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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 1980s brought strong economic growth, high-tech industries and scientific institutions, and population growth.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.During the 16th century, Munich was a centre of the German counter reformation, and also of renaissance arts.Duke Wilhelm V commissioned the Jesuit Michaelskirche, which became a centre for the counter-reformation, and also built the Hofbräuhaus for brewing brown beer in 1589. In 1623, during the Thirty Years' War, Munich became electoral residence when Maximilian I, Duke of Bavaria was invested with the electoral dignity, but in 1632 the city was occupied by Gustav II Adolph of Sweden.
When the bubonic plague broke out in 16, about one third of the population died.