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Used personal fortune to effect the future of Florence, once paid a foreign general 50,000 Florins not to attack Florence
Used their political power to have 2 of their family appointed to the position of pope, who ran the catholic church like a business and gave legitimacy to their economic efforts (usury was considered a deadly sin)
One of the Medician Popes Leo X’s sale of indulgences led to the protestant reformations
The Medici set a precedent for ruthless political control through economic means
Machiavelli wrote his master-work Il Principe , a book about keeping and maintaining political power through the lens of Lorenzo “the Magnificent” di Medici, the ruler of Florence during Machiavelli’s time
Medici Legacy Cont.
Their strategies are mirrored by those of 19th-20th century city bosses (graft) and Robber Barons (lobbying)
The Medici were one of the earliest examples of a multi-national banking operations with depositories in many cities
"| Galileo | Patrons | Medici Family." The Galileo Project . Web. 22 Sept. 2009. <http://galileo.rice.edu/gal/medici.html>.
Archer, Mark. "A century of riding high." The Spectator 18 June 2005: 39-39. The Spectator . ELibrary. Web. 22 Sept. 2009. <http://elibrary.bigchalk.com/elibweb/elib/do/document?>