Albert III was a notable figure in the history of the House of Habsburg, serving as the Duke of Austria from 1365 until his death in 1395. He was the son of Albert II of Austria and played a significant role in the political landscape of the time, working to strengthen the Habsburg influence in the region. During his reign, Albert III focused on consolidating power and expanding his territories. He was known for his efforts in promoting trade and commerce, which helped to enhance the economic stability of his duchy. His leadership laid the groundwork for future Habsburg rulers.