This cover from Germany depicts a 0,80 euro stamp celebrating 500 years of the "Fuggerei" in the town of Augsburg. Augsburg is a city in Swabia, Bavaria, Germany, around 50 km west of Bavarian capital Munich. It is a university town and regional seat of the Regierungsbezirk Schwaben with an impressive Altstadt (city centre). Augsburg is an urban district and home to the institutions of the Landkreis Augsburg. It is the third-largest city in Bavaria (after Munich and Nuremberg) with a population of 300,000 inhabitants, with 885,000 in its metropolitan area.
After Neuss and Trier, Augsburg is Germany's third oldest city, founded in 15 BC by the Romans as Augusta Vindelicorum, named after the Roman emperor Augustus. It was a Free Imperial City from 1276 to 1803 and the home of the patrician Fugger and Welser families that dominated European banking in the 16th century. The city played a leading role in the Reformation as the site of the 1530 Augsburg Confession and 1555 Peace of Augsburg.
The Fuggerei, the oldest social housing complex in the world, was founded in 1513 by Jakob Fugger.
In 2019, UNESCO recognized the Water Management System of Augsburg as a World Heritage Site. The water management system of the city of Augsburg has evolved in successive phases from the 14th century to the present day. It includes a network of canals, water towers dating from the 15th to 17th centuries, which housed pumping machinery, a water-cooled butchers' hall, a system of three monumental fountains and hydroelectric power stations, which continue to provide sustainable energy today. The technological innovations generated by this water management system have helped establish Augsburg as a pioneer in hydraulic engineering.
