The rise and fall of the medici
The House of Medici: Its Rise and Fall by Christopher HibbertAt its height, Renaissance Florence was a center of enormous wealth, power, and influence. A republican city-state funded by trade and banking, its often bloody political scene was dominated by rich mercantile families, the most famous of which were the Medici. This enthralling book charts the familys huge influence on the political, economic and cultural history of Florence. Beginning in the early 1430s with the rise of the dynasty under the near-legendary Cosimo de Medici, it moves through their golden era as patrons of some of the most remarkable artists and architects of the Renaissance, to the era of the Medici Popes and Grand Dukes, Florences slide into decay and bankruptcy, and the end, in 1737, of the Medici line.
The Medici - Secrets of the most Powerful Family in the World (Full Documentary)
The ascent of the Medici family from poor wool farmers to vast political dynasty began with Giovanni di Bicci de’ Medici. In the early 15th Century, Giovanni won the favor of the Papacy, and the Medici’s gained control of the Papal treasury, becoming the official bankers to Pope.
The Rise and Fall of the Medici Bank
By all accounts a shrewd and innovative businessman, he started as a moneylender in Rome and used the dowry from his marriage to set up a private bank in the center of Florence. Thanks to its connection to the Church, the Medici bank became the most prominent and most respected in Europe, managing the money of royalty and the merchant classes. The bank was so influential that they issued their own currency, the florin, which became accepted for trade and commerce. The Medici were also at the forefront of banking innovation, which helped raise their profile among the rich of Europe. They were one of the first banks to implement double-entry bookkeeping and — thanks to the size of their banking network — they could issue credit across the continent at a time when money lending was a sin.
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The Medici family had a long and powerful influence in European history for hundreds of years. They were well known for their banking prowess and are synonymous as an unparalleled patron of the arts during the Italian Renaissance. Throughout the years they saw their fortunes grow and flounder through a variety of ventures. This is how they rose to financial prominence because of their banking success and their eventual downfall. The family took their once great banking kingdom and dominance and turned it into a dynastic legacy that affected Europe and the world as we know it today. One of the first great Medici bankers was Cosimo de Medici, who managed to build up the great financial empire. By expanding the bank and starting off a trend that would follow with his sons and grandsons, he gave patronage to the construction of churches.
At its height Renaissance Florence was a centre of enormous wealth, power and influence. A republican city-state funded by trade and banking, its often bloody political scene was dominated by rich mercantile families, the most famous of which were the Medici. He served as an infantry officer during the war and was awarded the Military Cross in He is married with two sons and a daughter, and lives in Henley-on-Thames. For the latest books, recommendations, offers and more. By signing up, I confirm that I'm over View all newsletter.
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