The term "Fugger" refers to a prominent banking family from the 15th and 16th centuries in Germany. The Fuggers were known for their significant influence in finance and trade, particularly in Augsburg. They played a crucial role in the development of modern banking practices and were involved in various industries, including mining and textiles. The family was founded by Jakob Fugger, also known as Jakob Fugger the Rich, who expanded their wealth through strategic investments and loans to European monarchs. The Fuggers' financial power allowed them to shape political decisions and support the Habsburg dynasty, making them one of the most influential families of their time.