"Medici Money"

Paper Summary:

This paper examines how "Medici Money: Banking, Metaphysics, and Art in Fifteenth-Century Florence" by Tim Parks is an astonishing story that illustrates the rise and fall of the Medici family, the development of international banking, and one hundred years of Florentine history during the Renaissance. It also looks at how in "Medici Money", Parks clearly shows the parallels of fifteenth century banking and the desire for power and money to the financial and political problems of today.

From the Paper:

"In Medici Money, Parks expertly focuses on the business dealings of the Medici family in the economic and political environment of the time while comparing their period with today. Founded in Florence in 1397, the Medici tale spans more than a century that includes the gain of wealth and power and the collapse of the largest and most prosperous bank at the time. As the rise of the bank begins, the Medici's place little importance on political gain or power, and only wish to further their business. But as time passes and their wealth grows, they soon understand what influence their money has on society. In order to continue being successful and maintain their monetary achievements they must become the most powerful family in Florence through the use of shady business practices and an almost mob-like appearance. "

Sample of Sources Used:

• Parks, Tim. Medici Money Banking, Metaphysics, and Art in Fifteenth-Century Florence (Enterprise). Boston: W. W. Norton & Company, 2005.

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