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The Economy of Florence during the Medici Government

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  • IonuÈ› Alexandru PleÈ™cău

    (University of Bucharest)

Abstract

The aim of this paper is to present some aspects of the florentin economy, in the 15th century. Prior to the arrival of Cosimo in Florence, the inhabitants' life was monotonous, marked largely by several religious holidays, small merchants, traveler dialects and agriculture farming. The plague epidemic in 1348 has led to a considerable economic crash period and to a decline of italian population. The old political elites and the new rich class have produced a social disorder among ordinary people. But the quattrocento will bring an unexpected economic and cultural expansion through the presence of Cosimo „il Vecchio†. The modern capitalism has his roots in this period given the importance of Medicean Bank (1397 – 1494).

Suggested Citation

  • IonuÈ› Alexandru PleÈ™cău, 2019. "The Economy of Florence during the Medici Government," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 276-279, August.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:276-279
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    References listed on IDEAS

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    1. Booth, G. Geoffrey & Gurun, Umit G., 2008. "Volatility clustering and the bid-ask spread: Exchange rate behavior in early Renaissance Florence," Journal of Empirical Finance, Elsevier, vol. 15(1), pages 131-144, January.
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    More about this item

    Keywords

    Renaissance; Florence; trade; Cosimo de Medici; Byzantium;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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