De Medici Family

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De Medici Family

  1. 1. De Medici A Family of Bankers By Sam Knewstub
  2. 2. Medici Wealth Owned vast amounts of gold florins Pricless Art Large land holdings in the Mugello region Great political power in florence through their success in the banking industry
  3. 3. Giovanni di Bicci de Medici 1397- 1429 Began the business Trained along side his elder brother francesco by Vieri di cambio Became general manager of Rome branch which split into 3 banks Formed a partnership in the business with Benedetto di Lippaccio de’ Bardi then later Gentile di Baldassare Buoni
  4. 4. Cosimo de’ Medici 1428-1464 A.K.A. Cosimo the Elder or Cosimo I Acted as an ambassador promoting peace in the region Liberally spent the family fortune to promote renaissance behavior
  5. 5. Piero di Cosimo de’ Medici 1464- 1469 A.K.A. Piero the Gouty Married Lucrezia Tornabuoni link to florentine nobility Called up many long-standing loans Escaped attempted coup due to warnings from Lorenzo and Giovanni II Bentivoglio
  6. 6. Lorenzo de’ Medici 1469-1492 A.K.A. The Magnificent Ruler of florentine republic Spent a large amount of florins on art and philanthropy Made bad loans and caused the collapse of several branches HE HAD NINE CHILDREN
  7. 7. Effect on Banking Industry Creation of double-entry system Credits and Debits now in the ledger system!
  8. 8. The Decline Near collapse of the banks in London and Bruges Extreme shortage of cash in Roman branch from Papal Court Niccolo Machiavelli lays on the social pressure
  9. 9. Sources Fornaciari, Gino, and others. "Secrets of the Medici." Archaeology (Vol. 58, No. 4) July/Aug. 2005: 36-40. SIRS Renaissance. Web. 09 February 2010. "Cosimo II." Encyclopædia Britannica . Encyclopædia Britannica Online School Edition . Encyclopædia Britannica, 2010. Web. 9 Feb. 2010 <http://school.eb.com/eb/article- 9026465>. "Europe, history of." Encyclopædia Britannica . Encyclopædia Britannica Online School Edition . Encyclopædia Britannica, 2010. Web. 9 Feb. 2010 <http://school.eb.com/eb/article- 58340>. "Florence." Encyclopædia Britannica . Encyclopædia Britannica Online School Edition . Encyclopædia Britannica, 2010. Web. 9 Feb. 2 //school.eb.com/eb/article-22454>.

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