Im 15. Jahrhundert begann sich in Innsbruck eine erste frühe Form der Industrialisierung zu entwickeln. Die Metallverarbeitung florierte unter der aufsteigenden Bauwirtschaft in der boomenden Residenzstadt und der Herstellung von Waffen und Rüstungen. Viele Faktoren trafen dafür zusammen. Die verkehrsgünstige Lage der Stadt, die Verfügbarkeit von Wasserkraft, Innsbrucks politischer Aufstieg, das Knowhow der Handwerker und die Verfügbarkeit von Kapital unter Maximilian ermöglichten den Aufbau von Infrastruktur. Glocken- und Waffengießer wie die Löfflers errichteten in Hötting, Mühlau und Dreiheiligen Betriebe, die zu den führenden Werken Europas ihrer Zeit gehörten. Entlang des Sillkanals nutzten Mühlen und Betriebe die Wasserkraft zur Energiegewinnung. Pulverstampfer und Silberschmelzen hatten sich in der Silbergasse, der heutigen Universitätsstraße, angesiedelt. In der heutigen Adamgasse gab es eine Munitionsfabrik, die 1636 explodierte.

Metalworking also boosted other sectors of the economy. At the beginning of the 17th century, there were 270 businesses in Innsbruck, employing master craftsmen, journeymen and apprentices. Although the majority of Innsbruckers were still employed in administration, trade, crafts and the money that could be earned from them attracted a new class of people. There was a reshuffling within the city. Citizens and businesses were pushed out of the new town by the civil service and the nobility. Most of the baroque palazzi that adorn Maria-Theresienstraße today were built in the 17th century, while Dreiheiligen and St. Nikolaus became Innsbruck's industrial and working-class districts. In addition to the metalworking industry around Silbergasse, tanners, carpenters, wainwrights, master builders, stonemasons and other craftsmen of early industrialisation also settled here.

Industry not only changed the rules of the social game with the influx of new workers and their families, it also had an impact on the appearance of Innsbruck. Unlike the farmers, the labourers were not the subjects of any master. Although entrepreneurs were not of noble blood, they often had more capital at their disposal than the aristocracy. The old hierarchies still existed, but were beginning to become at least somewhat fragile. The new citizens brought with them new fashions and dressed differently. Capital from outside came into the city. Houses and churches were built for the newly arrived subjects. The large workshops changed the smell and sound of the city. The smelting works were loud, the smoke from the furnaces polluted the air. Innsbruck had gone from being a small settlement on the Inn bridge to a proto-industrial town.

Growth was slowed for several decades at the end of the 18th century by the Napoleonic Wars. The second wave of industrialisation came late in Innsbruck compared to other European regions. One reason for this was the late establishment of a functioning banking system in the city. Catholics still regarded bankers as „usurers and borrower“ and doing business with money was considered indecent. Without financing, however, even large enterprises could not be founded. In 1715, the Tyrolean provincial government had issued the so-called Banko gegründet und in der Herzog-Friedrich-Straße gab es die Privatbank Bederunger, erst mit der Gründung der ersten Filiale der Sparkasse wurde es möglich, sein Geld nicht mehr unter dem Kopfpolster zu verwahren. Nach 1850 begann man Kredite zu vergeben, was die Gründung heimischer größerer Betriebe ermöglichte. Das Small craftThe town's former craft businesses, which were organised in guilds, came under pressure from the achievements of modern goods production. In St. Nikolaus, Wilten, Mühlau and Pradl, modern factories were built along the Mühlbach stream and the Sill Canal. Many innovative company founders came from outside Innsbruck. Peter Walde, who moved to Innsbruck from Lusatia, founded his company in 1777 in what is now Innstrasse 23, producing products made from fat, such as tallow candles and soaps. Eight generations later, Walde is still one of the oldest family businesses in Austria. Today you can buy the result of centuries of tradition in soap and candle form in the listed main building with its Gothic vaults. Franz Josef Adam came from the Vinschgau Valley to found the city's largest brewery to date in a former aristocratic residence. In 1838, the spinning machine arrived via the Dornbirn company Herrburger & Rhomberg over the Arlberg to Pradl. H&R had acquired a plot of land on the Sillgründe. Thanks to the river's water power, the site was ideal for the heavy machinery used in the textile industry. In addition to the traditional sheep's wool, cotton was now also processed. 

Just like 400 years earlier, the Second Industrial Revolution changed the city and the everyday lives of its inhabitants forever. Neighbourhoods such as Mühlau, Pradl and Wilten grew rapidly. The factories were often located in the centre of residential areas. Over 20 businesses were still using the Sill Canal around 1900. The Haidmühle The power plant in Salurnerstraße existed from 1315 to 1907 and supplied a textile factory in Dreiheiligenstraße with energy from the Sill Canal. The noise and exhaust fumes from the engines were hell for the neighbours, as a newspaper article from 1912 shows:

„Entrüstung ruft bei den Bewohnern des nächst dem Hauptbahnhofe gelegenen Stadtteiles der seit einiger Zeit in der hibler´schen Feigenkaffeefabrik aufgestellte Explosionsmotor hervor. Der Lärm, welchen diese Maschine fast den ganzen Tag ununterbrochen verbreitet, stört die ganz Umgebung in der empfindlichsten Weise und muß die umliegenden Wohnungen entwerten. In den am Bahnhofplatze liegenden Hotels sind die früher so gesuchten und beliebten Gartenzimmer kaum mehr zu vermieten. Noch schlimmer als der ruhestörende Lärm aber ist der Qualm und Gestank der neuen Maschine…“

Aristokraten, die sich zu lange auf ihrem Geburtsverdienst auf der faulen Haut ausruhten, während sich die wirtschaftlichen und gesellschaftlichen Spielregeln änderten, mussten ihre Anwesen an den neuen Geldadel verkaufen. Im Palais Sarnthein gegenüber der Triumphpforte, 1689 von Johann Anton Gumpp für David Graf Sarnthein noch als barocker Ansitz geplant, zog die Waffenfabrik und das Geschäft von Johann Peterlongo ein. Geschickte Mitglieder des Adelsstandes nutzten ihre Voraussetzungen und investierten Familienbesitz und Erträge aus der bäuerlichen Grundentlastung von 1848 in Industrie und Wirtschaft. Der steigende Arbeitskräftebedarf wurde von ehemaligen Knechten und Landwirten ohne Land gedeckt. Während sich die neue vermögende Unternehmerklasse Villen in Wilten, Pradl und dem Saggen bauen ließ und mittlere Angestellte in Wohnhäusern in denselben Vierteln wohnten, waren die Arbeiter in Arbeiterwohnheimen und Massenunterkünften untergebracht. Die einen sorgten in Betrieben wie dem Gaswerk, dem Steinbruch oder in einer der Fabriken für den Wohlstand, während ihn die anderen konsumierten. Schichten von 12 Stunden in engen, lauten und rußigen Bedingungen forderten den Arbeitern alles ab. Zu einem Verbot der Kinderarbeit kam es erst ab den 1840er Jahren. Frauen verdienten nur einen Bruchteil dessen, was Männer bekamen. Die Arbeiter wohnten oft in von ihren Arbeitgebern errichteten Mietskasernen und waren ihnen mangels eines Arbeitsrechtes auf Gedeih und Verderb ausgeliefert. Es gab weder Sozial- noch Arbeitslosenversicherungen. Wer nicht arbeiten konnte, war auf die Wohlfahrtseinrichtungen seines Heimatortes angewiesen. Angemerkt sei, dass sich dieser für uns furchterregende Alltag der Arbeiter nicht von den Arbeitsbedingungen in den Dörfern unterschied, sondern sich daraus entwickelte. Auch in der Landwirtschaft waren Kinderarbeit, Ungleichheit und prekäre Arbeitsverhältnisse die Regel.

However, industrialisation did not only affect everyday material life. Innsbruck experienced the kind of gentrification that can be observed today in trendy urban neighbourhoods such as Prenzlauer Berg in Berlin. The change from the rural life of the village to the city involved more than just a change of location. In one of his texts, the Innsbruck writer Josef Leitgeb tells us how people experienced the urbanisation of what was once a rural area: 

„…viel fremdes, billig gekleidetes Volk, in wachsenden Wohnblocks zusammengedrängt, morgens, mittags und abends die Straßen füllend, wenn es zur Arbeit ging oder von ihr kam, aus Werkstätten, Läden, Fabriken, vom Bahndienst, die Gesichter oft blaß und vorzeitig alternd, in Haltung, Sprache und Kleidung nichts Persönliches mehr, sondern ein Allgemeines, massenhaft Wiederholtes und Wiederholbares: städtischer Arbeitsmensch. Bahnhof und Gaswerk erschienen als Kern dieser neuen, unsäglich fremden Landschaft.“

For many Innsbruck residents, the revolutionary year of 1848 and the new economic circumstances led to bourgeoisie. There were always stories of people who rose through the ranks with hard work, luck, talent and a little financial start-up aid. Well-known Innsbruck examples outside the hotel and catering industry that still exist today are the Tyrolean stained glass business, the Hörtnagl grocery store and the Walde soap factory. Successful entrepreneurs took over the former role of the aristocratic landlords. Together with the numerous academics, they formed a new class that also gained more and more political influence. Beda Weber wrote in 1851: „Their social circles are without constraint, and there is a distinctly metropolitan flavour that is not so easy to find elsewhere in Tyrol." 

The workers also became bourgeois. While the landlord in the countryside was still master of the private lives of his farmhands and maidservants and was able to determine their lifestyle up to and including sexuality via the release for marriage, the labourers were now at least somewhat freer individually. They were poorly paid, but at least they now received their own wages instead of board and lodging and were able to organise their private affairs for themselves without the landlord's guardianship. 

The downside of this newfound self-determination was particularly evident in the first decades of industrialisation. There was hardly any state infrastructure for health and family care. Health care, pensions, old people's homes and kindergartens had not yet been invented, and in many cases the extended farming family had taken over these tasks until then. In the working-class neighbourhoods, unsupervised children romped around during the day: the youngest children, who were not yet subject to compulsory schooling, were particularly affected. In 1834, following an appeal by the Tyrolean provincial governor, a women's association was founded, which Child detention centres in the working-class neighbourhoods of St. Nikolaus, Dreiheiligen and Angerzell, now Museumstraße. The aim was not only to keep the children off the streets and provide them with clothing and food, but also to teach them manners, proper expression and virtuous behaviour. With a strict hand for "cleanliness, order and obedience", the wardens ensured that the children received at least a minimum level of care. The former Preservation centre in Paul-Hofhaimer-Gasse behind the Ferdinandeum still exists today. The classicist building now houses the Caritas integration kindergarten and a company kindergarten run by the state of Tyrol. 

Innsbruck is not a traditional working-class city. Nevertheless, Tyrol never saw the formation of a significant labour movement as in Vienna. Innsbruck has always been predominantly a commercial and university city. Although there were social democrats and a handful of communists, the number of workers was always too small to really make a difference. May Day marches are only attended by the majority of people for cheap schnitzel and free beer. There are hardly any other memorials to industrialisation and the achievements of the working class. In St.-Nikolaus-Gasse and in many tenement houses in Wilten and Pradl, a few houses have been preserved that give an impression of the everyday life of Innsbruck's working class. 

Maximilian is one of the most important personalities in European and Innsbruck city history. He is said to have said about Tyrol: "Tirol ist ein grober Bauernkittel, der aber gut wärmt." Perhaps it was not only Innsbruck's location in the middle of the mountains that was a reason for his affection, Maximilian was a keen hunter. His father Friedrich III was born in Innsbruck in 1415. It certainly paid off for the city. During his reign, Maximilian turned Innsbruck into one of the most important centres of the Holy Roman Empire, changing its fortunes for good. "Wer immer sich im Leben kein Gedächtnis macht, der hat nach seinem Tod kein Gedächtnis und derselbe Mensch wird mit dem Glockenton vergessen.“ Maximilian actively and successfully countered this fear by erecting highly visible symbols of imperial power such as the Goldenen Dachl against. Propaganda, images and the media played an increasingly important role, partly due to the burgeoning printing press. Maximilian used art and culture to maintain his presence. For example, he kept an imperial choir, a music band that was mainly used for public appearances and receptions of international envoys. He had a veritable cult of personality organised around himself with coins, books, printed matter and paintings.

For all the romanticism that this lover of courtly traditions and chivalry cultivated, he was a cool-headed power politician. Under him, political institutions such as the Imperial Diet, the Imperial Court of Justice and the Imperial Chamber Court were established, which strictly regulated the relationship between subjects, sovereign and monarchy. Around 1500, Tyrol had around 300,000 inhabitants. More than 80% of the people worked in agriculture and lived for the most part from the yields of the farms. In a veritable furore of new laws, Maximilian curtailed the peasants' rights to the commons. Logging, hunting and fishing were placed under the control of the sovereign and were no longer common property. This had a negative impact on peasant self-sufficiency. Thanks to the new laws, hunters became poachers. Meat and fish had long been part of the diet in the Middle Ages, but now this indulgence became a luxury that could often only be obtained illegally. Maximilian was therefore unpopular with a large part of the population during his lifetime.

Restrictions on self-sufficiency were joined by new taxes. It had always been customary for sovereigns to impose additional taxes on the population in the event of war. Maximilian's warfare differed from medieval conflicts. The auxiliary troops and their noble, chivalrous landlords were supplemented or completely replaced by mercenaries who knew how to use modern firearms.

Diese neue Art ins Feld zu ziehen, verschlang Unsummen. Als die Erträge aus den landesfürstlichen Besitzungen wie Münz-, Markt-, Bergwerks-, und Zollregal nicht mehr ausreichten, wurden die einzelnen Bevölkerungsgruppen je nach Stand und Vermögen besteuert, jedoch war die Steuer noch weit entfernt von unserem heutigen ausdifferenzierten System und brachten dementsprechend Ungerechtigkeit und Unmut mit sich. Ein Beispiel für eine Abgabe war Maximilians Common penny. The wealth tax amounted to between 0.1 and 0.5% of wealth, but was capped at 1 guilder. Jews had to pay a poll tax of 1 guilder regardless of their wealth. For the first time, princes were also asked to pay, but due to the cap, they paid a maximum of the same amount as a middle-class Jew. Prelates, priests and secular lords were responsible for announcing and enforcing the tax. Pastors had to announce the tax from the pulpit on three Sundays, collect the contributions together with representatives of the courts and enter them in the Imperial Tax Register.

It was quickly realised that this type of tax collection did not work. A modern system and tax model was needed. A collegial chamber, the Regiment, centrally supervised the provinces of Tyrol and Vorderösterreich according to the modern model of Burgundian finance, which Maximilian had learnt about during his time in the Netherlands. Innsbruck became the financial and accounting centre for the Austrian lands. The Rait chamber and the House chamber were located in the Neuhof, where today the Goldene Dachl über die Altstadt residiert. 1496 wurden die finanziellen Mittel der österreichischen Erbländer in der Schatzkammer in Innsbruck gebündelt. Vorsitzender der Hofkammer war der Brixner Bischof Melchior von Meckau, der mehr und mehr die Fugger als Kreditgeber miteinbezog. Beamten wie Jakob Villinger (1480 - 1529) wickelten in der italienisch geprägten Form der doppelten Buchhaltung den Geldverkehr mit Bankhäusern aus ganz Europa ab und probierten den kaiserlichen Finanzhaushalt in Zaum zu halten. Talentierte Kleinadelige und Bürger, studierte Juristen und ausgebildete Beamten lösten den Hochadel in bestimmender Funktion ab. Finanzexperten aus Burgund hatten die kaufmännische Leiter des Regiments über. Die Übergänge zwischen Finanz- und anderen Feldern wie Kriegsplanung und Innenpolitik waren fließend, was der neuen Beamtenschicht große Macht verlieh. War es bisher üblich, dass das Gleichgewicht zwischen Landesfürsten, Kirche, Grundherr und Untertan aus Beitrag und militärischem Schutz bestand, wurde dieses System nun durch Zwang von der Obrigkeit durchgesetzt. Maximilian argumentierte, dass es Pflicht jedes Christenmenschen, egal welchen Standes, sei, das Heilige Römische Reich gegen äußere Feinde zu verteidigen. Die Aufzeichnungen rund um die Streitereien zwischen König, Adel, Klerus, Bauern und Städten um die Abgabenleistung erinnerten schon vor Maximilian stark an heutige politische Diskussion um das Thema der Macht- und Vermögensverteilung. Der große Unterschied zwischen dem ausgehenden 15. Jahrhundert und den vorhergegangenen Jahrhunderten entstand dadurch, dass dank des modernen Beamtenapparats diese Steuern nun auch exekutiert und eingetrieben werden konnten. Der Vergleich mit der Registrierkassenpflicht, der Besteuerung von Trinkgeldern in der Gastronomie und der Diskussion um die Abschaffung des Bargeldes drängt sich auf. Das Kapital folgte der politischen Bedeutung ebenfalls nach Innsbruck. Während seiner Regentschaft beschäftigte Maximilian 350 Räte, die ihm zur Seite standen. Knapp ein Viertel dieser hochbezahlten Räte stammte aus Tirol. Gesandte und Politiker aus ganz Europa bis zum osmanischen Reich sowie Adelige ließen sich ihren Wohnsitz in Innsbruck bauen oder übernachteten in den Wirtshäusern der Stadt. Ähnlich wie Big Money aus Ölgeschäften heute Fachkräfte aller Art nach Dubai lockt, zogen das Schwazer Silber und die daran hängende Finanzwirtschaft damals Experten aller Art nach Innsbruck, einer kleinen Stadt inmitten der unwirtlichen Alpen.

During Maximilian's reign, Innsbruck underwent structural and infrastructural changes like never before. In addition to the representative Goldenen Dachl he had the Hofburg remodelled, began building the Hofkirche and created Europe's leading armoury with the Innsbruck Armoury. The streets through the old town were paved and paved for the fine people of the court. In 1499 Maximilian had the Salvatorikapelle, ein Spital für notleidende Innsbrucker, die keinen Anspruch auf einen Platz im Stadtspital hatten, renovieren und erweitern. Eine moderne Wasserleitung von der Nordkette in die Stadt verbesserte die Trinkwasserversorgung, Hygiene und Sicherheit. 1509 wurde der innerstädtische Friedhof vom heutigen Domplatz hinter das Stadtspital an den heutigen Adolf-Pichler-Platz umgesiedelt. Maximilian ließ den Handelsweg im heutigen Mariahilf verlegen und verbesserte die Wasserversorgung der Stadt. Eine Feuerordnung für die Stadt Innsbruck folgte 1510. Maximilian begann auch an den Privilegien des Stiftes Wilten, dem größten Grundherrn im heutigen Stadtgebiet, zu sägen. Infrastruktur im Besitz des Klosters wie Mühle, Säge und Sillkanal sollten stärker unter landesfürstliche Kontrolle kommen.

The imperial court and the wealthy civil servants who resided in Innsbruck transformed Innsbruck's appearance and attitude. Maximilian had introduced the distinguished courtly culture of Burgundy of his first wife to Central Europe. Culturally, it was above all his second wife Bianca Maria Sforza who promoted Innsbruck. Not only did the royal wedding take place here, she also resided here for a long time, as the city was closer to her home in Milan than Maximilian's other residences. She brought her entire court with her from the Renaissance metropolis to the German lands north of the Alps. Art and entertainment in all its forms flourished.

Under Maximilian, Innsbruck not only became a cultural centre of the empire, the city also boomed economically. Among other things, Innsbruck was the centre of the postal service in the empire. Maximilian was able to build on the expertise of the gunsmiths who had already established themselves in the foundries in Hötting under his predecessor Siegmund. Platers, foundry operators, powder stampers and cutlers settled in Neustadt, St. Nikolaus, Mühlau, Hötting and along the Sill Canal. The Fugger merchant dynasty maintained an office in Innsbruck. In addition to his favoured love of Tyrolean nature, the treasures such as salt from Hall and silver from Schwaz were at least as dear and useful to him. Maximilian financed his lavish court, his election as king by the electors and the eight-year war against the Republic of Venice by mortgaging the country's mineral resources, among other things.

Innsbruck's strategically favourable location close to the Italian theatres of war also made the city so interesting for the emperor. Many Tyroleans had to enforce the imperial will on the battlefields instead of tilling the fields at home. This only changed in the last years of his reign. In 1511, Maximilian conceded the Tyroleans in the Tiroler LandlibellIn a kind of constitution, they agreed that they could only be called up as soldiers for the defence of their own country. This document also regulated the levying of special taxes in the event of war.

It is difficult to summarise Maximilian's work in Innsbruck. Proclamations of love from an emperor naturally flatter the popular psyche to this day. His material legacy with its many magnificent buildings reinforces this positive image. He turned Innsbruck into an imperial residence city and pushed ahead with the modernisation of the infrastructure. Thanks to the armoury, Innsbruck became the centre of the armaments industry, the treasury of the empire and grew economically and spatially. The debts he incurred for this and the state assets he pledged to the Fuggers left their mark on Tyrol after his death, at least as much as the strict laws he imposed on the common people. He is said to have left behind 5 million guilders in debt, an amount that his Austrian possessions could earn in 20 years. The outstanding payments ruined many businesses and servants after his death, who were left sitting on the imperial promises. Early modern rulers were not bound by the debts of their predecessors. The agreements with the Fuggers were an exception, as liens were attached to them.

In the legends about the emperor, the hard times are not as present as the Goldene Dachl and the soft facts learnt at school. In 2019, the celebrations to mark the 500th anniversary of the death of Innsbruck's most important Habsburg under the motto "Tyrolean at heart, European in spirit". The Viennese were favourably naturalised. Salzburg has Mozart, Innsbruck Maximilian, an emperor that the Tyroleans have adapted to Innsbruck's desired identity as a rugged journeyman who prefers to be in the mountains. Today, his striking face is emblazoned on all kinds of consumer goods, from cheese to ski lifts, the emperor is the inspiration for all kinds of profane things. It is only for political agendas that he is less easy to harness than Andreas Hofer. It is probably easier for the average citizen to identify with a revolutionary landlord than with an emperor.

There is hardly an uncrowned person who had a greater influence on the history of Europe until the 20th century than Jakob Fugger (1459 - 1525). Not only did his lifetime coincide with that of Emperor Maximilian, the fates of the two men were closely linked. The history of Tyrol was also shaped by the most important financial magnate of his time.

Jakob Fugger came from a family of merchants in Augsburg. The arrival of the progenitor of the family was recorded in the Augsburg tax book under "Fucker advenit". In the 15th century, a Fugger trading network of factories gradually developed. The merchants founded factories in Venice, Bolzano, Milan, Nuremberg, Frankfurt, Bruges and Antwerp for their textile business. Factories were a multifunctional mix of sales area, financial branch, horse station, warehouse, post and news centre and diplomatic representation. This system had spilled over the Alps from northern Italy. An early form of financial capitalism had emerged in the region between Florence, Venice and Milan. Banking began its triumphal march through Europe here in the late Middle Ages. Merchants who did not want to carry vast amounts of cash with them needed so-called bills of exchange to carry out their transactions. They therefore began to set up branch offices in the major trading cities. Italian financial institutions also had branches in Innsbruck from the High Middle Ages onwards.

Jakob and his brothers also initially traded cotton with the wealthy northern Italian cities in the good family tradition. In Venice, the financial centre of the eastern Mediterranean, Jakob Fugger became acquainted with the art of double-entry bookkeeping and the intricacies of progressive Italian finance. He realised that there was more to be earned from money transactions and loans than from cotton. The monarchs and aristocrats of Europe financed their courts and wars in the Middle Ages through the Tithe. This tax was paid by the peasants within the feudal system. Warfare in particular had become increasingly expensive in the 15th century, fuelled by modern firearms. As a result, the tithe was often no longer sufficient. The legitimisation as God's representative on earth had worked for monarchs up to this point, but around 1500, the sounding coin and interest in the form of financial capitalism slowly but surely began to replace God as the ultimate authority.

Jakob Fugger's relationship with the House of Habsburg, and in particular with Tyrol, began to intensify in 1487. The Tyrolean sovereign Siegmund was defeated in a military conflict with the Republic of Venice. In order to pay his debt of 100,000 guilders to the Mediterranean power, he borrowed money from the Fuggers. In return, he issued promissory notes, which he covered by pledging the Schwaz silver mine to his lenders. Schwaz was the largest silver mine in the world before the development of the American silver mines. The Fuggers sold the Schwaz silver to the Hall mint, which they also operated, and in turn lent these coins to Duke Siegmund. A special kind of cycle was born.

However, this was not the end of the Fuggers' political influence on world politics. When the Tyrolean estates deposed Siegmund in 1490 due to his disastrous business behaviour, Maximilian I succeeded him as Prince of Tyrol. Fugger was clever enough to back the new sovereign. The word credit, which goes back to the Latin credereThe choice shows that he believed in Maximilian. Fugger believed in a powerful Maximilian as his best asset. He financed Maximilian's election as Holy Roman Emperor in 1493, thereby securing his influence and elevation to the nobility. It was also Fugger who sponsored the double wedding in Vienna, Maximilian's masterpiece of marriage policy, which made Hungary part of the Habsburg Empire. When Maximilian died in 1519, Fugger repeated this and used his financial power to have Maximilian's grandson Charles V elected emperor. A loan of 540,000 guilders went from the Fuggers to the Habsburgs to pay for advertising and bribes. In return, Charles V granted Fugger rights to mines in Spain and South America, where slaves worked under inhumane conditions to keep this wheel of exploitation and corruption turning

The Fuggers granted the Habsburgs an estimated two million guilders in loans between 1487 and 1525 alone. One florin was equivalent to 60 crowns. A day labourer earned around 6 crowns at that time. This sum could have been used to employ almost 55,000 people a day for a year. A large part of this debt was paid off with rights of use to Tyrolean assets and increased taxes. It is estimated that at the time of his death, Fugger's financial empire handled around 50% of the Tyrolean state budget and 10% of the Tyrolean state's assets. Heiligen Römischen Reiches possessed. His officials managed mines in Tyrol, the Czech Republic, Slovakia and Spain, financed trading expeditions throughout the then known world and numerous wars in Europe. Some historians consider Jakob Fugger to be the richest man in world history. How high his fortune was is difficult to convert to today's standards. When the FAZ made an attempt in 2016, it came up with 300 billion dollars. Like Maximilian I, Jakob Fugger was both a man of power and an educated, devout Catholic. Corruption, exploitation, the financing of wars and, out of fear of God and purgatory, the FuggereiThe idea of founding the world's first social housing estate in Augsburg was not out of the question.

In Innsbruck, the Palais Fugger-Taxis and a small alley between Maria-Theresien-Straße and Landhausplatz commemorate the Fuggers. No reference is made to the way in which the merchant dynasty became wealthy.