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The House of Medici (English: / ˈ m ɛ d ɪ tʃ i / MED-itch-ee, UK also / m ə ˈ d iː tʃ i / mə-DEE-chee; [4] Italian: [ˈmɛːditʃi]) was an Italian banking family and political dynasty that first consolidated power in the Republic of Florence under Cosimo de' Medici and his grandson Lorenzo "the Magnificent" during the first half of the 15th century.
The first de facto Lord (Italian: Signore) in the history of the Republic of Florence was Cosimo de' Medici.Thanks to his moderate policy, Cosimo managed to maintain power for over thirty years until his death, ruling the state silently through his trusted men and thus allowing the consolidation of his family, the Medici, in the government of Florence.
The Medici family effectively ruled Florence on a hereditary basis, from 1434 to 1494, and 1512–1527. After Alessandro de' Medici was installed as the "Duke of the Florentine Republic" in 1530, in April 1532, Pope Clement VII convinced the Balía , Florence's ruling commission, to draw up a new constitution, which formally created a ...
Lorenzo's grandfather, Cosimo de' Medici, was the first member of the Medici family to lead the Republic of Florence and run the Medici Bank simultaneously. As one of the wealthiest men in Europe, the elder Cosimo spent a very large portion of his fortune on government and philanthropy, for example as a patron of the arts and financier of public works. [7]
Cosimo de' Medici was born in Florence to Giovanni di Bicci de' Medici and his wife Piccarda Bueri on 27 September 1389. [6] At the time, it was customary to indicate the name of one's father in one's name for the purpose of distinguishing the identities of two like-named individuals; thus, Giovanni was the son of Bicci, and Cosimo's name was properly rendered Cosimo di Giovanni de' Medici.
The title of Grand Duke, was in fact the second title of recognition within the Tuscan politics given by a Pope to the Medici family, the first being that of Duke of the Florentine Republic, created by Pope Clement VII in 1532. [3] [4] The official residence of the Grand Dukes was the Palazzo Pitti in Florence, bought by the Medici in 1549. [5]
The Duchy of Florence (Italian: Ducato di Firenze) was an Italian principality that was centred on the city of Florence, in Tuscany, Italy.The duchy was founded after Pope Clement VII, himself a Medici, appointed his relative Alessandro de' Medici as Duke of the Florentine Republic, thereby transforming the Republic of Florence into a hereditary monarchy.
When Florence's anti-Medici faction failed to rise, Lorenzino fled to Venice, where he was killed in 1548 at the direct orders of Emperor Charles V. [41] Florence's Medici supporters – called Palleschi from the balls on the Medici arms – ensured that power passed to Cosimo, the first of the "junior" branch of the Medici to rule Florence. [2]
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