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Compagnia Dei Bardi
The Compagnia dei Bardi was a Florentine banking and trading company which was started by the Bardi family, and which became one of the major medieval “super-companies” of the 14th Century. History The Bardi company was one of three major Florentine banking companies (called "super-companies" by some modern scholars) that assembled large amounts of capital and established wide-ranging, diversified business networks, doing business throughout the Mediterranean and in England. The Bardi company traded oil and wine, and had close economic ties to southern Italy and Sicily. Their chief product, however, was high-quality woolen cloth. The Bardi were the largest of these super-companies and seem to have been 50 percent larger than their closest rival, the Peruzzi company. In 1344, at about the same time as the Peruzzi company, the Bardi company went bankrupt and the Florentine writer Giovanni Villani blamed this on the repudiation of war loans by King Edward III of England. Howeve ...
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Florence
Florence ( ; it, Firenze ) is a city in Central Italy and the capital city of the Tuscany region. It is the most populated city in Tuscany, with 383,083 inhabitants in 2016, and over 1,520,000 in its metropolitan area.Bilancio demografico anno 2013, datISTAT/ref> Florence was a centre of medieval European trade and finance and one of the wealthiest cities of that era. It is considered by many academics to have been the birthplace of the Renaissance, becoming a major artistic, cultural, commercial, political, economic and financial center. During this time, Florence rose to a position of enormous influence in Italy, Europe, and beyond. Its turbulent political history includes periods of rule by the powerful Medici family and numerous religious and republican revolutions. From 1865 to 1871 the city served as the capital of the Kingdom of Italy (established in 1861). The Florentine dialect forms the base of Standard Italian and it became the language of culture throughout Ital ...
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Giovanni Villani
Giovanni Villani (; 1276 or 1280 – 1348)Bartlett (1992), 35. was an Italian banker, official, diplomat and chronicler from Florence who wrote the ''Nuova Cronica'' (''New Chronicles'') on the history of Florence. He was a leading statesman of Florence but later gained an unsavoury reputation and served time in prison as a result of the bankruptcy of a trading and banking company he worked for. His interest in and elaboration of economic details, statistical information, and political and psychological insight mark him as a more modern chronicler of late medieval Europe.Bartlett (1992), 35–36. His ''Cronica'' is viewed as the first introduction of statistics as a positive element in history. However, historian Kenneth R. Bartlett notes that, in contrast to his Renaissance-era successors, "his reliance on such elements as divine providence links Villani closely with the medieval vernacular chronicle tradition."Bartlett (1992), 36. In recurring themes made implicit through s ...
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Medieval Banking
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 Common Era, BCE in Assyria, India and Sumeria. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting Deposit account, deposits and performing the Bureau de change, change of money. Archaeology from this period in History of China#Ancient China, ancient China and history of India, India also shows evidence of Loan, money lending. Many scholars trace the historical roots of the modern banking system to medieval and Renaissance Italy#Early Modern, Italy, particularly the affluent cities of Florence, Venice and Genoa. The Bardi family, Bardi and Peruzzi Families dominated banking in 14th century Florence, establishing branches in many other parts of Europe.Noble Foster Hoggson, Hoggson, N. F. (1926) ''Banking Through the Ages'', New York, ...
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14th-century Disestablishments In The Republic Of Florence
As a means of recording the passage of time, the 14th century was a century lasting from 1 January 1301 ( MCCCI), to 31 December 1400 ( MCD). It is estimated that the century witnessed the death of more than 45 million lives from political and natural disasters in both Europe and the Mongol Empire. West Africa experienced economic growth and prosperity. In Europe, the Black Death claimed 25 million lives wiping out one third of the European population while the Kingdom of England and the Kingdom of France fought in the protracted Hundred Years' War after the death of Charles IV, King of France led to a claim to the French throne by Edward III, King of England. This period is considered the height of chivalry and marks the beginning of strong separate identities for both England and France as well as the foundation of the Italian Renaissance and Ottoman Empire. In Asia, Tamerlane (Timur), established the Timurid Empire, history's third largest empire to have been ever esta ...
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1344 Disestablishments In Europe
Year 1344 ( MCCCXLIV) was a leap year starting on Thursday (link will display the full calendar) of the Julian calendar. Events January–December * March 26 – ''Reconquista'': The Siege of Algeciras (1342–44), one of the first European military engagements where gunpowder is used, ends with the Muslim city of Algeciras surrendering and being incorporated into the Kingdom of Castile. * April 17 – Constantine II, King of Armenia, is killed in an uprising and succeeded by a distant cousin, Constantine III. * April 23 – The St. George's Night Uprising: The Livonian Order hangs Vesse, the rebel Estonian Elder of Saaremaa Island. * May 13 – Battle of Pallene: A Christian fleet defeats a Turkish fleet at Pallene, Chalcidice. * October 24 – Smyrniote Crusade: A Christian fleet succeeds in taking the port city of Smyrna from the Aydinid Turks. * December 6 – Five-year-old Erik Magnusson, the eldest son of King Magnus IV of Sweden, is a ...
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Boccaccino Di Chellino
Giovanni Boccaccio (, , ; 16 June 1313 – 21 December 1375) was an Italian writer, poet, correspondent of Petrarch, and an important Renaissance humanist. Born in the town of Certaldo, he became so well known as a writer that he was sometimes simply known as "the Certaldese" and one of the most important figures in the European literary panorama of the fourteenth century. Some scholars (including Vittore Branca) define him as the greatest European prose writer of his time, a versatile writer who amalgamated different literary trends and genres, making them converge in original works, thanks to a creative activity exercised under the banner of experimentalism. His most notable works are ''The Decameron'', a collection of short stories which in the following centuries was a determining element for the Italian literary tradition, especially after Pietro Bembo elevated the Boccaccian style to a model of Italian prose in the sixteenth century, and ''On Famous Women''. He wrote ...
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Giovanni Boccaccio
Giovanni Boccaccio (, , ; 16 June 1313 – 21 December 1375) was an Italian writer, poet, correspondent of Petrarch, and an important Renaissance humanist. Born in the town of Certaldo, he became so well known as a writer that he was sometimes simply known as "the Certaldese" and one of the most important figures in the European literary panorama of the fourteenth century. Some scholars (including Vittore Branca) define him as the greatest European prose writer of his time, a versatile writer who amalgamated different literary trends and genres, making them converge in original works, thanks to a creative activity exercised under the banner of experimentalism. His most notable works are ''The Decameron'', a collection of short stories which in the following centuries was a determining element for the Italian literary tradition, especially after Pietro Bembo elevated the Boccaccian style to a model of Italian prose in the sixteenth century, and ''On Famous Women''. He wrot ...
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Acciaiuoli
The Acciaioli, Acciaiuoli, Accioly, Acciajuoli or Acioli was an important family of Florence. Family name is also written Acciaioli, Acciainoli, or Accioly, Accioli, Acioli and Acyoly in Portugal and Brazil, where there are branches of it. Descent can be traced in an unbroken line from one Gugliarello Acciaioli in the 12th century; family legend says that Gugliarello (a name possibly derived from It. ''guglia'', needle) migrated from Brescia to Florence in 1160 because they were Guelphs and fled Barbarossa's invasion of Northern Italy. The Acciaioli founded a powerful bank in the 13th century (Compagna di Ser Leone degli Acciaioli e de' suoi consorti) which had branches from Greece to Western Europe until the bank collapsed in 1345.Jace Stuckey, ''The Eastern Mediterranean Frontier of Latin Christendom'' Bishop Angiolo Acciaioli briefly ruled Florence in the mid-14th century after the deposition of Gauthier de Brienne. Later they associated themselves to the Albizzi and then to the ...
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Wool
Wool is the textile fibre obtained from sheep and other mammals, especially goats, rabbits, and camelids. The term may also refer to inorganic materials, such as mineral wool and glass wool, that have properties similar to animal wool. As an animal fibre, wool consists of protein together with a small percentage of lipids. This makes it chemically quite distinct from cotton and other plant fibres, which are mainly cellulose. Characteristics Wool is produced by follicles which are small cells located in the skin. These follicles are located in the upper layer of the skin called the epidermis and push down into the second skin layer called the dermis as the wool fibers grow. Follicles can be classed as either primary or secondary follicles. Primary follicles produce three types of fiber: kemp, medullated fibers, and true wool fibers. Secondary follicles only produce true wool fibers. Medullated fibers share nearly identical characteristics to hair and are long but lack c ...
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Edward III Of England
Edward III (13 November 1312 – 21 June 1377), also known as Edward of Windsor before his accession, was King of England and Lord of Ireland from January 1327 until his death in 1377. He is noted for his military success and for restoring royal authority after the disastrous and unorthodox reign of his father, Edward II. EdwardIII transformed the Kingdom of England into one of the most formidable military powers in Europe. His fifty-year reign was one of the longest in English history, and saw vital developments in legislation and government, in particular the evolution of the English Parliament, as well as the ravages of the Black Death. He outlived his eldest son, Edward the Black Prince, and the throne passed to his grandson, Richard II. Edward was crowned at age fourteen after his father was deposed by his mother, Isabella of France, and her lover Roger Mortimer. At age seventeen he led a successful coup d'état against Mortimer, the ''de facto'' ruler of the coun ...
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Peruzzi
The Peruzzi were bankers of Florence, among the leading families of the city in the 14th century, before the rise to prominence of the Medici. Their modest antecedents stretched back to the mid 11th century, according to the family's genealogist Luigi Passerini, but a restructuring of the Peruzzi company in 1300, with an infusion of outside capital, marked the start of a quarter-century of prosperity that brought the family consortium to the forefront of Florentine affairs. Patronage Semi-public patronage reaffirmed the Peruzzi status in Florence: in his will in 1299, Donato di Arnoldo Peruzzi left money for a memorial chapel in a transept of the Basilica of Santa Croce, Florence. It was probably his grandson Giovanni di Rinieri Peruzzi who was Giotto's patron in frescoing the walls with murals honoring John the Evangelist and John the Baptist, which Giotto executed, starting in 1313. For economic historians, the surviving account books of the Peruzzi from the years 1335–1 ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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