Foundations of Economic Power
Piotr (d. 1480), the heir of Lubomierz, the town from which he adopted his name, is regarded the progenitor of the Lubomirski family, which emerged from the Szreniawici family. Economic foundations of the family were built on the exploitation of salt mines in Kraków province. Mineshafts were leased from rulers of Poland. The Lubomirski family also established private mines in the Małopolska province. Sebastian (c. 1546 – 1613), who in 1581 became a mine administrator of Kraków, was the creator of economic power. It was the first position in the capital city performed by a representative of the family. While taking it up, Sebastian made use of the support of Stefan Batory. Sebastian received the title of Count of Wiśnicz from the Emperor Rudolf II in 1595; in 1591 he entered the Senate as a governor of Małogoszcz. He opened a private salt mine shaft “Kunegunda” in Siercza, which was exploited for about 100 years.
Money gained from the salt trade allowed the Lubomirski family to lend money even to the richest persons in the country. This, in turn, enabled them to purchase properties or take over them from insolvent debtors. The family built up its economic position for many generations, accumulating assets held for centuries.
Read more about this topic: Lubomirski Family
Famous quotes containing the words foundations of, foundations, economic and/or power:
“Hitherto shalt thou come, but no further: and here shall thy proud waves be stayed.”
—Bible: Hebrew Job 38:11.
God speaking to Job of his laying of his “foundations of the earth.”
“Society is held together by our need; we bind it together with legend, myth, coercion, fearing that without it we will be hurled into that void, within which, like the earth before the Word was spoken, the foundations of society are hidden.”
—James Baldwin (1924–1987)
“Weapons are an important factor in war, but not the decisive factor; it is people, not things, that are decisive. The contest of strength is not only a contest of military and economic power, but also a contest of human power and morale. Military and economic power is necessarily wielded by people.”
—Mao Zedong (1893–1976)
“The power of consumer goods ... has been engendered by the so-called liberal and progressive demands of freedom, and, by appropriating them, has emptied them of their meaning, and changed their nature.”
—Pier Paolo Pasolini (1922–1975)