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For economic historians, the surviving account books of the Peruzzi from the years 1335–1343 provide an indispensable primary source for the economic history of the city on the cusp of the late Medieval and Early Modern period. The contemporary chronicler Giovanni Villani is the other prime source for the family's affairs.
However, Villani was not an independent source; his brother was a member of the Peruzzi company that also went bankrupt. [3] Villanni said that Edward owed the Bardi 900,000 gold florins (£135,000) and the Peruzzi 600,000 (£90,000). [4] However, the Peruzzi's records show that they never had that much capital to lend Edward III.
The House of Bardi was an influential Florentine family that started the powerful banking company Compagnia dei Bardi.In the 14th century the Bardis lent Edward III of England 900,000 gold florins, a debt which he failed to repay along with 600,000 florins borrowed from the Peruzzi family, leading to the collapse of both families' banks.
The bankruptcy of the Scali was not exceptional; over the whole 13th and 14th centuries a long string of such events kept sending shock waves over the European financial scene. This certainly points to the difficulty bankers of the time faced when trying to safeguard the public's trust in their ability to repay (numerous cases of fraudulent ...
Danish state bankruptcy of 1813; Post-Napoleonic Depression (post-1815) (England) Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle; Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England
Later there was the bankruptcy of the Bardi (1343 [135]) and Peruzzi (1346 [135]). The accompanying growth of Italian banking in France was the start of the Lombard moneychangers in Europe, who moved from city to city along the busy pilgrim routes important for trade.
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Ubaldino Peruzzi (2 April 1822 – 9 September 1891) was an Italian politician of the Kingdom of Sardinia and the Kingdom of Italy. He was twice mayor of Florence. He was a member of the Peruzzi family. His paternal grandmother was a member of the Medici family. He was a recipient of the Order of Saints Maurice and Lazarus. [1]