The Medici Bank – Its Organization, Management, Operations, and Decline

THE organization of a commercial firm or a corporation is usually determined by the nature of its business. We must, therefore, know the meaning of the word “bank” which appears in the title of this study. Today this word has a variety of meanings. There are all sorts of banks: central banks, commercial banks, member banks, and so forth. In the fifteenth century, there were not so many kinds of credit institutions. But still the word “bank” had more than one meaning. What kind of bank was the Medici bank? …

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