The Medieval Super-Companies: A Study of Peruzzi Company of by Edwin S. Hunt

By Edwin S. Hunt

This booklet breaks new floor by means of providing an in depth description and heritage of 1 of the main well-known businesses of the early fourteenth century. This research of the Peruzzi corporation produces a thorough reassessment of what made the Florentine super-companies so unprecedented: commodity buying and selling, specifically in grain, which required heavy capital, subtle association, and a global community. however the booklet additionally exposes the constraints in their monetary strength, and explodes the parable that the cave in of the Peruzzi and its joint-venture companion, the Bardi, used to be because of undesirable loans to Edward III to finance his invasions of France.

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Sapori in Storia economica, Vol. 2, 854-7. Intriguingly, the square in front of the confraternity hall was the site of the city's main grain market, also called Orsanmichele, since the second half of the thirteenth century. Here a miracle was recorded in 1291, which promptly gave rise to this popular and prestigious confraternity managed by eight, and later six, capitani. It is tempting to seek a connection between the Orsanmichele captaincy and the Peruzzi dealings in the grain market, but there is no suggestion of such in any of the literature.

D. , microfiche, University of London, 1983), Chap. 5. Sapori, Storia economica, Vol. 2, 657. I libri, 497-9, memoranda in Giotto's Secret Book. 24 Medieval super-companies was a fresh ordering of the leadership of the popolo in Florence. 61 Despite their new prominence in Florentine politics, the Peruzzi managed somehow to avoid direct involvement in the Black-White crisis that split the Guelf party into two warring factions. 62 Logically, the Peruzzi should have been sympathetic to the Whites led by Vieri Cerchi, who, although one of the magnati, was a rich, talented merchantbanker, was prepared to live with the Ordinances, and had many friends among the popolo.

During that time, the Peruzzi managed to acquire influence as well as increased wealth without exciting the enmity of other families. They were not damaged by the constitutional crisis of 1292 and the consequent Ordinances of Justice, which placed severe restrictions upon some 150 families designated magnati. By escaping this designation they almost certainly benefited, because the Ordinances rendered ineligible for important public office a large number of competing candidates. Many of the magnati families affected took part in an uprising in 1295 and succeeded in coercing the priors to make changes in the Ordinances in their favor.

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