How Did the Medici Family Gain and Use Their Power and Wealth

In the 15th century, the Medici of Florence made a banking fortune. They survived both concern crisis and exile. Thanks to their power in the church building – Medici popes ruled for well-nigh xx years – they succeeded in establishing themselves equally dukes of their home metropolis. The get-go duke's half-sister became the queen of France, one of two Medici women to hold that championship. Information technology was a stellar – if sometimes brutal – rise. But how did they exercise it?

Cosimo de' Medici (later known equally Cosimo the Elder) was, according to Pope Pius 2, "king in all but name" of Florence. This was not entirely a compliment: like Pius's habitation city of Siena (a Tuscan rival), Florence was a republic; it should non take had a rex. Cosimo was a broker, not a prince, though even Pius had to concede that Cosimo was "more cultured than merchants usually are".

Cosimo's father, Giovanni, had fabricated his money from the wool trade and banking. At the crossroads of the Mediterranean, linking the Silk Roads to the east with the routes to northern Europe, Italy was one of the wealthiest parts of the continent. The Medici were bankers to the popes, a lucrative business, and in their home city they built an alliance with a group of prominent families (frequently cemented by marriages) that gave them command of the city authorities.

Masters of Florence

Florence was non a republic in the modern sense, just its ruling councils were elected past a limited male elite. Wives could and did practice informal influence, although they were expected to maintain a demure public profile.

The Medici did not e'er get their way. In 1433, opponents contrived to have Cosimo arrested, simply equally broker to the Republic of Venice and the duke of Ferrara he had influential friends. He evaded execution and was exiled instead, albeit non for long; when his supporters won elections the following year, Cosimo returned to power. He used his wealth to patronise art, architecture and cultural projects, commissioning a new palace for the family, statuary sculptures by Donatello and enabling the completion of the dome for the city'due south cathedral to the blueprint of Filippo Brunelleschi.

Painting of Cosimo de' Medici, later known as Cosimo the Elder, by Pontormo
Cosimo de' Medici, later known equally Cosimo the Elder (Photo by Imagno/Getty Images)

After Cosimo's death in 1464, his son Piero de' Medici (Piero the Gouty) became caput of the family unit. He survived an attempted coup but died in 1469, leaving his 20-yr-quondam son Lorenzo de' Medici in accuse. This Lorenzo came to be known equally 'the Magnificent', although his ain dominion was non without serious challenges.

A second Piero succeeded in 1492. He proved a weaker ruler. In 1494, when war bankrupt out on the Italian peninsula and French troops marched s to assert an old claim to Naples, the Medici were once again expelled from Florence, gaining Piero his nickname: 'the Unfortunate'. The family unit were left dependent on their power base in Rome, where during 18 years of exile Piero'due south brother, Cardinal Giovanni de' Medici, rebuilt alliances.

In 1512, the Medici finally retook Florence with the aid of the Spanish. This was non a pretty concern. Their troops sacked the nearby town of Prato, torturing, raping, and murdering not only rival soldiers simply women, children, and priests, "without the slightest pity". Fearing the same treatment, the Florentines surrendered.

In 1513, Cardinal Giovanni was elected Pope, taking the name Leo X. He was an important patron of the arts. Raphael painted a triple portrait of Pope Leo with his cousin Cardinal Giulio de' Medici and another relative, Luigi de' Rossi. Leo commissioned Michelangelo to pattern a funerary chapel for the family unit. It was needed.

The next years were far from easy. The Medici lost two heirs in quick succession: first Leo's brother Giuliano, then his nephew Lorenzo. Leo moved speedily to shore up his power in Rome, but no quantity of manoeuvring in the papal court could solve the trouble that the Medici faced in 1519: they had no legitimate male person heir in the main line, merely two illegitimate boys – Ippolito and Alessandro, both under ten – and an babe girl called Catherine, who was excluded from the political structures of the Florentine Republic due to her sex activity.

The Medici dukes of Florence

Ippolito, the son of a gentlewoman, was legitimised and promoted as a future ruler. Merely after the Medici were exiled again in 1527, Ippolito's uncle Pope Clement VII (Leo's cousin Giulio de' Medici) opted to make him a central. This meant that when the Medici regained power (once more with Spanish backing) it was Alessandro who became start ruler of the city and so in 1532 duke of Florence: the starting time of the Medici to hold that title.

Alessandro – whose mother was described as "a slave" and "half-Negro" (she had probably worked in the Medici household) – was widely regarded as unsuitable to rule, but he succeeded in winning the favour of the Holy Roman Emperor (and king of Spain) Charles V, whose girl Margaret he married in 1536.

This alliance with the emperor had an impact, too, on Henry VIII's 'Great Matter' – his attempts to secure a divorce from his kickoff wife, Catherine of Aragon. Pope Clement was reluctant to alienate his key ally by insisting that Catherine, who was Charles 5's aunt, hold to a divorce.

In 1537, Alessandro was assassinated past a distant cousin, Lorenzino, who claimed he wanted to restore a republic; that, however, did not happen). Instead, another cousin, Cosimo, became duke of Florence. Over the course of a 37-year reign, Duke Cosimo built on Alessandro'due south achievements. He conquered Siena, and was granted the title G Duke of Tuscany. Alessandro's one-half-sis, Catherine de' Medici, went on to exist the outset of ii Medici queens of France.

Like his predecessors, Cosimo ran a spectacular, cultured courtroom. Italian mannerist Bronzino'southward portraits are attestation to the glamour of the Florentine ruling family, while in the Palazzo Vecchio under the supervision of Giorgio Vasari, a serial of frescoed rooms glorified the history of the Medici. Cosimo's successors also played host to a range of leading artists and thinkers, including Galileo Galilei, whom his son Ferdinando (then far as he could) protected from the Inquisition, also as Artemisia Gentileschi, who during the reign of Cosimo Two became the commencement woman to join the Florentine Academy.

The 'Apotheosis of Cosimo I de' Medici' by Gtigori Vasari. Cosimo was the first grand duke of Tuscany
The 'Apotheosis of Cosimo I de' Medici' past Gtigori Vasari. Cosimo was the first m duke of Tuscany (Photo by Fine Art Images/Heritage Images/Getty Images)

The Medici queens

Meanwhile, in France, Catherine de' Medici had become the unmarried almost powerful member of her line. She was married in 1533 to Henry, Duke of OrlĂ©ans, the second son of the French male monarch Francis Two. When Francis's heir died unexpectedly, Henry stood to inherit the crown – which he did in 1547, as Henry II, with Catherine condign queen consort. When Henry died in 1559 following a jousting blow, she became a key adviser to her sons.

Her Medici background was non an asset: she was attacked for her mercantile origins and 'Machiavellian' courtiers. She was blamed for the St Bartholomew's Day Massacre of 1572, in which leading Huguenots (Protestants) were killed, and which prompted a moving ridge of religious violence across France. Still, she was non the simply Medici queen of France: Marie de' Medici, married woman of Henry Four, also held that title, and ruled the kingdom every bit regent post-obit her hubby's bump-off.

The Medici 1000 dukes of the 17th century continued with the patronage of arts and sciences established past their forebears, simply every bit Europe's economical centre of gravity shifted towards its Atlantic ports they became relatively less influential. The main line of the dynasty concluded in 1737 with the expiry of Gian Gastone. His sister Anna Maria Luisa left the family fine art collection to Florence, ensuring it stayed intact while other keen collections were separate up and sold off.

Medici rulers in Florence, Rome and France – who is who?

Giovanni di Bicci de' Medici (1360–1429)

Founder of the Medici Banking company. Married Piccarda Bueri.

Cosimo de' Medici (1389–1464)

Too known equally Cosimo the Elder, hailed by Pope Pius II every bit 'king in all simply name of Florence'. Married Contessina de' Bardi.

Piero de' Medici, 'the Gouty' (1416-1469)

Famous for his commission of the Gozzoli Chapel. Married Lucrezia Tornabuoni.

Lorenzo de' Medici, 'the Magnificent' (1449–1492)

Constructive ruler of Florence from 1469. Married Roman noblewoman Clarice Orsini.

Piero de' Medici, 'the Unfortunate' (1472-1503)

Eldest son of Lorenzo. Expelled from Florence in 1494 after French invasion of Italy. Married Neapolitan noblewoman Alfonsina Orsini.

Pope Leo Ten aka Giovanni de' Medici , (1475-1521)

Second son of Lorenzo, elected pope in 1513.

Pope Cloudless Seven aka Giulio de' Medici (1478-1534)

Illegitimate son of Lorenzo's brother Giuliano de' Medici. Elected pope in 1523.

Lorenzo de' Medici, Duke of Urbino (1492–1519)

Son of Piero 'the Unfortunate'. Married French heiress Madeleine de la Bout d'Auvergne.

Catherine de' Medici (1519–1589)

Simply legitimate child of Lorenzo, Duke of Urbino. Married Henri, 2nd son of the male monarch of French republic. Queen of French republic from 1547.

Alessandro de' Medici (c1512-1537)

Illegitimate son of Lorenzo, duke of Urbino. First Medici duke of Florence (from 1532). Married Margaret (later known as Margaret of Parma), illegitimate daughter of Charles V, Holy Roman Emperor.

Cosimo I de' Medici (1519–1574)

Member of a junior branch of the family, succeeded as duke following Alessandro'due south assassination. Grand Duke of Tuscany from 1569. Married Eleonora of Toledo, girl of the Viceroy of Naples.

Francesco I de' Medici (1541-1587)

Married Joanna of Austria, and after her death at 31 his mistress Bianca Cappello, whose husband had been murdered, leading to rumours that the couple had contrived to dispose of their unwanted spouses.

Marie de' Medici (1573-1642)

Daughter of Francesco I, Marie was the second wife of Henry IV, king of France, and ruled as regent for her son following Henri'southward assassination.

Ferdinando I de' Medici (1549-1609)

Blood brother of Francesco I, Ferdinando initially became a cardinal, only did non have holy orders and succeeded as Grand Duke on his brother's death.

The later Medici Grand Dukes
  • Cosimo 2 (r1609-1621)
  • Ferdinando Ii (r1621-1670)
  • Cosimo III (1670-1723)
  • Gian Gastone (r1723-1737)

Medici Q&A: nine huge questions near the famous family, answered

Why are the Medici famous?

The Medici are famous every bit the ruling family of Florence from the 15th century through until early in the 18th. They made their money as bankers, and became extremely wealthy patrons of the arts. Gradually they shifted from having a leading role within the city government to become the hereditary dukes of the city state of Florence, then the Grand Dukes of Tuscany.

How did the Medici make their money?

The Medici made their money in the wool trade and banking. They imported wool from northern Europe – including from England and the Depression Countries – to Florence, where they processed it into a very refined cloth. Alongside that trade, the Medici were bankers: they lent money to other people and hoped to go a large render on what they had lent out. This mercantile background wasn't always helpful to their reputation, because a lot of people were quite snobbish most merchants; merchandise was non an aristocratic thing to do.

How rich were the Medici?

They were on a level with today's billionaires – that's the kind of calibration that we're looking at. When Giovanni di Bicci de' Medici died in 1429, he left an estimated fortune of 180,000 gold florins. He wasn't the richest man in Florence, only he was getting there. The family very speedily become one of the richest in Europe.

When and why did the Medici depository financial institution refuse?

The Medici bank operated at a time when there are no national banks, so it was lending money to other states and governments.

I their clients was Edward IV of England during the Wars of the Roses. He was a bad risk, but considering he was a rex, they couldn't turn him downwards, specially considering he was also the person who had to concur to their wool exports. Edward didn't pay back his loans directly. Instead he gave the Medici's a reduction in their wool tariffs, just this wasn't the aforementioned equally really having cash.

By this point, the Medici bank had branches all over Europe, and a number of other factors came into play, including mismanagement at the branch in Bruges and wider economic problems. Equally such, over the form of the 15th century the Medici became much more than dependent on holding offices within the city of Florence – and the patronage possibilities this provided – rather than making their money privately as merchants.

How many Medici popes were there?

There were 2 major Medici popes in the early 1500s: Pope Leo X (Giovanni de' Medici), who was elected in 1513, and his cousin Clement Vii (Guilio de' Medici), who was in power from 1523–34.

Later on in the century there were a couple more than. One was Pius Iv, who was from a very afar co-operative of the Medici family unit in Milan rather than the main Florentine ruling family. So there was Leo Xi, a much closer relative, but he lasted less than a month as pope before he died.

How important were the Medici to the Renaissance?

Being magnificent was regarded as a princely virtue, and the ruling families in all the Italian states at this time competed in magnificence via their patronage. This was very much part of showing off their honour, as well every bit the accolade of their state. If a family unit had aspirations towards nobility, then they would want to host the all-time festivals, to patronise the best artists and so on. For the Medici that included artists like Leonardo da Vinci, Sandro Botticelli and Michelangelo Buonarroti, and later Artemisia Gentileschi, and scientists like Galileo.

Patronage too meant doing good works for your church. For a family like the Medici – who were involved in a sure amount of dubious political business organization as well equally moneylending, which was still regarded equally quite problematic for Christians – endowing your local chapel with gorgeous religious art and educating people who weren't literate about the stories of the Bible was one way of atoning for your sins.

Were the Medici corrupt?

In the 15th century the Medici admittedly had their hands in the till in terms of the Florentine country. Before they were officially the hereditary rulers of the metropolis, they were borrowing coin from the authorities to fund their own lifestyle.

Over decades the Medici gradually took over the country. Along with allied families, they increasingly manipulated the governing structures past setting up emergency committees and then policing who could be elected to them. They began to appropriate more and more state ability for themselves.

Were the Medici as bad as the Borgias – or did they benefit from better PR?

It'south quite difficult to draw a line. Where the Medici had an reward over the Borgias is that they weren't foreign; the Borgias were somewhat stigmatised on the ground of being from Espana. In plow, Spain was stigmatised every bit being dwelling house to a lot of Jews and Muslims, and the Borgias were alleged to exist besides favourable to Jewish people. The Borgias likewise failed to establish themselves in a state, whereas the Medici succeeded – despite making themselves quite unpopular forth the mode.

More than successful than either of them were the Farnese, who came to power much more than discreetly and fabricated themselves Dukes of Parma and Piacenza. Nosotros don't talk about them much at present: they're not as famous because they never became embroiled in controversy in the same style the Borgias or Medici did.

What happened to the Medici? Exercise the Medici nevertheless exist?

The Medici continued to rule in Florence until they ran out of legitimate heirs in the master 2 lines of the family unit. At that point, in 1737, a junior line of the family tried to make a claim, but they weren't regarded as legitimate enough to take over. This branch of the Medicis still exists today.


Catherine Fletcher is a historian of Renaissance and early modern Europe. Her latest book is The Dazzler and the Terror: An Alternative History of the Italian Renaissance (Bodley Head, 2020). You can also listen to her discuss the Medici in more detail in this episode of the HistoryExtra podcast

This content was first published by HistoryExtra in 2021

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Source: https://www.historyextra.com/period/renaissance/medici-family-florence-why-famous-bankers-princes-popes-grand-dukes-tuscany/

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