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Brucker, Gene A. Renaissance Florence (2nd ed. 1983) Cochrane, Eric. Florence in the Forgotten Centuries, 1527-1800: A History of Florence and the Florentines in the Age of the Grand Dukes (1976) Crum, Roger J. and John T. Paoletti. Renaissance Florence: A Social History (2008) excerpt and text search; Goldthwaite, Richard A.
News of this sacrilege reached Pope Sixtus IV (who had also supported the conspiracy against the Medicis). Sixtus IV was "outraged" and excommunicated everyone in Florence. Sixtus sent a papal delegation to Florence to arrest Lorenzo. [40] The people of Florence were obviously enraged by the Pope's actions, and the local clergy too.
In 2013, Florence was listed as the second best world city by Condé Nast Traveler. [56] Manufacturing and commerce remain highly important. Florence is Italy's 17th richest city in terms of average workers' earnings, with the figure being €23,265 (the overall city's income is €6,531,204,473), coming after Mantua, yet surpassing Bolzano. [57]
The idea of interest came about in Venice from Jewish bankers. The Medici’s were able to by-pass laws against interest by charging commission on converting different currencies. War bonds became popular in Florence and other Italian cities. Dutch merchants became rich by purchasing spices in the East Indies and trading them in Europe.
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.
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These repeated collapses had a profound impact on the public's perception of the financial world. In Italy they became bywords of the little faith one could put in a foreign sovereign; during the 1940s the Italian fascist cinema even used this theme as a propaganda weapon against the United Kingdom ( Re d'Inghilterra non pagà , 1941).
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