Why Did The Fuggers Gained So Much Power

Decent Essays
Good post Manuel, I think its interesting how The Fuggers gained so much power they could decide the poiltical future of electoral candidates. The fact that they could negotiate up to 45% interest on their loans is even more impressive. Obviously even the very wealthy would find it difficult to pay back interest that high so they started offering up property leases. In this way many important people came to rely on and depend on the Fuggers which made them very important as well.

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