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Mar 30, 2020 · Business Insider estimates their first banking guy, Giovanni di Micci de' Medici (1360-1429), was personally worth as much as $36 million, which was more than enough to make him the richest man in Florence.
- Pauli Poisuo
- Masters of Florence
- The Medici Dukes of Florence
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Florence was not a democracy in the modern sense, but its ruling councils were elected by a limited male elite. Wives could and did exercise informal influence, although they were expected to maintain a demure public profile. The Medici did not always get their way. In 1433, opponents contrived to have Cosimo arrested, but as banker to the Republic...
Ippolito, the son of a gentlewoman, was legitimised and promoted as a future ruler. But after the Medici were exiled again in 1527, Ippolito’s uncle Pope Clement VII (Leo's cousin Giulio de' Medici) opted to make him a cardinal. This meant that when the Medici regained power (again with Spanish backing) it was Alessandro who became first ruler of t...
Meanwhile, in France, Catherine de' Medicihad become the single most powerful member of her line. She was married in 1533 to Henry, Duke of Orléans, the second son of the French king Francis II. When Francis’s heir died unexpectedly, Henry stood to inherit the crown – which he did in 1547, as Henry II, with Catherine becoming queen consort. When He...
The electress donated much of her fortune to charity: £4,000 a month. [53] On 19 February 1743, she died, and the grand ducal line of the House of Medici died with her. The Florentines grieved her, [54] and she was interred in the crypt that she helped to complete, San Lorenzo.
Dec 8, 2020 · Economic History of the Medici Family. By Charlotte Moy December 8, 2020. Immigrants from the countryside, the Medici family amassed wealth and used it to dramatically rise to power in Florence, Italy. The Medici moved to Florence in the twelfth century from the Mugello, an area in northern Tuscany. They joined the moneylending business early ...
One of those wealthy families was the Medici, who made money first as merchants and then as de facto rulers and bankers of Florence. By the 1400s, the Medici was one of the richest and most ...
Jul 8, 2018 · It was due to Cosimo’s meticulous and advanced banking practices which led to the substantial generation of their wealth, the Medici’s would use this impetus of a fortune to bankroll their...
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Nov 9, 2009 · The Medici family, also known as the House of Medici, first attained wealth and political power in Florence, Italy, in the 13th century through its success in commerce and banking.
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