lutheranism, as presented in the Augsburg Confession, but rather remained with the ...
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Charles V, Holy Roman Emperor
Charles V, french: Charles Quint, it, Carlo V, nl, Karel V, ca, Carles V, la, Carolus V (24 February 1500 – 21 September 1558) was Holy Roman Emperor and Archduke of Austria from 1519 to 1556, King of Spain (Crown of Castile, Castile and Crown of Aragon, Aragon) from 1516 to 1556, and Lord of the Netherlands as titular Duke of Burgundy from 1506 to 1555. He was heir to and then head of the rising House of Habsburg during the first half of the 16th century, his dominions in Europe included the Holy Roman Empire, extending from Kingdom of Germany, Germany to Kingdom of Italy (Holy Roman Empire), northern Italy with direct rule over the Austrian hereditary lands and the Burgundian Low Countries, and Habsburg Spain, Spain with its southern Italy, southern Italian possessions of Kingdom of Naples, Naples, Kingdom of Sicily, Sicily, and Kingdom of Sardinia, Sardinia. He oversaw both the continuation of the long-lasting Spanish colonization of the Americas and the short-live ...
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Province Of Venezuela
The Venezuela Province (or Province of Caracas) was a province of the Spanish Empire (from 1527), of Gran Colombia (1824-1830) and later of Venezuela (from 1830), apart from an interlude (1528 - 1546) when it was contracted as a concession by the King of Spain to the German Welser banking family, as Klein-Venedig. Colonial history It has its origins with the 1527 foundation of Santa Ana de Coro by Juan de Ampíes, the province's first governor. Coro was the province's capital until 1546, followed by El Tocuyo (1546 - 1577). The capital was moved to Caracas in 1577Distrito Capital
by . At one time Calabozo (founded 1724) wa ...
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Augsburg
Augsburg (; bar , Augschburg , links=https://en.wikipedia.org/wiki/Swabian_German , label=Swabian German, , ) is a city in Swabia, Bavaria, Germany, around west of Bavarian capital Munich. It is a university town and regional seat of the ''Regierungsbezirk'' Schwaben 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 300,000 inhabitants, with 885,000 in its metropolitan area. After Neuss, Trier, Cologne and Xanten, Augsburg is one of Germany's oldest cities, founded in 15 BC by the Romans as Augsburg#Early history, Augusta Vindelicorum, named after the Roman emperor Augustus. It was a Free Imperial City from 1276 to 1803 and the home of the patrician (post-Roman Europe), patrician Fugger and Welser families that dominated European banking in the 16th century. According to Behringer, in the sixteen ...
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Nuremberg
Nuremberg ( ; german: link=no, Nürnberg ; in the local East Franconian dialect: ''Nämberch'' ) is the second-largest city of the German state of Bavaria after its capital Munich, and its 518,370 (2019) 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. Nuremberg forms with the neighbouring cities of Fürth, Erlangen and Schwabach a continuous conurbation with a total population of 800,376 (2019), which is the heart of the urban area region with around 1.4 million inhabitants, while the larger Nuremberg Metropolitan Region has approximately 3.6 million inhabitants. The city lies about north of Munich. It is the largest city in the East Franconian dialect area (colloquially: "F ...
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Emperor Ferdinand I
Ferdinand I ( es, Fernando I; 10 March 1503 – 25 July 1564) was Holy Roman Emperor from 1556, King of Bohemia, Hungary, and Croatia from 1526, and Archduke of Austria from 1521 until his death in 1564.Milan Kruhek: Cetin, grad izbornog sabora Kraljevine Hrvatske 1527, Karlovačka Županija, 1997, Karslovac Before his accession as Emperor, he ruled the Austrian hereditary lands of the Habsburgs in the name of his elder brother, Charles V, Holy Roman Emperor. Also, he often served as Charles' representative in the Holy Roman Empire and developed encouraging relationships with German princes. In addition, Ferdinand also developed valuable relationships with the German banking house of Jakob Fugger and the Catalan bank, Banca Palenzuela Levi Kahana. The key events during his reign were the conflict with the Ottoman Empire, which in the 1520s began a great advance into Central Europe, and the Protestant Reformation, which resulted in several wars of religion. Although not a milit ...
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Banking
A 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. Because 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. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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