A Humorous Lesson in Financial Etymology

Public disgust with bankers is nothing new.  In the fifteenth and sixteenth century the most powerful banking family, which took over much of power and influence of the Medicis.  Their name, Fugger, became a slang word associated with rapacious behavior.

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1 comment so far

  1. Herbert Pimlott on

    They also left their name on housing for the poor in the City of Augsburg (Germany) known (if I remember correctly) as the “Fuggerei”. When I visited there in the late 1970s, it was apparently still only charging one (yes, one) DeutschMark per year or something.


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