BANKING FAMILIES

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A couple days ago, I discovered something interesting about 15th Century Italy. The various cities of Italy from Florence to Rome were governed by a special class of noble families. These noble families ran the wealthiest banks in all of Europe and the wealthiest and most powerful of these families was the House of Medici. The Medicis started out as a family of humble bankers, but with each generation their wealth grew along with their power. After spending several generations as bankers, the Medicis swiftly rose through the medieval pecking order and became the undisputed rulers of Florence as Dukes of Florence. Their influence was so great that a few of their family members became Popes and Queens of France. At the zenith of their power, the Medicis ran the mightiest bank in all of Europe. With their wealth, the Medicis possessed the resources to influence events throughout Europe. However, the more their wealth and power grew, the more enemies they made, which included the Borgias of Rome. The Medicis are a prime example of how wealth can give you all the power and influence in the world if it is used and managed wisely.

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