The Rise and Fall of the Medici Bank
Tides of History
Audible / Patrick Wyman
4.7 • 6.5K Ratings
🗓️ 9 May 2019
⏱️ 57 minutes
🧾️ Download transcript
Summary
The Medici name still carries echoes of power and labyrinthine politics. But the Medici got their start as bankers, and built a financial empire that spanned fifteenth-century Europe. Popes, kings, and merchants all did business with the Medici, and the family's power over Florence grew out of its fiscal wizardry - at least until it all fell apart.
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Transcript
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| 0:16.2 | Dozens of voices echoed off the buildings crowded around the narrow streets of Florence. |
| 0:23.0 | Vendors hocked goods from market stalls, calling out prices and the unimpeachable quality of their wares. |
| 0:30.0 | Sombra men quietly shared information about the latest conflict between the big banking firms. |
| 0:35.8 | Franciscan and Dominican creatures shouted about the inevitable hellfire awaiting the people of Florence |
| 0:42.0 | unless they changed their sinful ways. |
| 0:44.8 | A fight broke out between a pair of cloth workers over a debt, raised voices leading to punches, |
| 0:50.1 | and then a crash as one went headfirst through a market stall. |
| 0:54.4 | One man pushed his way through the commotion. |
| 0:56.9 | He examined a piece of fruit and put it back in the stall. |
| 0:59.8 | He pricked up his ears at the discussion of banking conflicts, and he ignored the hellfire preachers. |
| 1:05.7 | He walked through the cramped lanes of Florence like he owned them. |
| 1:09.4 | In a sense, he did. |
| 1:10.9 | And he broke through the hustle and bustle and turned under the cobbles of a side street. |
| 1:15.7 | He opened an unassuming door and walked into a crowded office where six clerks sat behind wooden |
| 1:20.7 | desks. |
| 1:22.1 | The room was filled with the sounds of work. |
| 1:25.1 | Advocates clacking incessant, hens scratching, papers shuffling, the thud of closing account books. |
| 1:32.0 | The clerks barely bothered to look up as their boss arrived. |
| 1:35.7 | Anything less than total attention on the task at hand would have been unacceptable. |
| 1:41.4 | Cosimo de Medici hadn't become the de facto ruler of Florence and head of the richest |
... |
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