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Seventeen generations later, during World War II, his descendants were still living off income derived from the business he built. But fleecing the faithful, like any Prostitutes Babenhausen con job, required a cover story, and the pope provided it via St. Fugger died in Decemberat age

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Inthere was an opening for the archbishop of Mainz, the most powerful position in Germany save Prostitutes Babenhausen the emperor. Such posts required payoffs, and only one man had the money to finance such an important elevation.

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But fleecing the faithful, like any good con job, required a cover story, and the pope provided it via St. He was the first documented millionaire, and the first businessman to compile a comprehensive financial statement for his business. He wound up in Austria, hoping Prostitutes Babenhausen get in on the mining Prostitutes Babenhausen of the time.

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But the mines were owned by Prostitutes Babenhausen Sigmund, a member of the Habsburg family and cousin of the emperor Frederick. Fugger was able to get Prostitutes Babenhausen in one borrowing spree, lending the archduke 3, florins and receiving 1, pounds of silver at eight florins a pound that he would later sell for It was a piddling amount compared to those lent by others, but it solidified his relationship Prostitutes Babenhausen Sigmund and the Habsburgs and allowed him entry into mining.

Meet the world’s richest man who changed Christianity

Fugger placed tough conditions on the loan, including forbidding Sigmund from repaying it with silver from his Prostitutes Babenhausen and giving Fugger Prostitutes Babenhausen of the state treasury. If Sigmund paid him back, then Fugger would walk away with a fortune.

These updates came to resemble newspapers, but predated the first newspaper by half-century. In a show of his increasing power, when Maximilian, under pressure from the other Prostitutes Babenhausen, cut Fugger out, Fugger put pressure on influential dukes and bishops to make Maximilian relent. The final Prostitutes Babenhausen came when Fugger persuaded a bishop who had lent Maximilian a large sum to recall the loan.

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He took it upon himself to pay Swiss mercenaries to protect Prostitutes Babenhausen pope, starting the tradition of the Swiss papal guards. Julius showed his gratitude by awarding Fugger the contract to mint the papal currency.

Fugger served seven popes and minted the coins for four of them. Fugger changed the world in profound ways. For Prostitutes Babenhausen, charging interest on loans, or usury, had long been considered a sin.

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