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Medici Family Research Paper

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PROSPERITY, PEACE AND PROGRESSION: The Medici Family Story 1389-1464

THE MEDICI FAMILY

The Medici family is officially in power. It is 1434 and the House of Medici has been looked up to since the 13th century, but now the Medici family is influencing major change. Due to the family’s support in arts and humanities the Renaissance has taken place. During the renaissance civilians primary focus was the idea that everyone should be educated and participate in arts and science. This change in the way people thought was influenced by the Medici family. The Medici family flourished financially in the 1400’s and continued to gain power politically in the 14th century. Several members of the Medici family created success for the
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He was the first of the Medici political dynasty during the majority of the Renaissance. Giovanni was the founder of the Medici Bank which lead to the Medici supremacy. Unlike the rest of the medici family, Giovanni had to work extremely hard for money. He was born into a home with five siblings putting him in a position with no financial support. Vieri di Cambio de’ Medici taught Giovanni everything he needed to know about banking. Vieri owned his own bank chain from 1348 to 1392 in Europe. Once Vieri retired Giovanni created the Medici bank in 1397 in Florence and a branch in Rome. Due to the booming success of the first Medici bank, three more branches opened in Rome, Venice, and Florence. In 1402 Giovanni opened a wool factory. Six years later a new factory was opened for trading spices, olive oil, jewelry, and other goods. Soon after that there was a fourth Medici Bank branch open in Naples and Gaeta. Giovanni setup success for his family after marrying and having kids with business skyrocketing. Giovanni died at age 69. He had given the majority of control of the bank to his two sons, Cosimo and Lorenzo to carry on the family…show more content…
Piero was responsible for long-term loans with those who supported and bought from the many Medici banks. His father passed down all loans even after his death. This caused merchants to eventually go bankrupt. Piero continued the support of the arts during the Renaissance. Piero’s taste was much more eclectic than his father. Piero bought rare books and added them to the family collection. Although Piero wasn’t nearly as successful as his father he kept the businesses running well during his time. He died in 1469, due to gout and lung disease, and is buried in the Church of San Lorenzo, next to his brother
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