1.
Bankenviertel
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Bankenviertel is the name of the central business district in Frankfurt, Germany. It designates an area in the city centre, where many banks, insurance companies and it is the most important financial centre in Germany and one of the largest in Europe along with La Défense in the Paris aire urbaine and Londons City and Canary Wharf. Having no official or strict borders, it is defined as the western part of the Innenstadt, the southern part of the Westend. Its most central square is the Opernplatz, the Bankenviertel is not an official city district and has no officially or strictly defined borders. It stretches across three city districts, the part of the Innenstadt, the southern part of the Westend. Many of the largest banks in Germany, e. g. Deutsche Bank, Commerzbank, DZ Bank and Helaba, have their headquarters here. It is also the place where most of Frankfurts high-rises and skyscrapers are located, furthermore, the area on both sides of the Mainzer Landstraße from Taunusanlage to Platz der Republik and the Bockenheimer Landstraße, beginning at the Opernplatz, are part of the area. The Bankenviertel is very accessible with the public transport system. Eight of nine suburban S-Bahn lines serve the stations Hauptwache, Taunusanlage, the tram lines 11 and 12 stop at Frankfurt Central Station and Willy-Brandt-Platz, and the lines 16 and 17 link the central station and the Frankfurt Trade Fair area
2.
Frankfurt Stock Exchange
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The Frankfurt Stock Exchange is the worlds 10th largest stock exchange by market capitalization. Located in Frankfurt, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse AG and it is located in the district of Innenstadt and within the central business district known as Bankenviertel. The trading indices are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX, through its Deutsche Börse Cash Market business section, Deutsche Börse AG now operates two trading venues at the Frankfurt Stock Exchange. Xetra is the market for exchange trading in German equities. In 2015,90 per cent of all trading in shares at all German exchanges was transacted through the Xetra, with regard to DAX listings, Xetra has 60 per cent market share throughout Europe. Trading times on trading days are from 9.00 a. m. to 5.30 p. m, the prices on Xetra serve as the basis for calculating the DAX, the best-known German share index. Over 200 trading participants from 16 European countries, plus Hong Kong, Börse Frankfurt is the trading venue for mainly private investors with more than one million securities of German and international issuers. So named Specialists on the trading floor attend to the trading of the securities, trading at the Frankfurt Stock Exchange is governed by clear rules, which apply equally for all trading participants. With a view to improving the continuity of prices and to avoid mistrades, several mechanisms are in place for the trading venues Xetra. These include volatility interruption, market order interruption, and liquidity interruption measures, the origins of the Frankfurt Stock Exchange go back to medieval trade fairs in the 11th century. By the 16th century Frankfurt developed into a wealthy and busy city with a based on trade. In 1585 a bourse was established to set up fixed currency exchange rates, during the following centuries Frankfurt developed into one of the worlds first stock exchanges - next to London and Paris. Bankers like Mayer Amschel Rothschild and Max Warburg had substantial influence on Frankfurts financial trade, in 1879 Frankfurt Stock Exchange moved into its new building at Börsenplatz. During the 1990s the Frankfurt Stock Exchange was also bourse for the Neuer Markt as part of the worldwide dot-com boom, in 1993 the Frankfurter Wertpapierbörse became Deutsche Börse AG, operating businesses for the exchange. Since then the profits from the presence of the European Central Bank in Frankfurt. In 2002 and 2004 Deutsche Börse was in advanced negotiations to take over London Stock Exchange, financial Market Integration in a Wider European Union International financial centres, rivals or partner
3.
GDP
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Gross Domestic Product is a monetary measure of the market value of all final goods and services produced in a period. Nominal GDP estimates are used to determine the economic performance of a whole country or region. The OECD defines GDP as a measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production. ”An IMF publication states that GDP measures the monetary value of final goods and services - that is. Total GDP can also be broken down into the contribution of industry or sector of the economy. The ratio of GDP to the population of the region is the per capita GDP. William Petty came up with a concept of GDP to defend landlords against unfair taxation during warfare between the Dutch and the English between 1652 and 1674. Charles Davenant developed the method further in 1695, the modern concept of GDP was first developed by Simon Kuznets for a US Congress report in 1934. In this report, Kuznets warned against its use as a measure of welfare, after the Bretton Woods conference in 1944, GDP became the main tool for measuring a countrys economy. The switch from GNP to GDP in the US was in 1991, the history of the concept of GDP should be distinguished from the history of changes in ways of estimating it. The value added by firms is relatively easy to calculate from their accounts, but the value added by the sector, by financial industries. GDP can be determined in three ways, all of which should, in principle, give the same result and they are the production approach, the income approach, or the expenditure approach. The most direct of the three is the approach, which sums the outputs of every class of enterprise to arrive at the total. The income approach works on the principle that the incomes of the factors must be equal to the value of their product. This approach mirrors the OECD definition given above, deduct intermediate consumption from gross value to obtain the gross value added. Gross value added = gross value of output – value of intermediate consumption, value of output = value of the total sales of goods and services plus value of changes in the inventories. The sum of the value added in the various economic activities is known as GDP at factor cost. GDP at factor cost plus indirect taxes less subsidies on products = GDP at producer price, for measuring output of domestic product, economic activities are classified into various sectors. Subtracting each sectors intermediate consumption from gross output gives the GDP at factor cost, adding indirect tax minus subsidies in GDP at factor cost gives the GDP at producer prices
4.
Germany
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Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in central-western Europe. It includes 16 constituent states, covers an area of 357,021 square kilometres, with about 82 million inhabitants, Germany is the most populous member state of the European Union. After the United States, it is the second most popular destination in the world. Germanys capital and largest metropolis is Berlin, while its largest conurbation is the Ruhr, other major cities include Hamburg, Munich, Cologne, Frankfurt, Stuttgart, Düsseldorf and Leipzig. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity, a region named Germania was documented before 100 AD. During the Migration Period the Germanic tribes expanded southward, beginning in the 10th century, German territories formed a central part of the Holy Roman Empire. During the 16th century, northern German regions became the centre of the Protestant Reformation, in 1871, Germany became a nation state when most of the German states unified into the Prussian-dominated German Empire. After World War I and the German Revolution of 1918–1919, the Empire was replaced by the parliamentary Weimar Republic, the establishment of the national socialist dictatorship in 1933 led to World War II and the Holocaust. After a period of Allied occupation, two German states were founded, the Federal Republic of Germany and the German Democratic Republic, in 1990, the country was reunified. In the 21st century, Germany is a power and has the worlds fourth-largest economy by nominal GDP. As a global leader in industrial and technological sectors, it is both the worlds third-largest exporter and importer of goods. Germany is a country with a very high standard of living sustained by a skilled. It upholds a social security and universal health system, environmental protection. Germany was a member of the European Economic Community in 1957. It is part of the Schengen Area, and became a co-founder of the Eurozone in 1999, Germany is a member of the United Nations, NATO, the G8, the G20, and the OECD. The national military expenditure is the 9th highest in the world, the English word Germany derives from the Latin Germania, which came into use after Julius Caesar adopted it for the peoples east of the Rhine. This in turn descends from Proto-Germanic *þiudiskaz popular, derived from *þeudō, descended from Proto-Indo-European *tewtéh₂- people, the discovery of the Mauer 1 mandible shows that ancient humans were present in Germany at least 600,000 years ago. The oldest complete hunting weapons found anywhere in the world were discovered in a mine in Schöningen where three 380, 000-year-old wooden javelins were unearthed
5.
Fugger
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Alongside the Welser family, the family controlled much of the European economy in the sixteenth century and accumulated enormous wealth. This banking family replaced the de 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 power they financed. Unlike the citizenry of their hometown, they never converted to the Augsburg Confession, Jakob Fugger „the Rich“ was elevated to the nobility of the Holy Roman Empire in May 1511 and created Imperial Count of Kirchberg and Weissenhorn in 1514. The company was dissolved in 1657, however the Fuggers remained wealthy landowners and ruled the County of Kirchberg, the Babenhausen branch became Princes of the Holy Roman Empire in 1803, the Glött branch princes in the Kingdom of Bavaria in 1914. The founder of the family was Johann Fugger, a weaver at Graben and his son, also called Johann, settled in Augsburg, and the first reference to the Fugger family there is his arrival, recorded in the tax register of 1367. He married Klara Widolf and became an Augsburg citizen, after Klaras death, he married Elizabeth Gattermann. He joined the guild, and by 1396 he was ranked high in the list of taxpayers. He added the business of a merchant to that of a weaver and his eldest son, Andreas Fugger, was a merchant in the weaving trade, and was nicknamed Fugger the Rich after buying land and other properties. The Fugger family itemized and inventoried a large number of Asian rugs, andreass son, Lukas Fugger, was granted arms by the Emperor Frederick III, a golden deer on a blue background, and he was soon nicknamed the Fugger of the Deer. He was too ambitious, however, and went bankrupt and his descendants served their cousins of the famous younger branch and later went to Silesia. Contemporary members of the Fugger of the Deer are descendants of Matthäus Fugger, the current patriarch is Markus Fugger von dem Rech. Hans Fuggers younger son, Jakob the Elder, founded another branch of the family and this branch progressed more steadily and they became known as the Fuggers of the Lily after their chosen arms of a flowering lily on a gold and blue background. Jakob was a weaver, a merchant, and an alderman. He married Barbara Basinger, the daughter of a goldsmith and his fortune progressed, and by 1461, he was the twelfth richest man in Augsburg. Thus began a profitable relationship between the Fugger family and the Habsburgs. With the help of their brother in Rome, Markus, Ulrich and his brother George handled remittances to the court of monies for the sale of indulgences. From 1508 to 1515 they leased the Roman mint, when the Fuggers made their first loan to the Archduke Sigismund in 1487, they took as security an interest in silver and copper mines in the Tirol
6.
Welser
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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. Philippine Welser, famed for both her learning and her beauty, was married to Archduke Ferdinand, Emperor Ferdinand Is son, 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, the Welsers financed not only the Emperor, but also other European monarchs. The history of the family can be traced back to the 13th century, later its members became widely known as prominent merchants. In the 15th and 16th centuries, branches of the family settled at Nuremberg and in Austria, Welser, explored Venezuela and was executed by local Spanish Governor Juan de Carvajal in 1546. Bartholomäuss niece, Philippine, daughter of Franz Welser, renowned for her learning and beauty and 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 fathers rank as Archdukes of Austria, their son Margrave Andrew of Burgau became a cardinal and Charles, another member of the Welser family, Markus Welser, became famous for his learning. He was a humanist, historian, publisher and from 1611 Bürgermeister of Augsburg, carl Wilhelm Welser von Neunhof 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, which became Imperial Barons in 1713, still exists, the Welsersche Familienstiftung, founded on 1 April 1539, still exists and has owned numerous castles in Germany. Following the extinction of the senior lines of the family. In Augsburg, a museum of Welser and Fugger history is planned, fernhandel, Familienbeziehungen und sozialer Status an der Wende vom Mittelalter zur Neuzeit, in, Wolfgang Jahn u. a. Katalog zur Ausstellung im Antonierhaus, Memmingen 12, oktober 1998, Veröffentlichungen zur Bayerischen Geschichte und Kultur 37/98, München 1998, S. 17–37 Jörg Denzer, Die Konquista der Augsburger Welser-Gesellschaft in Südamerika. Nuremberg City Lexicon, pp.1171 f, 262–371, auch online Johann Michael Frhr. v. Welser, Die Welser, Nürnberg 1917, Selbstverlag der Welserschen Familienstiftung, Venezuela
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