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Noveschi
The Noveschi or the IX were a mercantile-banking oligarchy that ruled the Italian city-state of Siena from 1287 to 1355 AD They oversaw the period of Siena's greatest stability and prosperity in the Medieval era. A significant contributor to the instability that felled their regime was the 1348 outbreak of the Black Death The Black Death (also known as the Pestilence, the Great Mortality or the Plague) was a bubonic plague pandemic occurring in Western Eurasia and North Africa from 1346 to 1353. It is the most fatal pandemic recorded in human history, causi .... References Medieval bankers 13th-century rulers in Europe 14th-century rulers in Europe 13th century in the Republic of Siena 14th century in the Republic of Siena 14th-century Italian businesspeople {{Italy-hist-stub ...
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Merchant
A merchant is a person who trades in commodities produced by other people, especially one who trades with foreign countries. Historically, a merchant is anyone who is involved in business or trade. Merchants have operated for as long as industry, commerce, and trade have existed. In 16th-century Europe, two different terms for merchants emerged: referred to local traders (such as bakers and grocers) and ( nl, koopman) referred to merchants who operated on a global stage, importing and exporting goods over vast distances and offering added-value services such as credit and finance. The status of the merchant has varied during different periods of history and among different societies. In modern times, the term ''merchant'' has occasionally been used to refer to a businessperson or someone undertaking activities (commercial or industrial) for the purpose of generating profit, cash flow, sales, and revenue using a combination of human, financial, intellectual and physical capit ...
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Banker
A bank is a financial institution that accepts Deposit account, 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 Bank regulation, 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 accounting liquidity, 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 concept ...
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Oligarchy
Oligarchy (; ) is a conceptual form of power structure in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such as nobility, fame, wealth, education, or corporate, religious, political, or military control. Throughout history, power structures considered to be oligarchies have often been viewed as tyrannical, relying on public obedience or oppression to exist. Aristotle pioneered the use of the term as meaning rule by the rich, for which another term commonly used today is plutocracy. In the early 20th century Robert Michels developed the theory that democracies, like all large organizations, tend to turn into oligarchies. In his "Iron law of oligarchy" he suggests that the necessary division of labor in large organizations leads to the establishment of a ruling class mostly concerned with protecting their own power. Minority rule The exclusive consolidation of power by a dominant religious or et ...
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Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical region. Italy is also considered part of Western Europe, and shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione. Italy covers an area of , with a population of over 60 million. It is the third-most populous member state of the European Union, the sixth-most populous country in Europe, and the tenth-largest country in the continent by land area. Italy's capital and largest city is Rome. Italy was the native place of many civilizations such as the Italic peoples and the Etruscans, while due to its central geographic location in Southern Europe and the Mediterranean, the country has also historically been home ...
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City-state
A city-state is an independent sovereign city which serves as the center of political, economic, and cultural life over its contiguous territory. They have existed in many parts of the world since the dawn of history, including cities such as Rome, Athens, Sparta, Carthage, and the Italian city-states during the Middle Ages and Renaissance, such as Florence, Venice, Genoa and Milan. With the rise of nation states worldwide, only a few modern sovereign city-states exist, with some disagreement as to which qualify; Monaco, Singapore and Vatican City are most commonly accepted as such. Singapore is the clearest example, with full self-governance, its own currency, a robust military and a population of 5.5 million. Several non-sovereign cities enjoy a high degree of autonomy and are sometimes considered city-states. Hong Kong, Macau, and members of the United Arab Emirates—most notably Dubai and Abu Dhabi—are often cited as such. Historical background Ancient and medi ...
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Siena
Siena ( , ; lat, Sena Iulia) is a city in Tuscany, Italy. It is the capital of the province of Siena. The city is historically linked to commercial and banking activities, having been a major banking center until the 13th and 14th centuries. Siena is also home to the oldest bank in the world, the Monte dei Paschi bank, which has been operating continuously since 1472. Several significant Renaissance painters worked and were born in Siena, among them Duccio, Ambrogio Lorenzetti, Simone Martini and Sassetta, and influenced the course of Italian and European art. The University of Siena, originally called ''Studium Senese'', was founded in 1240, making it one of the oldest universities in continuous operation in the world. Siena was one of the most important cities in medieval Europe, and its historic centre is a UNESCO World Heritage Site. From January until the end of September of 2021 it had about 217,000 arrivals, with the largest numbers of foreign visitors coming ...
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Medieval Era
In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralized authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—most recently part of the Eastern Roman ...
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Black Death
The Black Death (also known as the Pestilence, the Great Mortality or the Plague) was a bubonic plague pandemic occurring in Western Eurasia and North Africa from 1346 to 1353. It is the most fatal pandemic recorded in human history, causing the deaths of people, peaking in Europe from 1347 to 1351. Bubonic plague is caused by the bacterium ''Yersinia pestis'' spread by fleas, but it can also take a secondary form where it is spread by person-to-person contact via aerosols causing septicaemic or pneumonic plagues. The Black Death was the beginning of the second plague pandemic. The plague created religious, social and economic upheavals, with profound effects on the course of European history. The origin of the Black Death is disputed. The pandemic originated either in Central Asia or East Asia before spreading to Crimea with the Golden Horde army of Jani Beg as he was besieging the Genoese trading port of Kaffa in Crimea (1347). From Crimea, it was most likely carried ...
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Medieval Bankers
In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralized authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—most recently part of the Eastern Roma ...
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13th-century Rulers In Europe
The 13th century was the century which lasted from January 1, 1201 ( MCCI) through December 31, 1300 ( MCCC) in accordance with the Julian calendar. The Mongol Empire was founded by Genghis Khan, which stretched from Eastern Asia to Eastern Europe. The conquests of Hulagu Khan and other Mongol invasions changed the course of the Muslim world, most notably the Siege of Baghdad (1258), the destruction of the House of Wisdom and the weakening of the Mamluks and Rums which, according to historians, caused the decline of the Islamic Golden Age. Other Muslim powers such as the Mali Empire and Delhi Sultanate conquered large parts of West Africa and the Indian subcontinent, while Buddhism witnessed a decline through the conquest led by Bakhtiyar Khilji. The Southern Song dynasty would begin the century as a prosperous kingdom but would eventually be invaded and annexed into the Yuan dynasty of the Mongols. The Kamakura Shogunate of Japan would be invaded by the Mongols. Goryeo resiste ...
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14th-century Rulers In Europe
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 establish ...
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13th Century In The Republic Of Siena
In music or music theory, a thirteenth is the Musical note, note thirteen scale degrees from the root (chord), root of a chord (music), chord and also the interval (music), interval between the root and the thirteenth. The interval can be also described as a Interval (music)#Simple and compound, compound major sixth, sixth, spanning an octave plus a sixth. The thirteenth is most commonly major or minor . A thirteenth chord is the stacking of six (major third, major or minor third, minor) thirds, the last being above the 11th of an eleventh chord. Thus a thirteenth chord is a tertian (built from thirds) chord containing the interval of a thirteenth, and is an extended chord if it includes the ninth and/or the eleventh. "The jazzy thirteenth is a very versatile chord and is used in many genres." Since 13th chords tend to become unclear or confused with other chords when Inverted chord, inverted, they are generally found in root position.Benward & Saker (2009). ''Music in ...
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