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Merchant Writers

 

of the

 

Italian Renaissance

 

edited by

 

Vittore Branca

 

translated from the Italian

 

by

 

Murtha Baca

 

MARSILIO

PUBLI SHERS

NEW YORK

 


Introduction

 

In the Decameron, Boccaccio recounted the epic of the Italian merchants of the thirteenth and fourteenth centuries in Europe, and even on the African and Asian shores of the Mediterranean.1

In the thriving civilization of the late Middle Ages in Italy, Florence was one of the main centers of the new power that was infringing on the power of the military and the power of the Church, and was a prime mover of the “economic revolution” (as Robert S. Lopez defined it) that characterized the age straddling the thirteenth and fourteenth centuries.2 Economic power con­ditioned both the political and military power of kings and lords and the religious power of popes and bishops. Merchants and bankers could “make and break” kings, as one of them, Nicola Acciaiuoli (who had done so with the King of Naples), said. They could start and stop wars at the drop of a bar (as Bardi and Peruzzi did with Prance and England); they could get popes elected, have prelates and lords excommunicated (as Acciaiuoli and Frescobaldi did). Merchants had become the “fifth element” of the universe, along with air, water, earth, and fire. They were the “pillars of Christianity” — that is, of civilization — as the famous historian of the time, Giovanni Villani, characterized them. Florence was the great center of banking and commerce in continental Europe and, through the Angevins in Naples, the Byzantine world as well; it dominated the new, the first true economic-commercial orga­nization, based on the invention of double-entry accounting, on the letter of exchange that made it possible to move millions be­yond any frontier, and on the stability and internationality of money (during the late Middle Ages, the Florentine florin played the same role that the dollar does today).

Boccaccio himself had gone back and forth between France and Italy, Greece and Asia Minor between about 1330 and 1340, when he was working for the powerful Bardi trading company of Angevin Naples. Tints he had been in a position to appreciate the “totally material” writing of annotations, diaries, and first-hand accounts by those busy men of action who worked for the bank­ing-commercial-industrial “companies.” Boccaccio made these often exceptional people the protagonists -- be they heroes or victims — of several tales in his masterwork, the Decameron. He captured the uninhibited, bold, adventurous character of these men who travelled throughout Europe and from one side of the Mediterranean to the other. He portrayed their commitment, their culture, and their pioneering spirit, indirectly giving his seal of approval to their writings, in which those talents and that adven­turous, exciting life were reflected.3

 

It was no accident that the earliest merchants to take up the pen were two men who worked in the circle of the Boccaccio family; in fact, one of them, Paolo da Certaldo, was from Boccaccio’s home town. And it is no coincidence that in the wake of certain pages by Boccaccio, the first-hand accounts of Italian merchants in later years took the form of a fascinating, original literature that characterized the most advanced civilization of the city-states of the late Middle Ages and High Renaissance, from Boccaccio to Machiavelli, Guicciardini, and Cellini all the way to the diarists of the sixteenth and seventeenth centuries. This was a genre of writing that flourished in hundreds of examples and different experiences, a genre that is now studied side by side with the Petrarchan genre of lyric poetry, the narrative genre estab­lished by Boccaccio, and the romantic—chivalric genre, as one of the most typical of Italian society and culture between the four­teenth and seventeenth centuries (and as the richest source of private diaries before the French diarists of the late Renaissance onward).

This was a genre that might proudly proclaim the fourteenth-century motto: “No enterprise, no matter how small, can begin or end without these three things: power, knowledge, and love.”[1] And the revival of interest in it seems in some way natural in our own times — an interest in writers not of words but of facts and concrete realities, in writings that are not literary, but rather col­loquial, personal accounts of the everyday realities and problems of ordinary men concerned with goods and money, home and family, private and public affairs; men with the urge to possess and dominate and the awareness of how fleeting it all is, man’s pride and his inadequacies, his aggressive materialism and his insuppressible need for God. The middle-class merchants of the late Middle Ages and early Renaissance felt and lived and took for granted these eternal reali­ties of man and existence—. not in an intellectual or literary way, but in the most ordinary way, in their own everyday activities. They recorded their memoirs in the direct, concrete tone of entre­preneurs who left room for emotions, imagination, and fantasy alongside accounts and calculations. They wrote about things and events and people involved in production; they were writers like Edison, Ford, Krupp, Gualino, Pirelli, Mattioli, and Rusca from the recent past, or Iacocca, Agnelli, Floriani, Travaglia, Renault, and Pompidou today. They were experiencing those realities at a time — like ours — when the ideals and powers and institutions (Church and Empire) that had ruled society for centuries were in a state of crisis, and the ones that would dominate society in the centuries to come (supra-national economic institutions, large nations and their national agendas) were coming into being. Most of these merchants were writing in the tempestuous atmosphere of the decline of the Florentine city-state and its guilds: the time between the brief, naive, populistic Ciompi rebellion in 1378 and the signory of the by then ruling Florentine family, the Medici, who had already been cunningly working behind the scenes in the person of Salvestro de’ Medici at the time of the Ciompi uprising. This was also the time of Florence’s most intense, dogged, aggressive campaign for supremacy not only in Tuscany, but in all of Italy.

Corresponding to the turbulently evolving political situation, on the economic level there was the first ascendancy of Florence during the thirteenth century (the florin was first coined in 1253) and the beginning of the fourteenth century, and then the eco­nomic depression during the mid-fourteenth century, with the dramatic failures of the houses of Bardi and Peruzzi and the devaluation of the florin, followed finally by the economic recovery of the late fourteenth century, which continued throughout the fif­teenth. This was an economic-mercantile revolution, or rather an evolution less turbulent than the political upheaval, but no less profound and decisive — and it had already been perspicaciously envisioned and foretold by Boccaccio in the mercantile epic of the Decameron.

A transformation of Florentine economic and social life took place starting at the time of the greatest European and Mediterra­nean expansion under the regime of the guilds and “companies” (there were about zoo guilds in Florence in the early fourteenth century), at the time of the most cautious albeit fortunate capi­talistic organization, after the depression mentioned above, under the oligarchic domination of the wealthy and according to the directives, no longer of the guilds, but of the banks and “holding companies, which had their ultimate example in the Medici. The pioneering spirit of the adventurous merchants who had set out to conquer the Occident arid the Orient, the discovery of new lands (Boccaccio himself recounted the discovery of the Canary Islands) out of a thirst for wealth and power but with a spirit of adventure and of human generosity as well, came to be supplanted by a systematic, cautious exploitation of those con­quests through the accumulation of wealth. The powerful, explo­sive, expansive age of the Wool Guild, the Exchange, and the “companies” — the age of the Mozzi, the Frescobaldi, the Bardi, the Peruzzi, and the Acciaiuoli dynasties —was succeeded by the age of the highly calculating, almost inordinate cautiousness of the Datini, Albizzi, Strozzi, Ricasoli, Capponi, Pitti, Niccolini, Alberti, and Medici families. These families were also concerned about controlling the political situation in order to profit from the monti (public funds), to be able to obtain reductions on taxes and forced loans, to establish international relationships of privi­lege, or even to set up monopolies via official missions and with the backing of popes and kings.

The audacious, mad dash for wealth, the building of capital via the most open, ruthless economic cycle (from usury to exploit­ative production to dumping), the conquest of the European and Mediterranean markets even at the cost of violence, gave way to a cautious, deliberate quest for solid property investments, farm­ing, or easy shortcuts to wealth (gambling, diplomatic posts as a source of "insider trading,” manipulation of currency values). The motto of these new merchants seems to have been the one we find in Morelli: “Don’t do too much; it’s better to play it safe.” Little by little, the various “companies” that had operated as far away as the distant lands of the Orient were replaced by banks that concentrated their operations on money — often public monies — in Florence, Italy, and Western Europe. In spite of a pathetic effort to create a “broad florin” in 1422, the Florentine florin, the true “dollar” of the late Middle Ages, was losing to the Venetian ducat its position as the prevailing currency of Europe and the Mediterranean.

The finest books of memoirs, the richest in humanity and narrative spirit from those of Velluti, Morcili, and Pitti to those of Bernardo Machiavelli, reflect this tempestuous political and social background, rhetorically dominated by the values and myths (justice, peace, civic unity) of the libertas of the Florentine city-state. But later these myths came to be disturbed by blind­ing flashes of light and sinister shadows, great nostalgia and anguished shudders, by intractable hatreds and ambitions run wild, by appalling greed and headstrong enthusiasm, leading up to Lorenzo de’ Medici’s humanistic myths of a Florentine primacy in Italy and Europe and the prophetic illusions and upheavals of Savonarola.5

These writings by merchants and traders had already begun to appear in Florence during the thirteenth century, in the mar-gins of ledgers and account books, where they recorded the acquisition of lands or the leasing of farmland to sharecroppers (as in the diaries of the Guicciardini family). These notations were also family histories and ricordanze (that is, “things to be remembered”).’ The awareness of tile natural convergence of economic prosperity, powers and the growing fortunes of the family was always the inspiration for these books, which were often written by several members of successive generations of a family: as with the Medici, from Foligno di Conte in 1360 to Lorenzo tile Magnificent in 1472. They were usually called ricordi or ricordanze or “book of.. .“ with the name of the writer or of the family.

Of course Florence also produced the kind of technical or geo­graphic-statistical documentation or pratiche that were prevalent in other commercial centers and especially in Venice (the greatest example of which is Marco Polo’s book); suffice it to recall the famous pratica of the mid-fourteenth century by Francesco Balducci Pegolotti.7 But these seemingly “marginal” annotations in account books and ledgers almost always had the character of histories of family life (births, marriages, deaths, above all in their economic implications such as wills and divisions of property, dowries, contracts of sale, construction of houses, etc.); or even insights of a psychological nature about people with whom the merchants had business dealings, or with whom they corre­sponded, reflections on family, social, or political situations or on moral and religious implications, always noted in a strictly familiar tone, only for the eyes of other family members. In the early fourteenth century, as we shall see, Domenico Lenzi inter­spersed the monotonous columns of prices of cattle fodder at the Orsanmichele market with apocalyptic notes about famine and plague, which affected the oscillation of prices. These distant roots in personal account books reappear in the more elaborate writ­ings of the fifteenth century, in the form of accounting abbre­viations and in certain syntagmas or stylistic features, and even in the writers’ habit of “making an accounting” of the most diverse operations or events.

While they were keeping track of their activities (loans, sales, purchases, letters of exchange, organization of craftsmen and work­ers), these “sons of Mercury” were also acquiring the habit of evaluating and characterizing times, things, and people. As Le Goff has shown, they replaced “the eternally renewed, perpetu­ally unpredictable time of the natural world with a new, measur­able time, focused and foreseeable.”8 And they established a literary tradition that traced its origins to the Roman paterfamilias but that also fused life and economic substance with life and family substance, like body and soul, like tile circulation of the blood and spiritual activity. For these mercatores, the family was also the basic, fundamental cell of civic and political life, as in Morelli, and as theorized by the greatest humanists of those years, from Bruni (“nor can anything be perfect where the family does not exist,” Life of Dante) to Ficino (“by leading your family you edu­cate yourselves, you become experts, honored in the earthly repub­lic and worthy of the heavenly,” Letter to Pelotto). Ragion di mercatura (merchant interests) and ragion di famiglia (family inter­ests) — the two dominant themes of the diaries of three centuries (albeit with notable variants, as we shall see) — clearly indicate this from the earliest examples of the genre.

The merchant writer was fully aware of the decisive value of his writings for both his economic activity and for the life of his family, which were inextricably linked. It was no coincidence that when a merchant wanted to have his portrait made, he usually had himself depicted in the act of writing, it was not by chance that Dino Compagni, in his survey of the various professions in the Libro del pregio (Book of Merit), characterized the pregio (merit) of the merchant as “fine writing.”

For financial and political reasons, these annotations and accounts, both mercantile and domestic, became even more neces­sary at the beginning of the fifteenth century. The merchant’s activity had always been closely interwoven with his domestic life. But the growing impact of the public sphere on the private (and vice versa) during the early fifteenth century heightened the need for

 

annota­tions that served both commercial and family interests. The estab­lishment of the Florentine catasto or tax assessment 9 in 1427, the creation of the Monte delle doti10  in 1425, and the increasing num­ber of prestanze11 due to continual wars, made it necessary to keep precise accounts of both financial and family matters. For that matter, at this same time the increasingly oligarchic structure of the Florentine government and the strengthening of the increas­ingly conservative Guelph party (1413) led men to reconstruct the stories of their families and to gather evidence and facts about their own past and present and those of their families.

For both economic activity and for family and public life, it was necessary to have all the elements and all the documents relat­ing to a family’s estate, past and present, clear and ready to hand. This was the only way to defend one’s estate from the often aggres­sive intervention of the state and whoever dominated it at the

moment. This also enabled men to aspire to become part of the oligarchy of the government, which was selected for primarily economic and commercial motives.

These conditions are reflected and even recommended in the insistent teaching, more practical than humanistic, that often led the diarists into long digressions, from the past of their par­ents to the future they hoped to build for their children and grandchildren.

Luca Pitti, who had been given his start on the commercial scene in 1423 by his father Bonaccorso, and who through luck, brains, and vigilance became the proverbial progenitor of the economic and political greatness of his family, decided in 1459 to lay the foun­dations of his splendid palazzo right in the area of Florence where his forefathers had lived — a palazzo that would perpetuate the Pitti name for centuries (Vasari wrote that “so much grandeur and magnificence have never been seen”). Luca went from playing a leading role in the oligarchy of the wealthy middle class under the Medici regime to having his praises sung by poets like Ugolino Verino and Benedetto Dei, to being considered one of the four most powerful citizens of Florence at the time of Cosimo de’ Medici’s death in 1464. He can be considered an emblematic figure in the sociopolitical situation reflected in the most characteristic writings of the merchants of tile fourteenth and fifteenth centuries.

In the writings of the Florentine merchants, the preponderant convergence of commercial interests and family interests, over which the more ruthless state interests began to cast a shadow during the mid-fifteenth century, is depicted in various situa­tions and in continual evolution, enlivened by the most diverse human temperaments. Underlying the most systematic and successful of these

 

writings are usually moral reflection and debate; attention to and preoccupation with spiritual and domestic mat­ters; and political and familial commitments and aspirations that also had a public, civic side to them. During the fifteenth cen­tury, family and political considerations came to be overshad­owed by the personality of the individual writer; thus sometimes these writings constituted, at least in part, a kind of autobiography (for example in Bonaccorso Pitti’s writings or in private diaries

 

I.        Esercizio di verifica. Indicate se queste affermazioni sono vere (V) o false (F).

1.      Firenze era uno dei centri principali per la rivoluzione economica del Duecento (1200-1300) e del Trecento (1300-1400).

2.      I mercanti italiani avevano poco potere nel 1300.

3.      Mentre i primi mercanti del Duecento erano esploratori avventurosi in cerca di nuovo capitale, i mercanti del Trecento e del Quatrrocento (1400-1500) come la famiglia Alberti erano più cauti e conservatori.

4.      I temi più importanti per gli scrittori erano la ragion di mercatura e la ragion di stato.

5.      I mercanti separavano la vita domestica, privata dalla vita commerciale, pubblica.

 



1 See Bibliographoc Note at end of this essay on my previously published studies of Boccaccio and the narrative tradition in Medieval and Renaissance Italy.

2.      In The Birth of Europe; see Bibliographic Note.

 

3 I wiIl not dwell on Boccaccio here, since my writings on the Decameron arc well known, also in the English translation of my book Boccaccio: The Man and His Works; sec pp. z76—3o7. “The Mercantile Epic,” where I examine the tales with merchant protagonists, also alluding to the works of the merchant writers.

 

4  See Sapori, Studi di storia economica, I, p. 533.

 

5 Girolamo Savonarola (1452—1498), the famous Dominican preacher and reformer whose zealotrs attempts to end corruption in Florence ended in his excommunication and execution as a heretic.

6.A word of Provençal origin first used in Italy in the late thirteenth century.

7.Francesco Balducci Pegolotti, La pratica della mercatura, edited by Allan Evans (Cambridge, MA, 1936).

8 Tempo della Chiesa e tempo del mercante (Turin, 1977), p. 13.

 

9 A sort of declaration of income with a list of the members of the house­hold and their status.

10 The Dowry Banke where money was deposited to create dowries for women of marriageable age. See note 7 to Bernardo Machiavelli’s diary.

11. Forced loans made to the state by private citizens depending upon the size o their estate.