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Parks - Medici Money

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Medici Money

Lucky for Italy that Tim Parks decided to live there and write about his new home. His acute sense of people and history now comes to a grand fruition in his tome on the Medici, a gift to anyone who has been dazzled by Florence. Splendid reading. Frances Mayes, author of Under the Tuscan Sun

Witty and penetrating Parks deftly unravels these complexities, illustrating both their benefits and the pitfalls with illuminating detail [he] recounts the Medicis story with an infectious enthusiasm. His own conjuring trick is to tell this grand saga, with all its chicanery, in a clear and lucid style. Martin Baker, Sunday Telegraph

Parks, who is sceptical about bankers, writes about them with pace, wit and some passion. Economist

The story-telling is wonderful. Parks brings a novelists flair to his task and comes out as a hip and snappy narrator wit, elegance and intelligence He has an infallible eye for interesting anecdote Medici Money marks a marriage of the banking history of the Medici and the familys political shenanigans that has never before been attempted For those who liked to be gripped by the past Tim Parks has surpassed himself and produced a thoroughly readable book on the Medici. Independent on Sunday

He is master of the historic present, carrying us through events with the excitement of a live observer. David, Abulafia, Times Literary Supplement

A book which is as lively as it is learned. Scotsman

TIM PARKS is the author of eleven novels, including Europa (shortlisted for the Booker Prize), Destiny and Rapids. He has also written three accounts of life in northern Italy, two collections of essays and many translations of Italian writers. He lives in Italy.

ATLAS

The books in the Atlas series will explore entrepreneurship, greed, finance, business, economics over the centuries.

Published titles

James Buchan

Adam Smith

Rich Cohen

The Record Men:

Chess Records and the Business of Rock & Roll

Tim Parks

Medici Money:

Banking, Metaphysics and Art in Fifteenth-Century Florence

Forthcoming titles

Richard Rayner

California Capitalists:

the Big Four and the making of California

BY TIM PARKS

FICTION

NONFICTION

Tongues of Flame

Italian Neighbours

Loving Roger

An Italian Education

Home Thoughts

Translating Style

Family Planning

Adultery and Other Diversions

Juggling the Stars

Hell and Back

Goodness

A Season with Verona

Shear

Medici Money

Mimis Ghost

Europa

Destiny

Judge Savage

Rapids

Medici Money

Banking, Metaphysics, and Art in Fifteenth-Century Florence

Tim Parks

Medici Money - image 1

This paperback edition published in 2006

First published in Great Britain in 2005 by
Profile Books Ltd
3A Exmouth House
Pine Street
Exmouth Market
London EC1R 0JH
www.profilebooks.com

First published in the United States in 2005 by
Atlas Books/W. W. Norton & Company, Inc.

Copyright Tim Parks, 2005, 2006

7 9 10 8 6

Printed and bound by CPI Group (UK) Ltd, Croydon, CR0 4YY

The moral right of the author has been asserted.

All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book.

A CIP catalogue record for this book is available from the British Library.

ISBN-10 1 86197 757 3
ISBN-13 978 1 86197 757 1

Medici Money - image 2

Contents
Medici Family Tree

Chronology 1348 The plague kills more than a third of the population of - photo 3

Chronology

1348

The plague kills more than a third of the population of Florence

1378

The revolt of the ciompi (woolworkers rebellion)

1389

Birth of Cosimo de Medici

1397

Cosimos father, Giovanni di Bicci, founds the Medici bank in Florence with a branch in Rome

1400

Branch of the Medici bank opens in Naples

1402

Branch of the Medici bank opens in Venice A Medici wool factory opens in Florence

1406

Florence conquers Pisa

1408

A second Medici wool factory opens in Florence

1410

Baldassarre Cossa elected Pope Giovanni XXIII

1416

Birth of Piero de Medici (the Gouty)

1420

Death of Baldassarre Cossa; his tomb is commissioned by Cosimo de Medici

Giovanni di Bicci retires, leaving the bank to his son Cosimo

1424

Milanese army routs the Florentines at Zagonara

1426

Branch of the Medici bank opens in Geneva, later transferred to Lyon

1427

Introduction of the catasto, a form of direct taxation

1429

Death of Giovanni di Bicci

War with Milan over Lucca

1433

Branch of the Medici bank opens in Basle

Medici silk factory opens in Florence

September 7, Cosimo de Medici arrested and exiled

1434

September 29, Cosimo recalled to Florence

1435

Giovanni Benci becomes director of the Medici holding

1436

Branch of the Medici bank opens in Ancona

Dome of the Florence Duomo completed

143643

Restoration of the Monastery of San Marco financed and directed by Cosimo de Medici

1437

Christians in Florence banned from all moneylending practices

1438

Ecumenical conference between leaders of the Byzantine and Roman churches, in Florence

1439

Branch of the Medici bank opens in Bruges

1440

Death of Cosimos brother, Lorenzo

1442

Branch of the Medici bank opens in Pisa

1443

Closure of the Ancona and Basle branches of the Medici bank

1446

Branches of the Medici bank open in Avignon and London

1449

Birth of Lorenzo de Medici (the Magnificent)

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