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Research Articles

A ‘Magnificent’ military entrepreneur? The involvement of the Medici Bank in the arms trade (1482-1494)

Pages 709-738 | Published online: 06 Jul 2021
 

Abstract

Sifting through business accounts and public records, this article demonstrates the involvement of Medici Bank in the military industry of the fifteenth century, shedding new light on the final years of one of the most important companies in Renaissance Italy. By restating the relation between the public role and the private business of Lorenzo the Magnificent, this article emphasises the exploitation of government operations for his economic gain as well as the use of the family business for his political purposes – in this case, the consolidation of the new, permanent military institutions of the Florentine Republic. Developing this point further, the entire military organisation of the Medicean regime, traditionally assessed as haphazard and inefficient, is re-evaluated. Finally, this article contributes to the current debate on the military entrepreneurship of the preindustrial world, focussing on the cooperation between state administration and capitalist elites in supplying the materiel indispensable to early modern armies.

Disclosure statement

No potential conflict of interest was reported by the author.

Notes

1 De Roover, Citation1963, pp. 1–8, 358–375.

2 Feniello, Citation2014, pp. 435–439.

3 Bullard, Citation1994a, pp. 236–237.

4 Rubinstein, Citation1997, pp. 199–263.

5 Brown, Citation1994, pp. 66–80.

6 Goldthwaite, Citation1987, pp. 25–29.

7 Caferro, Citation2008b, pp. pp. 219–220.

8 Ansani, Citation2018, pp. 421–424.

9 Torres Sanchez et al., Citation2018, pp. 1–14.

10 Scranton & Fridenson, Citation2013, pp. 83–86.

11 Hale, Citation1985, p. 225.

12 Ansani, Citation2021a, pp. 22–25.

13 Ansani, Citation2019b, pp. 212–220.

14 Hale, Citation1983, p. 393; DeVries Citation1998, p. 129.

15 Ansani, Citation2017c, pp. 160–168.

16 Ansani, Citation2019d, pp. 152–153.

17 Ansani, Citation2016, pp. 12–14.

18 Torres Sanchez et al., Citation2018, p. 3.

19 Franceschi, Molà, Citation2012.

20 Millward, Citation2007, p. 543, 549.

21 Ingulstad et al., Citation2015, pp. 11–12.

22 Brandon et al., Citation2021, p. 3.

23 Kipping, Citation2003, p. 389.

24 Spufford, Citation1999, pp. 483–500.

25 Dubet & Félix, Citation2018, pp. 2–3.

26 Torres Sanchez et al. Citation2018, pp. 7–8.

27 Gunn et al., Citation2008, p. 377.

28 Dubet & Félix, Citation2018, p. 3.

29 Parrot, Citation2012, pp. 2–3, 18–19.

30 Gamberini & Lazzarini, Citation2012, pp. 2–4.

31 Ansani, Citation2021b, pp. 45–100.

32 Gunn et al., Citation2008, p. 375.

33 Edgerton, Citation2011, p. 2.

34 Caferro, Citation2008b, pp. 245–251.

35 Fynn-Paul, Citation2014.

36 Gelderbloom & Trivellato, Citation2019, p. 226.

37 Goldthwaite, Citation2009, pp. 120–125.

38 Parrot, Citation2012, p. 8.

39 Martines, Citation2003, pp. 7–196.

40 Brucker, Citation1994, p. 11.

41 Rubinstein, Citation1992, p. 64.

42 Kent, Citation1994, pp. 44–45; Brown, Citation2002, pp. 113–130; Fubini, Citation2015, p. 75.

43 Rubinstein, Citation1997, pp. 226–232.

44 Brown, Citation1992, pp. 106–108.

45 Rubinstein, Citation1997, p. 253.

46 Archivio di Stato di Firenze [hereafter ASF], Dieci, Missive, 10, 39rv, 43r. During the two-year campaign, the Ten of War had been compelled to supply more than three hundred posts, all listed in ASF, Dieci, Debitori, 22, 30r-187r.

47 ASF, Dieci, Missive, 5, 182rv; ASF, Dieci, Missive, 11, 21v.

48 Mallett, Citation1992, pp. 254–255.

49 Ansani, Citation2018, p. 411.

50 Rubinstein, Citation1992, p. 62.

51 ASF, Provvisioni, Registri, 179, 55rv. Intended to ‘conquer or resist the enemies at a distance’, the policy was even praised by an outspoken critic of military affairs, that is, Machiavelli, Citation1532, 213v.

52 Lamberini, Citation1994, pp. 410–418.

53 ASF, Dieci, Missive, 60, 91r.

54 Epstein, Citation1996, pp. 883–886; Goldthwaite, Citation2009, pp. 521–545.

55 Ansani, Citation2017a, pp. 98–103.

56 Mallett, Citation1974, pp. 159–164; Hale, Citation1983, p. 391; DeVries, Citation1997, pp. 466–469.

57 ASF, Dieci, Responsive, 37, 261v.

58 ASF, Dieci, Missive, 20, 157r.

59 Significant trade figures are reported in ASF, Otto, Munizioni, 1, 1v-75r.

60 Caferro, Citation2008a, pp. 167–209; Trivellato, Citation2020, pp. 229–251.

61 Brown, Citation1992, pp. 129–130.

62 Goldthwaite, Citation2009, pp. 400–402.

63 Gelli, Citation1903, pp. 31–69; Mainoni, Citation1983, pp. 578–583.

64 Borracelli, Citation1996, pp. 1218–1219.

65 Ansani, Citation2016, p. 16.

66 ASF, Otto, Missive, 5, 118v, 120r.

67 ASF, Otto, Missive, 6, 9v; ASF, Dieci, Munizioni, 5, 238r.

68 ASF, Otto, Missive, 5, 103r.

69 ASF, Otto, Missive, 6, 4r.

70 Ansani, Citation2016, pp. 17–18; Ansani, Citation2019b, pp. 215–216.

71 De Roover, Citation1963, p. 142.

72 ASF, Dieci, Debitori, 24, 133r.

73 ASF, Mediceo avanti il principato [hereafter MAP], 37, 502.

74 Biblioteca Nazionale Centrale di Firenze [hereafter BNCF], Ginori Conti, Ms. 2, 85r, 228r.

75 ASF, Dieci, Missive, 23, 10r, 11r.

76 ASF, MAP, 165, 61rv, analyzed in Scalini, Citation1979, pp. 13–29.

77 Ventrone, Citation1990, pp. 35–53.

78 ASF, MAP, 165, 62rv.

79 Fiumi, Citation1977, p. 165.

80 Pampaloni, Citation1976, pp. 47–56.

81 ASF, Carte Riccardi, 816, i. 98. The document has been published by Ansani, Citation2017a, 105.

82 ASF, Dieci, Munizioni, 5, 59r.

83 Borracelli, Citation1996, pp. 1219–1220.

84 Baraldi, Citation2004, pp. 159–160.

85 Baraldi & Calegari, Citation2001, pp. 93–119.

86 ASF, Carte Riccardi, 816, i. 98.

87 Mallett, Citation1968, pp. 433–435; Brown, Citation2020, pp. 138–140.

88 De Roover, Citation1963, pp. 164–166; Goldthwaite, Citation2009, pp. 522–523.

89 ASF, Dieci, Deliberazioni, 25, 179r–181r; ASF, Dieci, Deliberazioni, 27, 118v–121r.

90 Ginori Conti, Citation1939, pp. 25–39, 84–88.

91 Brown, Citation2020, p. 140.

92 Mallett, Citation1968, p. 440; Pinto, Citation2014, pp. 9–10.

93 Ansani, Citation2017a, pp. 106–108.

94 ASF, Otto, Deliberazioni, 5, 96v–97r.

95 ASF, Dieci, Responsive, 30, 46r.

96 Ansani, Citation2017a, p. 108.

97 Boninger, Citation1998, pp. 33–38.

98 ASF, Dieci, Deliberazioni, 25, 156v.

99 Petralia, Citation1996, pp. 977–980.

100 Brown, Citation1992, pp. 111–119.

101 Mallett, Citation1968, pp. 421–422.

102 Belfanti, Citation1999, pp. 404–420.

103 Franceschi, Citation2015, pp. 150–151.

104 Ansani, Citation2017c, pp. 160–168; Molà, Citation2007, pp. 134–137.

105 Belfanti Citation2004, pp. 569–580; Hilaire-Perez & Verna, Citation2006, pp. 547–562.

106 Thomas & Gamber, Citation1958, p. 710.

107 Ansani, Citation2021a, pp. 3–6; Roberts, Citation2018, pp. 219–224.

108 Belfanti, Citation2004, pp. 581–583; Hilaire-Perez & Verna, Citation2006, pp. 544–545.

109 ASF, MAP, 73, 143; BNCF, Ginori Conti, Ms. 2, 228r; BNCF, Ginori Conti, Ms. 5, 346v–347r.

110 Panciera, Citation2005, pp. 163–167.

111 ASF, MAP, 34, 517.

112 ASF, Dieci, Entrata, 8, 129v.

113 Nelson, Citation2018, pp. 17–23.

114 Ansani, Citation2017c, pp. 172–175.

115 Ridella, Citation2013, 14–16; Ansani Citation2019a, 350–358.

116 Ansani, Citation2017b, pp. 760–774.

117 ASF, Dieci, Entrata, 8, 161v.

118 Ciasca, Citation1927, pp. 438–440.

119 ASF, Dieci, Deliberazioni, 27, 231v; ASF, Dieci, Deliberazioni, 30, 243rv.

120 de’ Medici, Citation2004, p. 97.

121 Brown, Citation2002, pp. 134–137.

122 Guicciardini, Citation1970, pp. 103.

123 ASF, Dieci, Deliberazioni, 21, 140v–141r.

124 Ansani, Citation2018, pp. 421–424.

125 ASF, Otto, Munizioni, 1, 32r. By the end of the regime, the magistrates owed the firm more than one thousand and five hundred florins, as reported in Archivio Bartolini Salimbeni [hereafter ABS], 225, 6r. The author is greatly indebted to Professor Lorenzo Bartolini Salimbeni for allowing the research into his family archive, and wishes to thank him for his extraordinary hospitality and exquisite kindness.

126 ASF, Otto, Munizioni, 1, 43r. A note in the register proves that the metal was imported by Baldo di Giovanni ‘in the name of Bartolomeo Bartolini’. Other evidence of the collaboration between the middleman and the businessman are in ABS, 227, 9v–10r, 102v–103r.

127 Ansani, Citation2017b, p. 758.

128 Biringuccio, Citation1558, 149v, 153v.

129 Cressy, Citation2013, p. 2.

130 Hall, Citation1997, pp. 87–95.

131 Panciera, Citation2005, p. 89.

132 Ansani, Citation2021a, pp. 4–5.

133 Muto, Citation2014, pp. 149–158.

134 Ansani, Citation2021a, pp. 6–22.

135 ASF, Dieci, Missive, 9, 34v, 44r, 61r, 83v, 95r; ASF, Otto, Legazioni, 2, 11rv, 12v, 13v–15r, 16v, 18r.

136 Ansani, Citation2021a, pp. 14–18.

137 Lazzarini, Citation2014, pp. 172–173.

138 ASF, MAP, 62, 112r.

139 ASF, MAP, 39, 575. The weapons had been requested by the duke of Calabria during the initial stages of the Barons’ War. See ASF, Dieci, Responsive, 36, 362r.

140 Goldthwaite, Citation1987, p. 29.

141 de’ Medici, Citation1981, p. 199.

142 Scarton, Citation2007, p. 227.

143 Butters, Citation1994, pp. 143–151.

144 De Roover, Citation1963, pp. 257–261; Feniello, Citation2014, p. 505.

145 Cassandro, Citation1974, p. 39.

146 Feniello, Citation2014, pp. 439–484.

147 Cassandro, Citation1987, p. 104.

148 ASF, MAP, 62, 102r.

149 ASF, MAP, 38, 350.

150 Cassandro, Citation1974, pp. 20–26.

151 BNCF, Tordi, Ms. 8, 210v–211r.

152 Feniello, Citation2014, pp. 448–449.

153 BNCF, Tordi, Ms. 8, 173v–174r, 411v–412r. The purchase price ranged from five to nine ducats for every eighty-nine kilograms of substance.

154 BNCF, Tordi, Ms. 9, 387r.

155 De Roover, Citation1963, p. 260.

156 ASF, MAP, 135, 108v, 132v, 133r.

157 BNCF, Ginori Conti, 2, 124v.

158 Russell Sale, Citation1980, p. 765.

159 ASF, MAP, 45, 131.

160 ASF, Otto, Missive, 7, 80rv, 149r, 170v, 212v, 213r.

161 del Treppo, Citation1972, p. 181.

162 ASF, MAP, 135, 2, 95v; BNCF, Ginori Conti, Ms. 5, 158v–159r, 311v–312.

163 ASF, MAP, 62, 90r.

164 ASF, Dieci, Missive, 10, 34v, 58v.

165 ASF, MAP, 73, 143.

166 BNCF, Ginori Conti, Ms. 2, 223r, 368v, 376r; BNCF, Ginori Conti, Ms. 5, 327v.

167 Goldthwaite, Citation1987, p. 29.

168 Bullard, Citation1994b, pp. 125–127.

169 Ait, Citation2014, p. 199.

170 ASF, MAP, 52, 47; ASF, MAP, 52, 31, 33r.

171 ASF, MAP, 52, 54; ASF, MAP, 52, 56, 59r

172 ASF, MAP, 52, 42, 44rv.

173 ASF, MAP, 52, 55, 58rv; ASF, MAP, 52, 57.

174 ASF, MAP, 52, 42, 44r.

175 ASF, MAP, 52, 66.

176 Sapori, Citation1973, pp. 195–196.

177 de Crouy-Chanel, Citation2014, p. 26.

178 ASF, MAP, 135, 2, 133v, 157r.

179 ASF, Dieci, Responsive, 36, 50v; ASF, Dieci, Responsive, 37, 82r, 125r.

180 ASF, Dieci, Missive, 29, 24v, 34v.

181 ASF, Dieci, Missive, 20, 171r; ASF, Dieci, Missive, 21, 225rv.

182 ASF, Signori, Missive seconda cancelleria, 21, 136v.

183 ASF, Dieci, Entrata, 8, 126r.

184 ASF, Otto, Ricordanze, 1, 20v.

185 ASF, Dieci, Deliberazioni, 28, 282v.

186 ASF, Dieci, Debitori, 24, 132v. All these contracts were not explicitly reported in the registers of resolutions produced by the magistrates, as if they were not discussed publicly during the ordinary sessions of the offices.

187 ASF, Otto, Munizioni, 1, 1v–59v.

188 ASF, MAP, 52, 47.

189 Biringuccio, Citation1558, 27v.

190 Fiumi, Citation1943, pp. 100–109.

191 Troncarelli, Citation1974, pp. 99–101.

192 Fiumi, Citation1977, pp. 151–167; Franceschi, Citation2005, 145–153.

193 ASF, Carte Riccardi, 816, i. 118.

194 Fiumi, Citation1943, pp. 150–155.

195 ASF, MAP, 135, 2, 71v, 106v.

196 BNCF, Ginori Conti, Ms. 2, 111r. Is it possible that another secret subsidiary concealed beneath the terms of this agreement? The question remains unanswered since the relative entry in the ledger has unfortunately been lost.

197 BNCF, Ginori Conti, Ms. 2, 221r.

198 BNCF, Ginori Conti, Ms. 5, 54v, 155v, 183v.

199 Mallett, Citation1967, pp. 82–103.

200 ASF, MAP, 135, 2, 109v.

201 Ibid., 172r.

202 BNCF, Ginori Conti, Ms. 2, 111r.

203 Ibid., 152v, 304r.

204 Ansani, Citation2019c, p. 242.

205 ASF, Dieci, Entrata, 10, 24r.

206 ASF, Dieci, Munizioni, 7, 156v, 181rv, 423r.

207 ASF, Dieci, Missive, 60, 134r.

208 ASF, Dieci, Missive, 20, 118rv.

209 ASF, Ufficiali delle castella, 29, 7r.

210 Ibid., 28r.

211 ASF, Dieci, Debitori, 22, 16v; ASF, Dieci, Debitori, 24, 127v.

212 De Roover, Citation1963, p. 142.

213 Torres Sanchez et al., Citation2018, pp. 10–11.

214 Panciera, Citation2005, pp. 213–216.

215 Ait, Citation2014, pp. 1–59.

216 Ansani, Citation2021a, pp. 22–24.

217 Cessi, Citation1927, pp. 13–62.

218 Muto, Citation2014, pp. 149–158.

219 Ansani, Citation2021a, pp. 10–14.

220 Thomas & Gamber, Citation1958, p. 716.

221 Leidy, Citation2007, pp. 171–190.

222 Rubinstein, Citation1997, pp. 199–263.

223 Torres Sanchez, Citation2016, pp. 3–29.

224 Bullard, Citation1994a, pp. 236–237.

225 De Roover, Citation1949, pp. 175–178; Sapori, Citation1973, pp. 169–171.

226 Goldthwaite, Citation1987, p. 28.

227 Ansani, Citation2021a, pp. 14–15.

228 Butters, Citation1994, pp. 150–151; Jacoviello, Citation1986, pp. 184–196.

229 Goldthwaite, Citation1987, p. 29.

230 Brown, Citation1992, pp. 130–131.

231 Brown, Citation1994, pp. 61–85.

232 Mallett, Citation1974, p. 120.

233 Caferro, Citation1995, pp. 717–753; del Treppo, Citation1986, pp. 267–285; Piseri, Citation2016, pp. 81–169.

234 Brown, Citation1992, p. 106.

235 Brown, Citation2015, p. 115.

236 ASF, Otto, Missive, 7, 192r.

237 Ansani, Citation2018, pp. 420–421.

238 Shaw, Citation1992, pp. 257–279.

239 Caferro, Citation2008b, pp. 229–37; Ansani, Citation2018, pp. 415–416.

240 Lamberini, Citation1994, pp. 422–425.

241 Brucker, Citation1994, p. 14.

242 Hale, Citation1985, pp. 232–252.

243 Ansani, Citation2021a, pp. 17–18.

244 Caferro, Citation2014, pp. 30–31.

245 Spufford, Citation1999, p. 500.

246 Goldthwaite, Citation1987, p. 25.

247 Rinuccini, Citation1840, pp. 147–149.

248 Goldthwaite, Citation1987, p. 25.

249 Molho, Citation1996, pp. 852–854.

250 Brown, Citation1992, pp. 125–131.

251 Brown, Citation2002, pp. 136–137.

252 An exception, however, seems to be reported in ABS, 224, 9r. In March 1486, in fact, a gunpowder maker assigned a large part of his salary – nine hundred and fifty florins, all paid by the Ten of War – to a subsidiary of the Medici Bank.

253 Torres Sanchez, Citation2016, p. 13.

254 ASF, Dieci, Deliberazioni, 30, 241v, 266r.

255 Compare the sales reported in ASF, Deliberazioni, 28, 282v, with the purchases mentioned in ASF, Otto, Munizioni, 1, 15v.

256 Torres Sanchez, Citation2016, 25, 29.

257 Brown, Citation1992, p. 106; De Roover, Citation1949, p. 175.

258 Fubini, Citation2015, p. 75.

Additional information

Notes on contributors

Fabrizio Antonio Ansani

Fabrizio Antonio Ansani is a research fellow at the Department of Historical Sciences of the University of Padova. He is interested in all the aspects of fifteenth-century warfare, including the establishment of military institutions, the development in weapons production, and the improvement in contemporary logistics. Above all, his studies analyse the impact of conflicts on the politics, the economy, and the society of the Florentine Republic, challenging the grand narrative of the martial decadence of one of the most important Italian Renaissance states.

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