Medici Money

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Medici Money Page 24

by Tim Parks


  Merchants of the Staple, 114

  metaphysics:

  as basis of moral law, 15

  money and, 124

  Michelangelo Buonarroti, 5, 13

  Michelozzo di Bartolomeo, 56, 58–59, 99, 104, 124, 172

  Milan, 87, 145, 155, 214

  in Italy’s internal wars, 67–68, 71–73, 76–79, 84, 88, 90, 99–100, 106, 116–18, 141, 146, 150, 218, 221

  Medici bank branch in, 150, 172–73, 175, 181, 190, 220, 232

  in “Most Holy League,” 147

  as republic, 141

  Sforza’s taking of, 146

  Milanese silver imperial, 43

  Mirandola, Pico della, 209, 240

  Monastic Institutes, 62

  money:

  amorality of, 238

  art patronage and morality and, 186–88

  dangers of transportation of, 21, 22, 110, 114

  fourteenth-century poem about, 17–18

  intrinsic value and, 12–13

  magic and, 34

  moral law and exchange of, 11–15

  political power tied to art and, 2, 9, 10, 15, 17–19, 87–89, 93, 100, 108, 117–18, 124, 145, 158–59, 161, 164–65, 212

  religious patronage and, 124

  ritual and, 30

  Roman Church and international flow of, 20–22

  social order and, 15, 18, 158

  speed of profit or loss of deals in, 51

  see also banking; currency; usury

  monopolies:

  on alum, 190, 193

  viewed as sin, 193–94

  Montesecco, Count, 215–16

  moral law:

  banking and, 11–15

  metaphysical basis of, 15

  mortal sins, 24

  “Most Holy League,” 147

  Muhammad, 14

  Murate, 64

  myth, 209

  name saints, 169

  of Medici family, 125, 126

  Naples, 48, 196, 212–13

  claimant to papacy in, 51

  in Italy’s internal wars, 67–68, 76, 146, 218, 221, 225, 244

  Lorenzo de’ Medici’s diplomatic trip to, 222–23

  Medici bank branch in, 48, 50, 201, 219, 232

  in “Most Holy League,” 147

  ruling families of, 68, 116, 141, 218

  siege of, 9

  Nasi, Bartolomea de’, 239

  nature:

  monopolies viewed as violation of, 193–94

  usury viewed as violation of, 13–15

  nephews, given hereditary precedent over daughters, 205–6

  Neroni, Dietisalvi, 154, 157, 167

  Niccoli, Niccolò, 55, 121

  nobility, 6, 16–17, 77, 162

  see also aristocracy

  Nori, Francesco, 173, 182, 217

  North Africa, as source of slaves, 10, 63

  Officers of the Night, 36, 103, 178

  On Oratory (Cicero), 62

  “On Republican Education” (Patrizi), 238

  “On the Kingdom and Education of Kings” (Patrizi), 238

  “On the Prince” or “On the Citizen” (Bartolomeo), 238

  Orsini, Rinaldo, 204

  Orsini family, 163, 178, 202

  otto di guardia, 139, 156, 165, 167

  Ottoman Turks, 67, 134–35, 147, 176, 194–95, 197, 223, 244

  Padua, 10, 98

  Palazzo della Signoria, 88, 94, 95, 97, 118, 138, 145, 192, 216, 217, 218, 226, 241

  Palazzo Medici, 102, 104, 105, 114–15, 122, 145, 151, 154, 157, 159, 164, 168, 174, 208, 215, 245

  Papal Chamber, Depositary of, 47

  Papal States, 16, 116, 145, 203, 213

  in Italy’s internal wars, 67, 99–100, 218

  see also Rome

  Parenti, Marco, 107, 227

  Paris, 112

  parliament, of Florence, 94–96, 155

  balia and, 95–96

  Council of 100 formed by, 148–49, 158

  function of, 95, 138

  Piero de’ Medici’s power and, 165–67

  Patrizi, Francesco, 238

  Paul II, Pope, 180, 194–98, 201

  pawnbrokers, 30–31, 103

  Pazzi, Beatrice Borromei, 205

  Pazzi, Bianca de’ Medici, 163, 205

  Pazzi, Francesco, 212–17

  Pazzi, Giovanni, 205

  Pazzi, Guglielmo, 205, 213, 217

  Pazzi, Iacopo, 213, 217

  Pazzi, Renato, 213, 220

  Pazzi bank, 204, 212, 214, 227

  Pazzi family, 218

  and assassination plot against Lorenzo de’ Medici, 211–17, 219

  Lorenzo de’ Medici’s dispute with, 204–6

  Perugino, Il, 225

  Peruzzi bank, 6, 48, 118

  Petrarch, 57

  Petrucci, Cesare, 216

  Piccinino, Iacopo, 223

  Piccinino, Niccolò, 78–79, 90, 100, 116, 118, 223

  piccioli, 79–80, 226

  exchange between florins and, 31–35

  silver content of, 33

  workers’ salaries paid in, 32, 34

  Piccolomini, Enea Silvio, see Pius II, Pope

  pirates, 178

  Pisa, 19, 67, 71, 90, 118, 154, 204–5, 222

  Medici bank branch in, 118, 119, 120, 232

  Pitti, Luca, 155, 157, 163, 165, 167, 168, 192

  Pius II, Pope, 15, 176, 189, 195

  plague, 7–8, 9, 13, 37, 63, 134, 147, 220

  Plato, Platonism, 151, 185–88, 207, 210, 236

  podestà, 139–40, 143

  function of, 137

  Poggio Imperiale, 221

  political parties:

  illegality of, 84, 137

  two-party system of, 149

  political policy, utile vs. riputazione and, 74–76

  political power:

  of Cosimo de’ Medici, 3, 86–87

  Lorenzo de’ Medici on, 87

  of Medici bank, 83–84

  money and art tied to, 2, 9, 10, 15, 17–19, 87–89, 93, 100, 108, 117–18, 124, 145, 158–59, 161, 164–65, 212

  unofficial, 91

  see also democracy

  Poliziano, Angelo, 219, 220–21, 225

  Pollaiuolo, Antonio, 225

  poor, poverty:

  Church teachings and, 18–19

  cost of warfare and, 77

  Good Men of San Martino and, 108–9

  picciolo as currency of, 32

  sumptuary laws and, 35–36

  taxes and, 33, 77, 79–80, 226, 246

  Third World, 15

  usury and, 11

  popes (Curia), 87, 109

  Church wealth and, 25–26

  cost of bureaucracy of, 169

  discretionary deposits and, 23–24

  dispute over authority of, 113, 134–35

  failure to pay debts owed to, 33

  three simultaneous claimants as, 51–52

  tributes paid to, 20–21

  see also specific popes

  Portinari, Accerito, 112, 171–73, 182, 217

  Portinari, Beatrice, 83

  Portinari, Bernardo, 112–14, 174

  Portinari, Folco, 112, 171

  Portinari, Giovanni d’Adovardo, 83, 112

  Portinari, Maria di Francesco di Bandini Baroncelli, 178, 214

  Portinari, Pigello, 112, 171–73

  Portinari, Tommaso, 112, 125, 171, 173–79, 182, 196, 197, 211, 213–14, 220, 228, 230, 231–32

  Portinari family, 83, 112, 171

  Pound, Ezra, 1–2, 10

  printing press, 219

  priors, 99, 138–40, 143, 160, 192, 216

  Cosimo de’ Medici invited back to Florence by, 100

  election of, 87–88

  function of, 94, 137

  length of term served by, 87, 145

  number of, 19, 87, 137, 144

  political favors and, 143–44

  prostitutes, 31, 115–16, 121

  purgatory, 12, 20, 54, 123

  quattrino bianco, 226, 246
r />   referendums, 95

  reggimento, 142, 154

  relics, 131, 132, 152

  religious confraternities, 62, 84, 108–9, 116, 121

  Renaissance:

  forward vs. backward-looking views of, 5

  as product of money and political power, 2

  Republic, The (Plato), 207

  Riario, Girolamo, 204, 212–13, 215, 217

  Riario, Pietro, 211

  Riario, Raffaele, 215

  ribellione dei ciompi, 6–7

  Ridolfi, Antonio, 164

  Rinuccini, Alamanno, 227

  riputazione, 74–76

  Rise and Decline of the Medici Bank, The (Roover), 107

  Roman Church, 6, 64, 211

  alum and, 195–98, 204, 205

  discretionary deposits and, 23–24

  excommunication from, see excommunication

  fundamentalists vs. compromisers in, 23

  international cash flow and trade and, 20–22, 109–10

  Medici bank and, 47–48, 51–52, 91, 92, 93, 97, 113, 169, 224, 242

  monopolies viewed as unnatural by, 193–94

  price of official positions in, 20

  as religion of the establishment and the rich, 18–19

  schism between Eastern Church and, 116, 134–35

  transfers of wealth of, 25

  usury viewed as sin by, 1–2, 10–11, 13–15, 23–24, 45–46

  see also popes

  Roman Empire, 16, 66

  Roman florin, 43

  Roman numerals, used in written banking transactions, 30

  Rome, 6, 28, 87, 127, 149, 193, 201

  alum deposit discovered near, 195

  Cosimo de’ Medici in, 61, 63–64, 76

  credit denied to merchants from, 49

  Donation of Constantine and, 93

  international trade and, 20–22, 109–11

  in Italy’s internal wars, 67–71, 76, 84, 244

  Medici bank branch in, 47–48, 52, 61, 64, 83, 91, 110–11, 167, 168, 169, 172, 175, 180, 190, 198, 219, 224, 232

  in “Most Holy League,” 147

  as “pit of iniquity,” 236

  as political and economic center, 20–22

  sacking of, 9

  see also Papal States

  Rome, ancient, 57, 121

  Roover, Raymond de, 24, 73, 107

  Roses, War of the, 181

  Rossi, Lionetto di Benedetto d’Antonio de’, 175, 229, 231

  Rossi, Maria de’ Medici de’, 162, 175

  Rossi, Roberto de’, 55

  Rossore, San, Donatello’s bust of, 132, 133

  round ships, 40

  Rubinstein, Nicolai, 107–8

  Rucellai, Giovanni, 127, 131

  Rushdie, Salman, 14

  Saint Gemme, priory of, 233

  Sallust, 211–12, 219

  Salviati, Francesco, 204–5, 211, 212, 216, 217

  San Giorgio Maggiore Monastery, 99

  San Giovanni Battista, Church of, 8

  San Lorenzo, Church of, 85, 127

  Cosimo de’ Medici’s tomb in, 152

  San Marco, Monastery of, 92, 123, 133–34, 169

  Cosimo de’ Medici’s paying for restoration of, 11, 122, 124–28, 126

  Cosimo de’ Medici’s private prayer cell in, 114, 128, 210, 241

  Savonarola at, 240–41

  San Miniato al Monte, Monastery of, 92

  Santa Maria del Carmine, Church of, 74, 75

  Santa Maria Novella, 127, 166, 168

  Sant’Antonio, Convent of, 183

  Santa Trinità, Church of, 170

  Santissima Annunziata, 127

  Santo Spirito, Church of, 201

  Sassetti, Cosimo, 229, 233

  Sassetti, Francesco, 125, 149–50, 165, 169–71, 180–81, 220, 228, 232, 240

  Savonarola, Girolamo, 234–38, 240–43, 245

  Apocalypse sermons of, 240

  background of, 236

  birth of, 136

  execution of, 246

  fundamentalist preaching of, 234–35

  portrait of, 237

  as prior of San Marco, 241

  Scrovegni, Arrigo degli, 10

  Scrovegni, Reginaldo degli, 10, 14

  scrutinies, 137, 139, 142, 143, 148, 204

  Second Coming, 18–19

  “secret books,” 50

  “secret things of our town,” 136–38, 142, 151, 209

  seduto, 144

  “semper,” as Cosimo de’ Medici’s motto, 63

  Sforza, Francesco, 141–42, 148, 151, 154–55, 172

  as condottiere, 90, 116, 120, 146

  death of, 157, 173, 190

  as duke of Milan, 65, 106, 146, 150

  illegitimate background of, 65

  Medici bank and, 106, 117–18, 146, 150

  Sforza, Galeazzo, 151, 159, 184, 189, 201, 205, 211–12, 214, 219

  Sforza, Ippolita, 190

  Sforza, Lodovico, 214, 244

  ships:

  galleys, 118, 178–79, 198

  round, 40

  signoria, 88, 89, 97, 143, 147–48, 157, 165, 199, 216, 222, 224, 240

  composition and function of, 94–95, 96, 137

  power of Council of 100 over, 200

  silver-based currencies, 43

  of Florence, see piccioli

  silver imperial, 43

  Silvestrine order, 122–23

  sin:

  blasphemy viewed as, 14

  clarity and, 54

  Islamic view of, 14

  monopolies viewed as, 193–94, 197

  mortal, 24

  sodomy viewed as, 13–14

  usury viewed as, 1–2, 10–11, 13–15, 23–24, 45–46, 188

  Sixteen Standard Bearers, 95, 137

  Sixtus IV, Pope, 201, 203–5, 210–11, 212, 217–18, 223–24, 241

  slaves, 10, 11, 34, 63–64, 86, 149, 152

  Slavic countries, as source of slaves, 10, 63

  social order:

  currency and, 32–34

  money as means of change in, 15, 18, 158

  sumptuary laws and, 34–35

  taxation and, 80

  Soderini, Niccolò, 155, 156, 164, 167, 192, 202, 206

  Soderini, Tommaso, 155, 202

  sodomites, in Dante’s hell, 13–14

  soldi a fiorino, 37

  Soliloquia (Augustine), 207

  “Song of the Bakers” (Medici), 209–10

  “Song of the Peasants” (Medici), 210

  sovrabbondanza, 81

  Spain, 9, 68, 135

  Spinelli, Lorenzo, 229, 239, 240

  stare sugli avvisi, 47

  “station in life,” 15, 25

  Stendhal, 223

  Storie fiorentine (Guicciardini), 222

  Strozzi, Alessandro, 143

  Strozzi, Palla, 96, 98, 100, 107, 111, 153, 158

  Strozzi family, 164

  sumptuary laws, 35–36

  Supreme Good, The (Medici), 210

  Switzerland, 9

  Sylvester, Pope, 93

  Symposium (Medici), 201

  Tani, Agnolo, 175, 177, 179–82

  taxes, 17, 19, 20, 87

  catasto, 73, 81–83, 85

  evasion of, 9, 73–74, 75, 82, 104, 109, 177

  on the poor, 33, 77, 79–80, 226, 246

  property, 147–48

  proportional, 80–82, 84

  quattrino bianco and, 226, 246

  for waging war, 73, 77, 78

  tax loans, 80–81

  Ten of War committee, 86, 89, 90

  Third World poverty, 15

  Thomas Aquinas, Saint, 14, 15

  Tolentino, Niccolò da, 97–98

  Tolfa, 195–96, 197

  Tornabuoni, Francesca Pitti, 165, 167

  Tornabuoni, Giovanni, 125, 166, 167, 168–69, 175, 178, 179–80, 196, 198–99, 211, 224, 228, 229, 232, 240

  Tornabuoni family, 162

  Tornaquinci, Neri di Cipriano, 50–51

  trade:

  bankers
and, 22–23, 39–40, 46–47

  bank failures and, 173, 240

  currency exchange and, 40–46

  florin as currency of, 32

  galley ships rented for, 118

  imbalance in, 109–11, 112–14, 135–36

  risks involved in, 39–40

  Rome and, 20–22, 109–11

  triangular movements in, 22, 135–36, 174

  Traini, 19

  Traversari, Ambrogio, 55

  triangular trade movements, 22, 135–36, 174

  Tribute Money, The (Masaccio), 74, 75, 80

  Trinity, 116, 134–35

  Turks, Ottoman, 67, 134–35, 147, 176, 194–95, 197, 223, 244

  Tuscan language, 225

  Tuscans, as bankers, 28

  Tuscany, 77, 79, 141, 219

  Twelve Good Men, 94–95, 137, 143

  usura, 1–2

  usury, 9, 104

  Dante’s hell and, 13–14

  debt bonds viewed as, 80–81

  discretionary deposits as means of avoiding, 23–24

  exchange deals as, 45–46

  legalized in Protestant England, 243

  “manifest,” 31

  “mental,” 24

  modern definition of, 1

  Pound on, 1–2

  standard provision in wills made for, 9–10

  viewed as sin, 1–2, 10–11, 13–15, 23–24, 45–46, 188

  see also interest; money

  utile, 74

  Uzzano, Niccolò da, 81, 86–87, 90

  Valla, Lorenzo, 93

  Vasari, Giorgio, 218

  veduto, 143–44

  Venetian ducats, 43, 90, 92

  Venetian-style bookkeeping, 33–34

  Venice, 22

  alum and, 196–98

  Cosimo de’ Medici in, 98

  doge of, 87

  in Italy’s internal wars, 67–68, 71, 76, 79, 84, 99–100, 106, 117, 141, 146–47, 150, 218, 221, 225, 244

  Lorenzo di Giovanni de’ Medici exiled to, 98

  Medici bank branch in, 48, 50–51, 63, 83, 91, 96, 99, 112, 116, 135, 146, 172, 201, 231, 232

  in “Most Holy League,” 147

  Venturi, Giovanni, 135

  Venturi & Davanzati, 135, 174

  Vernacci, Leonardo, 168, 175, 182

  Verrocchio, Andrea del, 191, 219, 225

  Virgil, 14–15

  Visconti, Bianca, 117, 141

  Visconti, Filippo, 67–68, 71, 77, 79, 84, 90, 116, 141

  Volterra, 85–86, 216

  alum and, 199–203

  sacking of, 201–3

  wealth tax (catasto), 73, 81–83, 85

  women:

  Boccaccio’s writing on, 55–57

  clothing regulations and, 36, 103, 178

  dowries and, 9, 19–20, 154, 161–62

  wool trade, 44, 179–80, 213–14, 228

  anti-Italian sentiment of English in, 114

  bookkeeping and, 34

  decline in, 176, 240

  English export restrictions on, 111, 114

  triangular movements in, 22, 135–36

  see also alum

  woolworkers:

  1378 revolt by, 7, 62

  association of, 194

  workers’ unions, 194

 

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