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Brief, basic information laid out in an easy-to-read format. May use informal language. (Includes most news articles)
Provides additional background information and further reading. Introduces some subject-specific language.
Lengthy, detailed information. Frequently uses technical/subject-specific language. (Includes most analytical articles)
Students understand the significant challenges and developments faced by the society that caused progress or decline, including the Reformation, Renaissance and Age of Exploration.
- What key beliefs and values emerged and how did they influence societies?
- Which significant people, groups and ideas from this period have influenced the world today?
Renaissance Italy and the Reformation | Economy: Introduction
Commerce [in the Renaissance], (Romanek, 2010, pp. 26-27)
From about 1450, governments forgednew trade routes between countries. More trade routes meant increased trading, which resulted in greater wealth for everyone. Those factors as well as changing attitudes caused an enormous increase in industry and business. (Romanek, 2010, pp. 26-27)
Trade and banking (Elliott, 2009, pp. 16-17)
"During the Renaissance, making and trading goods became two important ways to earn money. Banking arose from trade and from merchants’ need to store,borrow, and send money to run their businesses. As trade grew, banking became more complex."
Renaissance Italy and the Reformation | Economy: The Medici
The Medici family were Italian merchants and bankers who ruled Florence and, later Tuscany from 1434 to 1737.
To explore more about how the Medici family used the wealth from their banking and business activities to gain power in Florence and Tuscany as well throughout Italy and Europe see the Medici Family resources under the Power & Politics tab.
Medici Money : Banking, Metaphysics and Art in Fifteenth-century Florence by
Publication Date: 2013
The Medici are famous as the rulers of Florence at the high point of the Renaissance. Their power derived from the family bank, and this book tells the fascinating, frequently bloody story of the family and the dramatic development and collapse of their bank (from Cosimo who took it over in 1419 to his grandson Lorenzo the Magnificent who presided over its precipitous decline). The Medici faced two apparently insuperable problems: how did a banker deal with the fact that the Church regarded interest as a sin and had made it illegal? How in a small republic like Florence could he avoid having his wealth taken away by taxation? But the bank became indispensable to the Church. And the family completely subverted Florence's claims to being democratic. They ran the city. Medici Money explores a crucial moment in the passage from the Middle Ages to the Modern world, a moment when our own attitudes to money and morals were being formed. To read this book is to understand how much the Renaissance has to tell us about our own world.
Renaissance Italy and the Reformation | Economy: Banca Monte dei Paschi di Siena
Did you know that one of the oldest bank in the world (Banca Monte dei Paschi di Siena) was founded in the Italian Republic of Siena during the early Renaissance?
Banca Monte dei Paschi di Siena short history
"Monte dei Paschi di Siena, the oldest bank in the world, originated in 1472 as a Monte Pio (pawn agency) at the behest of the Magistracies of the Republic of Siena and was expressly instituted to give aid to the more underprivileged classes of the population during a time of particular hardship for the local economy." (Banca Monte dei Paschi di Siena, n.d.)