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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.
Finally, Italy's involvement in World War II as a member of the Axis powers required the establishment of a war economy. This put severe strain on the corporatist model, since the war quickly started going badly for Italy and it became difficult for the government to persuade business leaders to finance what they saw as a military disaster.
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.
A factor was dispatched to Venice to seek out investment opportunities. He did well and on March 25, 1402, the third branch of the Medici bank was opened. It suffered from some initial mismanagement (by the factor who had previously done so well—he made the fatal mistake of violating the partnership agreement and loaning money to Germans; on a more humane note, he would eventually become a ...
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]
Between the years of 1339 to 1349, wealthy houses went bankrupt and markets were reduced. The economy never peaked nor declined sharply again, aside from minor political and military disputes familiar to Florence. [3]: 78 Economic grievances had drawn artisans and wage-labourers into Florentine politics from the mid-fourteenth century. These ...
Until its exile from Florence in 1434, the Strozzi family was by far the richest in the city, and was rivaled only by the Medici family, who ultimately took control of the government and ruined the Strozzi both financially and politically. This political and financial competition was the origin of the Strozzi-Medici rivalry.
Florence thus hired Niccolò Piccinino and Oddo da Montone, but the two were also beaten in Val di Lamone. Oddo was killed but Piccinino was able to convince Manfredi to declare war against Visconti. After the failure in Romagna, Florence tried to defy the Visconti from the Ligurian side, by allying with the Aragonese of Naples. However, both a ...