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Welser was a German banking and merchant family, originally a 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 Archduke Ferdinand, Emperor Ferdinand I's son. [1] [2]
Claiming descent from the Byzantine general Belisarius, the family is known since the 13th century. By the early Age of Discovery, the Welser family had established trading posts in Antwerp, Lyon, Madrid, Nuremberg, Sevilla, Lisbon, Venice, Rome, and Santo Domingo. The Welsers financed not only the Emperor, but also other European monarchs. After the Reformation, both Welser and Fugger families remained in the Roman Catholic Church. [3]
The history of the family can be traced back to the 13th century, when its members held official positions in the city of Augsburg. Later, the family became widely known as prominent merchants. During the 15th century, when the brothers Bartholomew and Lucas Welser carried on an extensive trade with the Levant and elsewhere, they had branches in the principal trading centres of southern Germany and Italy, and also in Antwerp, London, and Lisbon. [4] In the 15th and 16th centuries, branches of the family settled at Nuremberg and in Austria. They were represented in the inner council by the Dance Statute of Nuremberg.
The business was continued by Antony (died 1518), a son of Lucas Welser. He was one of the first Germans to use the sea route to the East, which had been discovered by Vasco da Gama. [4]
Contrary to many historiographical depictions, the conquest of the Americas would not have been as successful as it was without the help of many other foreign actors, such as the Welser Family. Historian Julia Roth claims that a "relational perspective" on the Welser Family's contributions to the colonization of the Americas explains how the Welsers have continued to be an example for other "German colonial endeavors and fantasies." [5]
The Welser Family saw its chance to participate in the conquest of the Americas in the early to mid-1500s. In the Contract of Madrid (1528), King Charles V provided the Welsers with privileges within the African slave trade and conquests of the Americas as a reward for their financial contributions to his election in 1519. By March 1528, they were also granted the province of Venezuela. [5]
The Welser merchants also contributed to the mining industry in Cuba, as they discovered copper there. German traders (Welsers and Fuggers) contributed to the importation of German products to Cuba, such as equipment for mining and building railways. Historians Álvarez Estévez and Guzmàn Pascual argue that the Welser and Fugger contributions in Cuba led to the island's "first contact with international finance capital," and that these interrelations opened Cuban trade up to the "financial powers of the world." [6]
Bartholomeus V. Welser lent the Emperor Charles V a great sum of money for which, in 1528, he received as security the Province of Venezuela, developing it as Klein-Venedig (little Venice), but in consequence of their rapacious acts, the Welsers were deprived of their rule before the Emperor's reign was over.[ citation needed ] His son, Bartholomeus VI. Welser, explored Venezuela along with Philipp von Hutten and both were executed at El Tocuyo by local Spanish Governor Juan de Carvajal in 1546.
From 1528 to 1556, seven entradas (expeditions) led to the plunder and exploitation of local civilizations, but these colonial foundations led to future trade within the Americas. The first governors of Venezuela, Ambrosius Alfinger (1529–1533), Nicolas Federmann, and Georg von Speyer captured and enslaved local amerindians after their failed attempts to find gold on the Venezuelan coast. The Welsers contributed to the establishment of cities such as Coro, Maracaibo, and Bogotá. [5]
The Welser's hold of the slave trade in the Caribbean began in 1523, as they had begun their own sugar production in Santo Domingo. According to historian Julia Roth, "In 1532, the company purchased the sugar mill Santa Bàrbara in the department of San Juan de la Maguana through the Welser's overseas agent Sebastian Renz from Ulm for the price of 3427 Pesos, 202 Arrobas sugar, and 4 slaves." [5] Slaves were notably listed in the same category as animals, signaling the early dehumanization of African enslaved workers. Over the next 15 years, thousands of enslaved Africans were transported to the Americas.
Bartholomäus's niece, Philippine (1527–80), daughter of Franz Welser, was renowned for her learning and beauty. She secretly married the Archduke Ferdinand, second son of the Emperor Ferdinand I. She was given the titles Baroness of Zinnenburg, Margravine of Burgau, Landgravine of Nellenburg, and Countess of Oberhohenberg and Niederhohenberg. Their children were debarred from inheriting their father's rank as Archdukes of Austria; their son Margrave Andrew of Burgau became a cardinal and Charles, Margrave of Burgau became a noted general.
Another member of the Welser family, Markus Welser (1558–1614), was famed for his learning. He was a humanist, historian, publisher, and (from 1611) mayor of Augsburg.
Carl Wilhelm Welser von Neunhof (1663–1711) was a mayor of Nuremberg.
Bartholomeus V. Welser was ennobled by the Emperor in 1532. The Augsburg main line became extinct in 1797, the Nuremberg branch in 1878. The Ulm branch, who became Imperial Barons in 1713, still exists. [4] The Welsersche Familienstiftung (in English, the "Welser Family Foundation"), founded on 1 April 1539, still exists and has owned numerous castles in Germany. Following the extinction of the more senior lines of the family, the Ulm branch became administrators of the foundation.
In Augsburg there is the Fugger and Welser Adventure Museum that exhibits Welser and Fugger history. [7]
Augsburg is a city in the Bavarian part of Swabia, Germany, around 50 kilometres (31 mi) west of the Bavarian capital Munich. It is a university town and the regional seat of the Regierungsbezirk Swabia with a well preserved Altstadt. Augsburg is an urban district and home to the institutions of the Landkreis Augsburg. It is the third-largest city in Bavaria, with a population of 304,000 and 885,000 in its metropolitan area.
The House of Fugger is a German 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.
German attempts at the colonization of the Americas consisted of German Venezuela, St. Thomas and Crab Island in the 16th and 17th centuries.
Further Austria, Outer Austria or Anterior Austria was the collective name for the early possessions of the House of Habsburg in the former Swabian stem duchy of south-western Germany, including territories in the Alsace region west of the Rhine and in Vorarlberg.
Ferdinand II, Archduke of Further Austria was ruler of Further Austria and since 1564 Imperial count of Tyrol. 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.
Jakob Fuggerof the Lily, also known as Jakob Fuggerthe Rich or sometimes Jakob II, was a major German merchant, mining entrepreneur, and banker. He was a descendant of the Fugger merchant family located in the Free Imperial City of Augsburg. He was born and later also elevated through marriage to Grand Burgher of Augsburg. Within a few decades, he expanded the family firm to a business operating in all of Europe. He began his education at the age of 14 in Venice, which also remained his main residence until 1487. At the same time, he was a cleric and held several prebends. Even though he lived in a monastery, Jakob found time to study the history of investment in early Asian markets. American journalist Greg Steinmetz has estimated his overall wealth to be around $400 billion in today's money, equivalent to 2% of the GDP of Europe at that time.
Burgau is a town in the district of Günzburg in Swabia, Bavaria. Burgau lies on the river Mindel and has a population of just under 10,000.
Klein-Venedig or Welserland 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 Augsburg and Nuremberg obtained colonial rights in the Province of Venezuela in return for debts owed by the Holy Roman Emperor 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, the crown of Spain claimed the right to appoint the governor. On Hutten's return to the capital, Santa Ana de Coro, in 1546, the Spanish governor Juan de Carvajal had von Hutten and Bartholomeus VI. Welser executed. King Charles V revoked Welser's charter.
Prince Bartholomeus Welser was a German banker. In 1528 he signed an agreement with Charles V, emperor of the Holy Roman Empire, granting a concession in Venezuela Province, which became Klein-Venedig until the concession was revoked in 1546.
The Höchstetter family, from Höchstädt in western Bavaria near the banks of the Danube, were members of the fifteenth and sixteenth-century mercantile patriciate of Augsburg.
Johann Christoph Volkamer was a German merchant, manufacturer and botanist.
Philippine Welser 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.
Welser is a surname. Notable people with the surname include:
German Venezuelans are Venezuelan citizens who descend from Germans or German people with Venezuelan citizenship. Most of them live in Caracas, Maracaibo, Valencia, Colonia agrícola de Turén, El Jarillo, and Colonia Tovar where a small-reduced and decreasing minority of people speak the Colonia Tovar dialect, a German-derived dialect from their ancestry, and the Spanish language.
Charles, Margrave of Burgau, also known as Charles of Austria,, was the son of Archduke Ferdinand II of Austria and his first morganatic marriage to Philippine Welser. He was the brother of Andrew of Austria.
Mark Welser (1558–1614) was a German banker, politician, and astronomer, who engaged in learned correspondence with European intellectuals of his time. Of particular note is his exchange with Galileo Galilei, regarding sunspots.
Tucher von Simmelsdorf is a noble patrician family from Nürnberg. Like the Fugger and Welser families from Augsburg, their company ran trading branches across Europe between the 15th and 17th centuries, although on a somewhat smaller scale. The Protestant family played an import part in the economical and cultural development as well as in local politics. They were admitted to the governing council of the free imperial city since 1340, a hereditary privilege, and listed in the Dance Statute. After the acquisition of Simmelsdorf Castle in 1598, the family was named Tucher von Simmelsdorf and ennobled in 1697. In 1815, they became Bavarian barons.
The Patriciate of the Imperial City of Nuremberg, the families entitled to the Inner Council, represented the actual center of power in Nuremberg until the French occupation in 1806.
The Stromer von Reichenbach are one of the oldest patrician families of the Imperial City of Nuremberg, first mentioned in a document in 1254. The Stromers were represented in the Inner Council from the beginning of the tradition in 1318, with longer interruptions in the 16th and 17th centuries, until the end of the Imperial City period in 1806, and according to the Dance Statute they belonged to the twenty old councilable families.
Germany–Venezuela relations have a long tradition and were officially established in 1871. During Nicolás Maduro's tenure, relations have deteriorated and in 2019 Venezuela declared the German Ambassador Daniel Kriener a persona non grata; however, he was able to return to the country soon after. Close relations with Venezuela continue to be maintained by parts of the German left and the political party Die Linke.