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The city is home to major corporations like BMW, Siemens, MAN, Linde, Allianz and Munich RE.Munich is home to many universities, museums and theatres.When Bavaria was reunited in 1506, Munich became its capital.The arts and politics became increasingly influenced by the court (see Orlando di Lasso, Heinrich Schütz and later Mozart and Richard Wagner).It derives from the monks of the Benedictine order, who ran a monastery at the place that was later to become the Old Town of Munich; hence the monk depicted on the city's coat of arms. Catholic Munich was a cultural stronghold of the Counter-Reformation and a political point of divergence during the resulting Thirty Years' War, but remained physically untouched despite an occupation by the Protestant Swedes.Once Bavaria was established as a sovereign kingdom in 1806, it became a major European centre of arts, architecture, culture and science.On the other hand, Ludwig II, famous the world over as the fairytale king, was mostly aloof from his capital and focused more on his fanciful castles in the Bavarian countryside.
The foundation date is considered the year 1158, the date the city was first mentioned in a document. By then, the Guelph Henry the Lion, Duke of Saxony and Bavaria, had built a toll bridge over the river Isar next to the monk settlement and on the salt route.
Many of the city's finest buildings belong to this period and were built under the first three Bavarian kings.
Especially Ludwig I rendered outstanding services to Munich's status as a centre of the arts, attracting numerous artists and enhancing the city's architectural substance with grand boulevards and buildings.
The city is a major centre of art, technology, finance, publishing, culture, innovation, education, business, and tourism in Germany and Europe and enjoys a very high standard and quality of living, reaching first in Germany and fourth worldwide according to the 2015 Mercer survey.
The name of the city is derived from the Old/Middle High German term Munichen, meaning "by the monks".