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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]
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.
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 ...
Lorenzo di Piero de' Medici (Italian: [loˈrɛntso di ˈpjɛːro de ˈmɛːditʃi]; 12 September 1492 – 4 May 1519) was the ruler of Florence from 1516 until his death in 1519. He was also Duke of Urbino during the same period.
Lorenzo de' Medici. Lorenzo succeeded his father, Piero. Lorenzo, as heir, was accordingly groomed by his father to rule over Florence. Lorenzo was the greatest artistic patron of the Renaissance. [39] He patronised Leonardo da Vinci, Michelangelo and Botticelli, among others. During Lorenzo's reign, the Renaissance truly descended on Florence.
The "no law shall" component is powerful, meaningful and destructive. ... when Pope Sixtus IV made Francesco Salviati archbishop to carry out a plot against Lorenzo Medici meant to drive out the ...
The death of Lorenzo de' Medici in 1492 marked the decline of the League. He had been one of its greatest supporters [ 9 ] and prime maintainer, [ 10 ] recognising the advantage of maintaining a balance among the five powers as opposed to trying to eliminate his enemies. [ 10 ]
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