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The Medici Family
The Medici Bank
The Medicis: So What? Ruling Florence: The Medici Family produced three popes (Leo X, Clement VII, and Leo XI) who were rulers of Florence. They were able to bring Florence under their family's power, allowing for an environment where art and humanism could flourish. Florence became one of Europe's richest cities. Arts and Architecture: The biggest accomplishments of the Medici were in the sponsorship of art and architecture, mainly early and High Renaissance art and architecture. The Medici were responsible for the majority of Florentine art during their reign. Their money was significant because during this period, artists generally only made their works when they received commissions in advance.
FAMILY
MEDICI
THE
Piero de Medici's family
The Medici Family ruled Florence, Italy from 1434 to 1737 Giovanni's son, Cosimo the Elder, (1389-1464) took over in 1434 as gran maestro. Cosimo the Elder's descendants ruled until the assassination of Alessandro de' Medici, first Duke of Florence, in 1537. The rule was interrupted (between 1494–1512 and 1527–1530), as revolts sent the Medici into exile.
- Cosimo the Elder (1389-1464) was Giovanni's son and was born in Florence. He had his father's mind for business and inherited his wealth. He also died in Florence. - He was famous for his patronage of culture and the arts. He established a modern Platonic Academy in Florence. He died at the Villa Medici at Careggi.
The Medici Bank was one of the most prosperous and most respected in Europe. There are some estimates that the Medici family was, for a period of time, the wealthiest family in Europe. From this base, the family acquired political power initially in Florence, and later in wider Italy and Europe. A notable contribution to the profession of accounting was the improvement of the general ledger system through the development of the double-entry bookkeeping system for tracking credits and debits. This system was first used by accountants working for the Medici family in Florence.
Sources used: -http://en.wikipedia.org/wiki/Medici http://www.yesnet.yk.ca/schools/projects/renaissance/medici.html http://www.britannica.com/EBchecked/topic/372380/Medici-family
- Pierro de Medici (1416-1469) was born in Florence. and died there. He was known as Piero the Gouty. - He didn't play an extensive rule in his family due to his poor health. In 1467 he had to face the war against the Republic of Venice. He also continued the family's tradition of artistic patronage, including the Procession of the Magi.
- Giovanni di Bicci de' Medici (1360–1429) was the founder of the famous and powerful Medici dynasty of Florence and the Medici bank. - He was born in Florence into a poor family and died there. He was not interested in politics unless it revolved around his bank. He put his family onto the road to wealth and power.
Benozzo Gozzoli's Journey of the Magi, in the Palazzo Medici Riccardi in Florence (1459–61)
Cosimo's quote of the day
I have done nothing else but earn money and spend money; and it became clear that spending money gives me greater pleasure than earning it
