The Free Imperial City of Augsburg, with …

Years: 1523 - 1523

The Free Imperial City of Augsburg, with a strategic location as intersection of trade routes to Italy, has became a major trading center.

Augsburg produces large quantities of woven goods, cloth and textiles.

Augsburg has become the base of two banking families that have risen to great prominence, the Fuggers and the Welsers.

The Fugger family donates the Fuggerei part of the city devoted to housing for needy citizens, which remains in use today.

First built between 1514 and 1523 under the supervision of the architect Thomas Krebs, by 1523 fifty-two houses have been built, and in the coming years the area will expand with various streets, small squares and a church.

The gates are locked at night, so the Fuggerei is, in its own right, very similar to a small independent medieval town.

It is still inhabited today, affording it the status of being the oldest social housing project in the world.

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