Medici Money Banking Metaphysics and Art in Fifteenthcentury Florence Tim Parks

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 · 967 ratings  · 116 reviews
Starting time your review of Medici Money: Banking, Metaphysics, and Art in Fifteenth-Century Florence
Joanna
Apr 22, 2017 rated information technology it was amazing
I highly recommend this book!

On a contempo visit to Florence, my guide suggested several books to continue my learning of Renaissance Florence, including Medici Coin. I am then glad she endorsed this book as it provides an first-class counterpoint to Paul Strathern's The Medici: Power, Money, and Ambition in the Italian Renaissance, which I read to set for my trip to Florence. While Strathern's book is entertaining and far-reaching in its scope (the Ewings from Dallas take zippo on the Medici westward

I highly recommend this volume!

On a recent visit to Florence, my guide suggested several books to keep my learning of Renaissance Florence, including Medici Money. I am and so glad she endorsed this book as it provides an excellent counterpoint to Paul Strathern's The Medici: Power, Coin, and Ambition in the Italian Renaissance, which I read to prepare for my trip to Florence. While Strathern'south volume is entertaining and far-reaching in its scope (the Ewings from Dallas have zilch on the Medici when information technology comes to drama), that book bothered me with several of the author'due south biases and prejudices, not to the lowest degree of which was his thinly veiled homophobia.

In contrast, Parks' Medici Money narrows the telescopic of the book to focus just on the first four leading members of the Medici family unit: founder of the bank Giovanni di Bicci; mastermind Cosimo di Giovanni; Cosimo'due south son Piero; and, Lorenzo il Magnifico. Parks deliberately organized this narrow scope so that he could help us meliorate understand the brilliantly cursory arc of the Medici bank's history. And that is Parks' point: the Medici family achieved success and upward mobility precisely because of their banks. Strathern, on the other hand, treats the Medici banking system as a device to move his narrative; he wishes but to tell a dramatic story about a famous family dynasty and their sphere of influence.

I admit that I struggled with the economic science- and banking-focused chapters 1 and 2 of Medici Money, as those topics are not my strong adapt. Nonetheless, I powered through them and fabricated several fascinating connections to the modern 24-hour interval as I progressed through the book. Connections include:

• Cosimo's (aka Cosimo the Elder) ability structure in Florence reminds me very much of The Godfather. Parks acknowledges that illustration in the volume, and further clarifies how Italian lodge still has that system of patrimony and favors for advocacy.

• History proves the brilliance of the TV show The Wire. To wit, Parks sums up Machiavelli's Florentine Histories: "Absolutely nothing is stable. People seem to be taking a certain pleasure in expose and circuitous trickery, about every bit if such vices were a novelty. Nevertheless for all the twists and turns of combat and conspiracy, at a deeper level nothing really seems to change."

• Several of the defining causes of the Medici banking company's turn down are fictionalized fantastically in Dorothy Dunnett's book Niccolo Rising, the beginning in her Firm of Niccolo serial. Tommaso Portinari every bit the Manager of the Bruges branch of the banking company and the alum monopoly in the Papal States are the 2 biggest examples.

The Big Short connection: The Medici banking company'south version of the mortgage-backed securities debacle unfolded largely for 2 bad decisions:

ane – Many of the Medici branches extended disastrous, unrecoverable loans to dukes and monarchs across Europe – Edward IV of England; Knuckles of Burgundy Charles the Bold; and Knuckles of Milan Francesco Sforza, to name but a few. Without the delicate art of exchange that had been the cornerstone of the bank's growth, loans to such figures doomed the Medici banks, just equally they had several Florentine banks a century prior.

2 – Giovanni di Bicci had created the holding visitor organizational structure for the Medici banking organization, which for many years was the cornerstone to the banking company'due south growth and success. As Parks explains, "Each co-operative was to be a separate company. The shareholders were: the co-operative director, to the melody of something betwixt 10 and 40 percent, then the Medici bank for the rest. Not the Medici family personally, and non the Florence branch, which had the same status as the other branches, only rather a separate property visitor located in a separate function in Florence. In this style, a large number of capital-begetting partners could be brought in – one or two in each co-operative and ane or 2 more important figures in the holding – without the Medici themselves ever losing command of either the parts or the whole."

* The holding company organizational structure helped the Medici bank, for many years, to avoid the fates of the Peruzzi and Bardi Florentine banks in the 14th century.
* Nonetheless, upon the decease of Giovanni Benci in 1455, the holding company system disappeared from the Medici bank structure. Power devolved to the branch managers without centralized oversight and balanced management. Branch managers then began behaving like their Medici employers with lavish spending and extending the above devastating loans in efforts to align with and be close to powerful figures across Europe.

• In the vein of The Big Brusk, information technology would exist interesting to observe out more almost the global financial bear on of the closure of the Medici banks. Did information technology accept the same bear on that the consortium of banks worldwide had in the 20th and early 21st centuries with their sub-prime mortgage-backed securities scheme?

• Humanism's iconoclastic touch: "Supremely eclectic, [Marsilio] Ficino'south humanism annihilated all divisions – this in stark dissimilarity to the Christianity of the previous centuries, which had followed a single tradition, full-bodied on an established canon of authors, yet managed to divide the world very sharply, possibly depressingly, into expert and bad, true and false, correct and wrong, sky and hell. This was why, for the humanists, the recent past had to be not so much argued with equally surpassed, forgotten. It would not permit the thrill of the exotic, or a more personal selection of what to read and call back. From now on instead, any statement would accept identify within a new zona franca where ancient met modernistic, East met West, and the excited heed was costless to endeavour out what information technology liked. Humanism, in curt, unlocked the door to that supermarket of ideas we live in today."

• Lorenzo the Magnificent was Florence's Trump. He even had his own early Twitter feed when he used the press printing, newly arrived in Italy, to spread his propaganda (Renaissance alternative facts?) about the Pazzi conspiracy against the Medici.

• Parks takes a much more disquisitional stance toward Lorenzo the Magnificent than Strathern, considering Lorenzo to accept mismanaged the banking concern with disastrous consequences. Parks makes a compelling argument that encourages further enquiry and consideration. I added several of the books he references in his bibliography to my reading list for follow-upwards.

• The catamenia of Lorenzo the Magnificent's "rule" eerily echoes the behaviors of our society nether this new assistants: "It seemed a new sort of personality was in the making: that of the human being who does not observe information technology too much of a problem to exist liberal and virtuous in private while toeing an disciplinarian line in public. And perhaps this had come up virtually in response to a new kind of society where public life would e'er involve a surrender of honest, if but considering the basis of ability would always exist doubtable, always require a constant try of propaganda to assert its legitimacy."

• The Medici type of international banking company had a lot in common with le Carré'southward character Richard Roper in The Night Manager as Parks explains: "The contrast alerts us to a status essential to the development of international banks of the Medici variety: a certain laxity in the application of religious police force, or, better however, a complete separation of church and state. In short, there is an affinity between money and eclecticism. 'No man tin serve two masters,' says Jesus. Merely coin can serve any number. It is no respecter of principles. Broken upwards into unimposing and neutral units, value flows into any cup, a shower of gold into whatever coffer, be it in Constantinople, Rome, or Jerusalem. The idealist, whether Christian or Muslim, Communist or No-Global, must ever be suspicious of money and cyberbanking. Just the idealist is not to be confused with the ideas human being. Quite the contrary. Admirably flexible, the humanist thinkers with their eclectic reading were notorious for finding authorities to justify whatever form of government best suited their paymasters."

Parks' Medici Money is a fresh perspective on Medici and Florentine history during the Medici banking company's heyday in the fifteenth century. His writing fashion is concise and pithy, making this a very quick read once I surmounted the mental challenge of medieval and early on Renaissance economics.

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Anton Tomsinov
Oct 08, 2016 rated it did not like it
I thought this would be something nigh the financial function of the Medici history, in vein of Raymond de Roover's The Ascent and Pass up of the Medici Banking company, 1397–1494, but the book tells yet things other books say nearly 'rising and decline, decline, decline of the Medici'. Too bad, fifty-fifty for a non-academic book. There are no references, but I suppose that most information comes from a very limited number of other books. In fact, the author'south comments about the academic literature on the Medic I thought this would be something almost the financial part of the Medici history, in vein of Raymond de Roover'south The Ascent and Pass up of the Medici Depository financial institution, 1397–1494, merely the volume tells however things other books say nigh 'rise and refuse, decline, decline of the Medici'. Too bad, even for a non-bookish book. At that place are no references, simply I suppose that nigh information comes from a very limited number of other books. In fact, the author'due south comments almost the academic literature on the Medici betray his inability to comprehend existent historical works. At that place is no structure, no central theme, as if merely the total book was important. Some events are described in detail, other every bit important ones are omitted. There are many attempts to make jokes, but they are not funny at all, while thoughts about culture or philosophy are primitive. The author takes readers for idiots and tries to make everything seem too simple. He fifty-fifty has nothing better to describe the impact of the fall of Constantinople in 1453 than to compare it to September 11, which is like comparison the battle of Waterloo to the gunfight at the O. K. Corral. ...more
Michael
Mar 06, 2010 rated it really liked information technology
For the terminal few months I've been studying Italy during the Renaissance. And I've been researching information technology in the only logical way for a studious higher grad to report anything: wikipedia.

Well, not Just wikipedia. Too, other Renaissance-focused websites that I could never reference if writing an article for ANYTHING. Fortunately, the research isn't for whatever kind of reputable writing. It's for the fantasy novel I've been slowly brewing these past few months. Subjects I need to study for this book: t

For the last few months I've been studying Italy during the Renaissance. And I've been researching information technology in the only logical mode for a studious college grad to written report anything: wikipedia.

Well, not Just wikipedia. Besides, other Renaissance-focused websites that I could never reference if writing an article for ANYTHING. Fortunately, the research isn't for whatsoever kind of reputable writing. It's for the fantasy novel I've been slowly brewing these by few months. Subjects I need to study for this book: the Catholic church and Italy during the 1400's (the fifteenth century in general, actually); the spiritual traditions of Native Americans from the Great Plains; perchance Napoleon, if I get super aggressive. No, trust me, in makes sense. Anyway, if any goodreaders out there have whatsoever recommendations on any of these topics, please shoot them my way.

On to the volume in question: Medici Money. This was a fascinating and witty look at the rise and fall of family Medici, the family unit that had near monarch-similar control of Florence at a time when the appearance of republicanism was a cardinal office of Florence'southward identity. Despite the abiding flux of people in and out of ability (the council in charge was 'randomly' determined, and changed every TWO MONTHS), the Medicis managed to control a vast amount of the goings-on in Florence. For most of a century.

Tim Parks'southward writing is witty, entertaining and vivid. But, he doesn't cite sources! This was a constant source of frustration for me, although he has an afterword discussing other skilful books on the subject of the Medicis. It was an enjoyable enough book for me to look past the lack of sources and just hope Tim Parks is honest.

His style makes this equally as entertaining equally it is informative. His voice is conversational, with occasional digressions, lots of judgement fragments, and several moments where he vividly describes the scene---smells, colors, sounds---surrounding the book's characters. Speaking of characters, he paints Cosimo and Lorenzo Medici vividly, providing insight into their characters without either villainizing them or drooling all over their robes. The other Medicis in betwixt aren't given as much particular, but he'southward clearly chosen to focus on the most interesting ii.

That said, the book screeches to an terminate without much warning. And, subsequently reading the whole matter and hearing about this family that suffered from crippling gout, I all the same take no idea what gout is. Back to wikipedia!

Did you know? Peasants in Florence were required to wear simply one color of clothing at a time. And there were strict limits on the numbers and types of buttons peasant women could wear. Also, the wealthy exchanged a class of currency called the florin, while the poor were paid in a completely split up currency. Because of a ridiculous exchange charge per unit, information technology was entirely impractical to convert your money from this lesser currency into florins. Thus, the peasants were kept in place by their currency, in addition to everything else keeping them down.

Anyway, I'one thousand glad to take stumbled beyond this terrific picayune book. Information technology's a fast, entertaining read, with a lot of irony and intrigue packed in. If the subject thing interests you, you really should seek this volume out.

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Hiral Arora
Jun 20, 2020 rated it it was amazing
An amazing read. I read it right after watching the Medici Netflix series and I loved how much I learnt virtually Italian history and civilisation from this book. Information technology besides helped me sit through The Prince past Macchiaveli which I doubt I would accept otherwise read. The context helped a lot.

Highly recommend to anyone who plans on visiting Florence, it volition make you look at everything with deeper interest and understanding. I wish I could become back and look at everything again.

Angel Pärn
Jul 23, 2019 rated information technology it was amazing
How to explain Renaissance era explosion of fine art and architecture? Even these days, when y'all walk the streets of Firenze and look at those masterpieces in the course of sacral buildings, palazzos, sculptures and paintings you can't help merely wonder who were those people backside it. Yep, nosotros know it was pure genius of Leonardo, Botticelli, Brunelleschi and others that made it possible. Only going deeper we start to realise that it wouldn't be possible without patrons, the Big Money.

The Medici Bank constitute

How to explain Renaissance era explosion of art and architecture? Even these days, when y'all walk the streets of Firenze and expect at those masterpieces in the form of sacral buildings, palazzos, sculptures and paintings you lot tin can't help but wonder who were those people behind it. Aye, we know information technology was pure genius of Leonardo, Botticelli, Brunelleschi and others that made it possible. But going deeper we start to realise that information technology wouldn't be possible without patrons, the Big Money.

The Medici Bank founded in 1397 past Giovanni de Medici was non the get-go international bank in history, and eventually it went under, but through its five Medici family unit generations it shaped the history of Western art and specially the metropolis of Firenze as nosotros run into information technology today and gave the reason why information technology is visited past millions of tourists each twelvemonth.

In the name of God and of Profit!

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Steve
Jun 03, 2011 rated it liked it
This is a book with incredibly interesting content that is let down by inadequate writing and mediocre composition. In terms of content, this book is incredibly fascinating. This volume is quite cursory, and there is nothing incorrect with that. Its abbreviated size ways that information technology should have been an excellent style to introduce oneself to the world of tardily medieval/early on Renaissance Florence and Northern/Central Italy. This is the guide volume that i tin can pick upwardly before trying to read a more detailed and d This is a volume with incredibly interesting content that is allow down by inadequate writing and mediocre composition. In terms of content, this volume is incredibly fascinating. This volume is quite cursory, and there is nil wrong with that. Its abbreviated size means that information technology should take been an excellent fashion to introduce oneself to the world of late medieval/early Renaissance Florence and Northern/Central Italy. This is the guide book that one can pick upwardly before trying to read a more detailed and dense history. I am also impressed with many aspects of Park'southward analysis. I think he has some very cogent assessments of the meaning of the many complex events in the glittering and roiling Medici court. I am non deplorable to have read this volume.

However, I must take exception to Park'due south mode. The book starts out well enough, laying a good groundwork for understanding tardily medieval banking. The narrative bogs considerably when it comes to Cosimo de Medici, however, the human being who brought the Medici banking company to the height of its powers. When Parks gets to Lorenzo 'the Magnificent' - grandson of Cosimo - the narrative improves considerably and it is clear that Parks, despite pointing out Lorenzo'due south considerable defects equally a banker, is much more interested by Lorenzo the profligate than he is by the sober and cautious Cosimo.

For my taste, Park'due south style is only too different and 'innovative'. I get the sense that he is trying a more 'mod' form of prose style and for my function it does not piece of work. For i affair, he is in love with hanging participles, sentence fragments, and dropping verbs. This makes his writing closer to how many people may *talk* but it makes for bad writing. Speech is not the same every bit writing, and trying to brand them the same mostly leads to bad speech or bad writing. Parks likewise indulges too often with putting words in the oral fissure of his subjects, and doing so without quotation marks. This can get really confusing, and it is not something that I prefer in a history. Additionally, Parks often gets devil-may-care with indefinite pronouns, so that it becomes hard to decide, for instance, which 'he' from the prior sentence Parks is referring to. In a history book this can exist a killer, as the cast is already difficult enough to distinguish.

For modern American readers, for instance, it is difficult enough to go along rail of all of the different Italian names in play (My great-grandfather was Italian and so this is not an ethnic jab), but Parks makes it even harder by not existence considerate of his readers. He needed to work harder to overcome the confusion that a profusion of names can cause. (Afterward all, how often do readers mutter nigh Russian novels? It is important to make the cast of characters tractable to the reader.)

I do wish that Parks had chosen to be less 'innovative' in his prose style precisely because his prose took away from what was in itself an incredible story to begin with. At that place was no need to use his prose to spice upwardly the narrative. Instead his prose simply fabricated an already complex story more hard to understand. (By and by I come up from that subsection of academia that is firmly against that kind of thing.)

Not as egregious, only also annoying was Park's composition at times. Every bit stated above, his narrative is best when it comes to Lorenzo the Magnificent, and is often deficient elsewhere. His composition is all-time when it comes to Lorenzo, the flow from idea to thought, topic to topic is very good. Only from the starting time quarter of the book to the terminal quarter the composition is choppy and inconsistent, the catamenia is constantly interrupted by segues into pertinent but poorly introduced concepts. What Parks needed to exercise, and he does this when it comes to Lorenzo, was to do more overall framing. He needed to explain the greater meaning of Cosimo in the same fashion he did for Lorenzo. If he had washed this, information technology would have fabricated his collection of facts gel into a unity and thereby make more sense. This is the ultimate aim of composition afterward all. Well composed writing moves from strength to strength, causing each new fact or observation to contribute to the whole. This is the duty of the author. This is not to say that the reader tin be completely passive, but since as in a dance the author is the lead, and so it is upwards to the writer to become that atomic number 82 through the efficient and logical organization of ideas.

He ends the book with extreme abruptness and this is in keeping with his other writing decisions. But I must say that it does the book no service to have washed this. A short conclusion is non that hard to write and as with any good repast, a dessert at least brings a satisfactory closure.

I do not want to be too hard on Parks. His book is perfectly acceptable equally a short history, and the book beingness short means his sins are not all that horrible. In an 800 folio history, his mistakes would have had a much worse effect. The reader will learn about the Medici and be ready to have on longer accounts if he or she is so inclined. I also think Parks' analysis of historical events are very enlightening. I don't agree with all of them, merely they all made me remember, and I like that. But this book frustrates me precisely because it could have been and so much improve. A uniformly bad book does not frustrate me as much as a book that gets ever so close then falls down.

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Maciej Gajewski
Rating: 2.5/5

Content-wise, this volume is fascinating. Information technology just lacks in terms of execution.

The raw story of the Medici family itself makes for a great read. I liked how the author used it to show interdependencies between business organisation (banking), politics, religion and lodge. Many of those relationships are and so familiar with how our current culture looks like that it's interesting to see they didn't appear yesterday - on the contrary; they were present in human history for a long fourth dimension. If you lot th

Rating: 2.5/v

Content-wise, this book is fascinating. Information technology only lacks in terms of execution.

The raw story of the Medici family itself makes for a smashing read. I liked how the author used information technology to prove interdependencies between business (banking), politics, religion and social club. Many of those relationships are so familiar with how our current civilization looks like that it'south interesting to see they didn't appear yesterday - on the contrary; they were nowadays in human history for a long fourth dimension. If y'all call up that electric current corporations are corrupted and dishonest and that Wall Street is where it all originated, y'all are in for a surprise.
In this regard, I liked how Tim Parks built the narrative and made it relatively easy to mentally comprehend for fifty-fifty those who know most nothing of Italy from the ages (like myself).

On the other side, it was written in a very chaotic, difficult-to-procedure way. It looks more like a transcription of a lecture series than a well-edited book. Information technology's hard to believe that it has undergone a serial of revisions from a publisher - or fifty-fifty that it had an editor.
The author likes to use incomplete sentences, omit verbs, or vague references. I believe it would work better if he would tell me this story orally, over a loving cup of coffee, rather than to have it penned on newspaper.

I remember that's the reason why information technology took me virtually three months to finish reading this fairly brusk volume - while starting & finishing other books in the meantime. Even though the story itself was material for a folio-turner, its disorganized delivery fabricated it difficult to enjoy it fully.

I'm glad that I had had an opportunity to selection information technology upwards and that I had finished it, as I've learned a dandy deal out of information technology, and there were plenty of times I enjoyed it thoroughly. I'thou just a flake frustrated, as it could take been much ameliorate than this.

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Salem
Jun xvi, 2011 rated it it was amazing
A very engaging narrative and a nice mixture of history and finance. Of all the history books I've read, this is by far the well-nigh fun to read. The best thing I came out with after reading this book is the similarities betwixt our modern-solar day life and the world back in the 15th century. Although nosotros tend to call up differently, the motivations and struggles that existed dorsum then still exists today in virtually societies. Except for the speed of transportation and advice, about of our human habits ar A very engaging narrative and a overnice mixture of history and finance. Of all the history books I've read, this is by far the most fun to read. The best matter I came out with afterwards reading this book is the similarities betwixt our modern-day life and the world back in the 15th century. Although nosotros tend to think differently, the motivations and struggles that existed dorsum so still exists today in most societies. Except for the speed of transportation and advice, most of our human habits are the same and has non changed. Banking and commerce is only one example.

If you lot retrieve modern financing tools of using exchange of goods instead of direct lending is an invention of mod twenty-four hour period heart eastern theologians, think once more. Back in the 1400'due south in Italia, the lending of coin with involvement was banned by the catholic church. However, just similar our modern capitalistic world, back then, merchants wanted to borrow and bankers wanted to be compensated for their chance.

To become around this, Medici Bank invented what is called the beak of commutation. What this bill does is allow a merchant to obtain a bill from Italia and cash in Italy's currency with the hope to pay information technology back in London after sometime with the London'southward currency. The catch, however, is the difference in exchange rate. For example a unit of measurement of Italian currency would just buy you 3 goats. However, the commutation rate used in London would buy you 4 goats.Therefore, the lender would make a profit of 1 goat past manipulating the value of the medium–in this case, currency.

Another exercise would supersede currency prices with prices of any commodity, such as steel. The client obtains four tons of steel from the bank for futurity payment at the cost of 5 tons. The bank makes a profit of one ton of steel from this loan by manipulating the price of the medium–in this case, steel. In reality, what would happen is the profit from the transaction is made to exist similer to what information technology would exist had interest been charged.

Motivation is of import. In both cases, if the motivation is the exchange of goods for a profit and not the lending for interest, so information technology is not usury. Of course, this is a big if. Most of the time, information technology is clear that what the merchant wants is a loan in cash and is willing to pay interest on information technology.

In regards to stock-still deposits with interest, the practice was prohibited by the church for it was considered usury. This was mitigated by Medici Depository financial institution'due south invention of discretionary deposit accounts. In this case, the client would deposit the money at the banking company, but without contractual obligation for the bank to pay interest. The return, or turn a profit, would then exist given equally a "gift" at the bank's discretion, hence the term discretionary account. "If the bank failed to produce the gift…the customer took his cash elsewhere."

All these practices were declared not usury by the Pope at the time. To quote the author, "for everything must exist declared a sin or not a sin, 'He who is not for me is against me', Christ said"

Again, all this happened in 15th century in Europe–six-hundred years ago!

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Lauren Mouat
Jan 26, 2021 rated information technology information technology was amazing
I dear this book. Explaining the complexity of the Italian banking system during the Renaissance is no small feat and making it entertaining? I don't know how he did it. Worth information technology for the first few chapters alone that delve into how people in the Renaissance really thought nearly god, social club, money, banking, art, and their eternal souls. I love this volume. Explaining the complexity of the Italian banking arrangement during the Renaissance is no small feat and making it entertaining? I don't know how he did it. Worth it for the first few chapters alone that delve into how people in the Renaissance really thought about god, guild, coin, banking, fine art, and their eternal souls. ...more
Bart
Nov 05, 2014 rated it liked it
It's a skillful, concise overview of how the Medicis operated and came to ability (and lost it) in Florence. What it lacks was a little bit more context. While keeping the focus entirely on the Medicis fabricated it easier to follow on a number of levels, I do wish we had heard a little more about the other players in Italy - particularly the Popes, figures like Savonarola, and the artists they employed.

The other thing I had an issue with was Parks' writing way. He likes short sentences. A lot. He uses them

It's a expert, concise overview of how the Medicis operated and came to power (and lost it) in Florence. What it lacks was a trivial bit more context. While keeping the focus entirely on the Medicis fabricated it easier to follow on a number of levels, I do wish we had heard a trivial more than nigh the other players in Italy - especially the Popes, figures like Savonarola, and the artists they employed.

The other thing I had an result with was Parks' writing fashion. He likes short sentences. A lot. He uses them. Frequently. And it grates. Makes it difficult to become into. Bothered me. Considerably.

I approximate he thinks it sounds a little more conversational, only seriously, there is nothing wrong with a sentence that has more than 4 words in it. And it actually disrupts the rhythm of the book, rather than make it easier to read. Thankfully the whole book isn't similar that, but there are seriously long stretches of absurdly curt sentences and sentence fragments that are totally jarring and remove me from the world of the Medicis.

Overall, though, information technology'south a proficient volume with some skillful insights, but information technology's not as comprehensive as I had hoped, with stylistic choices that I seriously question.

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Ilya Popov
A total delight of a text, vivid and colourful, and with a practiced-natured sense of humour towards the oddball fauna that is history.

Wedged somewhere between the globe of academic texts found in second-hand bookshops and university bookstores and pop fiction readily obtainable in general bookshops, Parks' novel straddles the line that divides these two worlds with considerable ataraxy.

Wry observations, curious facts, an obvious interest in the topic, and a good humor permeate this del

A total delight of a text, vivid and colourful, and with a skillful-natured sense of humour towards the oddball creature that is history.

Wedged somewhere betwixt the world of bookish texts found in second-hand bookshops and university bookstores and pop fiction readily obtainable in general bookshops, Parks' novel straddles the line that divides these two worlds with considerable aplomb.

Wry observations, curious facts, an obvious interest in the topic, and a good sense of humor permeate this delightful history text.

It's hard to make a history of finance and coin interesting, equally the topic is not one that many might find engaging or interesting. Reader, if such is the example - give this text a go. Information technology'south never confusing, nor boring. You lot will larn to understand why wool imports/exports mattered, and learn a lot near letters of credit, and even a bit about numismatics.

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Erin Richie
I've been pretty fascinated with the Medici history of late and hoped to larn more than by reading this volume. While it did have interesting nuggets- I personally found information technology difficult to follow with limited background cognition. Information technology jumps around a bit.
B
May 04, 2019 rated it really liked information technology
While at times information technology gives the impression that it'south been written in haste, the book provides a relatively tidy narrative of the gold century of Florence marked by de Medici family.

The intricate and delicate byzantine political games that each head of the family unit plays, mostly but to but survive as the weakest of the 5 Italian powers (others being la Curia, Venice, Naples, and Milan), the opportunistic maneuvres (specially by Cosimo de Medici and later to an extent by Lorenzo il magnifico) ta

While at times it gives the impression that it's been written in haste, the book provides a relatively tidy narrative of the gilded century of Florence marked by de Medici family.

The intricate and delicate byzantine political games that each head of the family plays, by and large just to but survive as the weakest of the v Italian powers (others beingness la Curia, Venice, Naples, and Milan), the opportunistic maneuvres (peculiarly by Cosimo de Medici and later on to an extent by Lorenzo il magnifico) take place in an era where various forms of art are used both for personal advancement and prestige. Perchance the most interesting role of the volume is the detailed synopsis of the commercial system prevalent at the time (exchangers guild, pawn brokers, banche a minute, banca grossa) the monetary system (piccioli and florins); and the well-constructed caption as to how de Medici established themselves equally the bankers of Europe past advisedly avoiding the stigma of 'usury' through the utilise of dissimilar schemes such every bit discretionary deposits, "cambiale" (by taking advantage of currency substitution rates), and cambio secco (change of neb of exchange for another 1 without the need to convert into foreign currency), and their creation of banking company-holding structure. It also does a skillful job of explaining the geopolitics of Italy at the time (the wars of attrition amid the powers, more often than not led by condottieri) and of the political organization of Florence (the Signoria, composed of gonfoliniere, 8 priors, as well every bit two advisory bodies, the 12 proficient men, and the 16 standard bearers, along with council of the people and quango of the commune) – all in the proper name of maintaining a semblance of a rule of police force past the people, while in reality skirting it as much as possible through use of covert power and cunning.

Ultimately the main source of their downfall however seems to be the aforementioned as with the previous bankers Bardi and Peruzzi: that of loaning to the monarchs who were notorious for not repaying their debt; in short "wrong-way risk." The other was rampant nepotism and cronyism.

The author seems to accept a bit of a brain fart however when he compares fall of Constantinople to 9/eleven :)

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Msimone
Mar 25, 2019 rated it information technology was amazing
Parks' book offers insight into the meaning of the splendid and incredible and multi-facetted Italian "figura" equally practiced by the Medicis. The story of Medici money management begins with Giovanni Bicci, male parent of Cosimo Medici who similar his descendants expert usary, a sin that the cosmic church forbade and punished the guilde with excommunication, under the guise of commutation wherein unlike branches of banks traded appurtenances against coin whose wealth grew with merchant merchandise with silent, hi Parks' book offers insight into the meaning of the splendid and incredible and multi-facetted Italian "figura" as practiced by the Medicis. The story of Medici money direction begins with Giovanni Bicci, begetter of Cosimo Medici who like his descendants practiced usary, a sin that the catholic church forbade and punished the guilde with excommunication, under the guise of exchange wherein unlike branches of banks traded appurtenances against money whose wealth grew with merchant trade with silent, subconscious involvement. During the Renaissance, the state was managed by the wealthy who solidified their societal rank through matrimony dowries, the alum trade, mercenaires, and plans to the catholic church in exchange for bénéfices. The defended and outwardly humble accountant Cosimo expanded Medici influenceto the politics of Florence and the construction of monuments, and churches through his patronage. His son Piero consolidated Medici influence through marriage to an aloof family, and his grandson Lorenzo the magnifient added luster to the family name not through money management but through his poetry, and politics, and his influential relationship with the church that culminanted in his son Giovanni becoming Pope Leo Ten. Whatsoever traveller to Florence or for that thing anywhere in Italy would l meet the traces of the Medici in the paintings, sculptures, and architecture they patronized. They will observe them in the forteresss and chapelles of great families who weber their rivals similar the Sforza, Pazzi, and Albizzi. This volume is an interesting and informative
clarification of Renaissance politics, religion, fine art, and business and an close wait at the lifestyle of the nobles, the priests, and the tradesmen through the rise and fall of the Medici depository financial institution.
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Jan
Dec 14, 2017 rated it really liked it
A great read when you're visiting Florence. The volume deals with the invention and flourishing of cyberbanking in general, and the history of the five generations of Medici power in Florence in particular. The word 'bank' deriving from the green bench or table at which the deals were made. The focus is on the relationship between banking, art and organized religion. Profit from charging interest was, without the benefit of modern economic theory, considered unfair and sinful, as the lender is apparently not work A bully read when you're visiting Florence. The volume deals with the invention and flourishing of banking in full general, and the history of the v generations of Medici power in Florence in particular. The discussion 'depository financial institution' deriving from the light-green bench or table at which the deals were made. The focus is on the human relationship betwixt banking, art and religion. Turn a profit from charging interest was, without the benefit of modern economic theory, considered unfair and sinful, as the lender is obviously not working and withal getting rich. There must be something wrong with it. To ease their conscience the rich bankers/merchants donated money to the Church, for edifice monasteries and churches, and support artists to create bully works of art. Only past the same means they tried to increase their earthly immortal fame, by having their coat of arms or other signs insinuated into sculptures and paintings. Then by actualization in person as bystanders in biblical scenes, and in the stop as the focus of the paintings, demoting the biblical content to the groundwork, causing bishops to mutter that the art was bang-up, but at that place shouldn't exist so many bankers in information technology.

Tim Parks tells the story with a sense of humor, in a fine, novel-like writing style, and gives the great buildings and art of Florence their proper historical dimension when you lot walk around this magnificent city and feast your eyes on its cultural wealth.

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Maria Giddings
Tim Parks has an interesting, sorta playful, and sarcastic approach to talking about the details of the Medici banking empire. I establish the kickoff few chapters of the book really long and hard to follow. There is a lot of strange money exchanging practices and types of currency moving around between Europe, Florence and Rome and I felt like that could take been explained a little meliorate. But it could also just exist that that sort of economical practice bedazzles and confuses me. Afterward I got through th Tim Parks has an interesting, sorta playful, and sarcastic arroyo to talking nearly the details of the Medici banking empire. I establish the starting time few chapters of the book really long and hard to follow. There is a lot of strange money exchanging practices and types of currency moving around between Europe, Florence and Rome and I felt like that could take been explained a piddling better. But it could also just exist that that sort of economic practise bedazzles and confuses me. After I got through that, I actually got into the book and read it through the night. I like the sources that he uses and encourages the reader to go straight to the available archives to brand their ain opinion, to realize that the Medici were masters creating their ain propaganda. Overall, if you're into this type of stuff, it's a good read. ...more
Adil Khan
2 stars.

Tim Parks' Medici Money was the third and final book in my readings on the topic of Florence and the Medici family. Afterward reading Niccolo Macchiavelli's The Prince and Christopher Hibbert's The House of Medici, I was hoping to larn more than about the financial workings of the Medici banks, and their economical relations to the Papacy. Medici Money touches on these topics, but very lightly. Instead, it reads like an introductory text on the early Medicis (from Giovanni'south di Bicci to Giovanni d

2 stars.

Tim Parks' Medici Coin was the third and final volume in my readings on the topic of Florence and the Medici family. After reading Niccolo Macchiavelli'south The Prince and Christopher Hibbert'southward The House of Medici, I was hoping to larn more about the financial workings of the Medici banks, and their economic relations to the Papacy. Medici Coin touches on these topics, but very lightly. Instead, information technology reads similar an introductory text on the early Medicis (from Giovanni's di Bicci to Giovanni di Lorenzo, Pope Leo X). Most of the book is centred effectually the life of Cosimo di Giovanni, withal provides very few details on his transactions.

In consequence, I learnt cipher here that I had not already read in Hibbert's volume. That one I highly recommend.

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Ana Izvorska
It is a good book, very informative, and describing society, finances and the history in the Medici in an understandable style, you don't need to be an economist or a historian. it is worth reading if you are interesting the Medici.
It is difficult to read though - maybe if I had read information technology in i jiff, it could take worked merely I couldn't and every time I picked it upward I had to go dorsum to see what had happened last, considering the timeline was a bit confusing. It doesn't take capacity and I was getting lost
It is a skillful book, very informative, and describing society, finances and the history in the Medici in an understandable manner, you don't demand to be an economist or a historian. it is worth reading if you are interesting the Medici.
Information technology is hard to read though - maybe if I had read it in one breath, information technology could have worked but I couldn't and every time I picked it upwardly I had to go dorsum to see what had happened last, because the timeline was a bit confusing. It doesn't have chapters and I was getting lost in the story line. Information technology simply flows from ane moment to the other and yous really demand to put endeavour to follow, information technology is not made easy for the reader.
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Nicholas Good
Jun 01, 2018 rated information technology really liked it
The Medici family founded their first bank in 1397 and had a hundred run through iv generations during which they welded their wealth to dominate Florence, financially, politically, culturally and religiously. Their network of banks extended to Bruge, London, Paris and Lyon likewise as throughout Italy until it complanate in 1494. The two most prominent Medici were Cosimo who masterminded the growth of the banks, and his grandson Lorenzo who was passive flagman of banking matters but highly in The Medici family unit founded their showtime depository financial institution in 1397 and had a hundred run through four generations during which they welded their wealth to dominate Florence, financially, politically, culturally and religiously. Their network of banks extended to Bruge, London, Paris and Lyon as well every bit throughout Italia until it collapsed in 1494. The two virtually prominent Medici were Cosimo who masterminded the growth of the banks, and his grandson Lorenzo who was passive caretaker of cyberbanking matters simply highly influential in the development of humanism in Florence and patron of all of the arts. ...more
Chu Qiao
The volume tells stories of the first Italian banking family. Many topics are discussed in the book, politics, banking, and art. Information technology is to complex to identify a articulate story line. Only it still worth reading to empathise the origins of banking, parliament political form, the sin of Usury from church point of view, the intertwined relationships betwixt coin and politics, and especially artful skills of Cosmos (1389-1464) to balance between different powers in Florence. I want to visit the beautify c The book tells stories of the first Italian banking family. Many topics are discussed in the book, politics, banking, and art. Information technology is to complex to identify a clear story line. But information technology however worth reading to empathise the origins of cyberbanking, parliament political form, the sin of Usury from church building point of view, the intertwined relationships between money and politics, and especially artful skills of Cosmos (1389-1464) to balance betwixt dissimilar powers in Florence. I desire to visit the adorn city ane day. ...more
Megan
April 20, 2019 rated it liked it
Full of interesting facts, and mostly chronological so information technology was adequately easy to follow. Busts a few myths forth the style, and peppers it with how contemporaries and historians throughout the centuries felt well-nigh the Medici family unit, which was a great inclusion.

However, I actually couldn't get on with his writing style. Too many brusk judgement fragments. Like this. And practise we need then many questions posed and unanswered?

I certainly wish I'd read information technology before visiting Florence. I would have had few more south

Full of interesting facts, and by and large chronological so information technology was fairly easy to follow. Busts a few myths along the way, and peppers it with how contemporaries and historians throughout the centuries felt about the Medici family, which was a slap-up inclusion.

However, I really couldn't become on with his writing style. As well many short judgement fragments. Like this. And do we need then many questions posed and unanswered?

I certainly wish I'd read it before visiting Florence. I would have had few more sights on my list.

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Sci_cloudy
Apr fifteen, 2020 rated it really liked it
Tim Parks explains in detail not only the manner the Medici came to money and power, but likewise how money was to be made at the onset of the Renaissance. It's a portrait of societies attitudes towards cyberbanking and how money became entangled with power. Really interesting. While the central Medici men are well characterized, having some previous knowledge about the family does assist put things into perspective. Tim Parks explains in detail non just the mode the Medici came to money and power, only also how coin was to be made at the onset of the Renaissance. It's a portrait of societies attitudes towards banking and how coin became entangled with power. Really interesting. While the central Medici men are well characterized, having some previous knowledge nearly the family does assist put things into perspective. ...more
Colleen Semanek
I read this in anticipation of a trip to Italy. I wanted some knowledge and perspective for when I visit Florence. The book is not quite what I was looking for (more about the family/people than the depository financial institution), but it was definitely interesting and educational. Another example of how we as humans just exercise non acquire from our mistakes!
Paul S
Mar 27, 2019 rated it liked information technology
Small amount of coverage of banking and economics of the 1300'south. More than history and politics of Florence and Italy. The author does list books to read if you want to drill downward and on banking, politics and history. So in the end the book does give you a foot into Florence and the Medici's.

Also would be good to read before seeing Florence, some good info on the buildings and what to meet.

Alec
May 29, 2019 rated it information technology was ok
Fascinating topic. Started reading while abroad in Flo. but lost steam after I left. Less engaging when the monuments aren't surrounding you but, virtually importantly, Parks doesn't requite the Medici story enough narrative construction or direction. The book floods with names, dates, and repetitive anecdotes. The themes stay consequent only the page-turning is a drag for far too long.
Dan Doebler
Not my favorite writing style. A bit too coincidental and flippant for the historical research he claims to have done and his superior sources over others. Nonetheless, some will find it accessible and valuable perspective of the times and era of the Medici family. The scope of the work was probably a bit as well much to go on this moving in an interesting way.
Wolfgang
This is a very well researched, yet readable presentation of the rise and fall of the Medici banking empire.
The trouble with this text, in my stance, is that it lacks academic rigidity (sources) as well as fictional embellishments such as emotional motivation of the main characters.
Linda
Dec 21, 2018 rated it really liked information technology
Tim Parks is a expert writer, and his depiction of the ways in which the Medici (forth with the Papacy and diverse religious orders) tried to work around the Cosmic Church'due south prohibition on usury is truly fascinating. I'm non completely sold on his negative view of Lorenzo, though.
Grindy Stone
I think the author was trying to be breezy and lucid with this, but couldn't pull it off. Halfway through I nevertheless had no idea who the hell the characters are - Medici, Florentines, popes, artists, mercenaries are added and mixed together to create a dull, greyness porridge of history. I call up the writer was trying to exist breezy and lucid with this, only couldn't pull it off. Halfway through I nonetheless had no idea who the hell the characters are - Medici, Florentines, popes, artists, mercenaries are added and mixed together to create a dull, grey porridge of history. ...more
Nicolas
A really concise only remarkable history of the Medici, non only as facts and dates but likewise with a little written report of personalities, philosophy, trends and others surprising the Medici family unit of the 15th century, I enjoyed It from get-go to end.

Born in Manchester in 1954, Tim Parks grew upwards in London and studied at Cambridge and Harvard. In 1981 he moved to Italian republic where he has lived ever since, raising a family of iii children. He has written 14 novels including Europa (shortlisted for the Booker prize), Destiny, Cleaver, and most recently In Extremis.
During the nineties he wrote 2, personal and highly popular accounts of his lif

Built-in in Manchester in 1954, Tim Parks grew up in London and studied at Cambridge and Harvard. In 1981 he moved to Italy where he has lived ever since, raising a family of iii children. He has written fourteen novels including Europa (shortlisted for the Booker prize), Destiny, Cleaver, and almost recently In Extremis.
During the nineties he wrote two, personal and highly popular accounts of his life in northern Italy, Italian Neighbours and An Italian Education. These were complemented in 2002 by A Flavor with Verona, a one thousand overview of Italian life as seen through the passion of football. Other non-fiction works include a history of the Medici banking concern in 15th century Florence, Medici Money and a memoir on health, affliction and meditation, Teach Us to Sit However. In 2013 Tim published his virtually recent not-fiction piece of work on Italy, Italian Ways, on and off the track from Milan to Palermo.
Bated from his own writing, Tim has translated works by Moravia, Calvino, Calasso, Machiavelli and Leopardi; his critical volume, Translating Style is considered a classic in its field. He is before long working on a translation of Cesare Pavese'southward masterpiece, The Moon and the Bonfires.
A regular contributor to the New York Review of Books and the London Review of Books, his many essays are nerveless in Hell and Back, The Fighter, A Literary Tour of Italy, and Life and Work.
Over the last five years he has been publishing a serial of blogs on writing, reading, translation and the like in the New York Review online. These have recently been nerveless in Where I am Reading From and Pen in Hand.

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"MONOPOLIES, Like USURY, were illegal nether Church law. Because unnatural. God had given the natural world to all flesh, not to a chosen few. Denying people liberty and keeping prices artificially loftier, monopolies were obviously a form of stealing and could merely lead to perdition." — 0 likes
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