By Daniela Felisini
This booklet presents a bright biography of a towering Italian banker, pioneer and entrepreneur. It weaves the entrepreneurial ventures of Alessandro Torlonia (1800-1886) during the narratives of commercial and politics within the 19th century, the expansion of eu monetary markets and the decline of Papal strength throughout the Italian Risorgimento. The dialogue is based in rigorous historic study utilizing unique resources akin to the Archivum Secretum Vaticanum papers and different professional files; the data of the Torlonia relatives, and of the Rothschild financial institution in Paris; memoirs; correspondences, and newspapers. via this e-book readers examine that Alessandro Torlonia was once a guy of many faces, who used to be some of the most complicated and influential characters of Italian financial lifestyles within the 19th century. Felisini additionally presents knowledgeable critique of the monetary heritage of the papacy: a space of heightened curiosity given the notoriety of family members among the Holy See and its bankers within the 20th and twenty-first centuries. Focal themes akin to the historical past of ecu elites and the background of eu monetary markets can have an interdisciplinary charm for students and researchers.
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This e-book presents a vibrant biography of a towering Italian banker, pioneer and entrepreneur. It weaves the entrepreneurial ventures of Alessandro Torlonia (1800-1886) during the narratives of industrial and politics within the 19th century, the expansion of ecu monetary markets and the decline of Papal strength throughout the Italian Risorgimento.
Extra resources for Alessandro Torlonia: The Pope’s Banker
Taxation imposed by the French with the armistice of Bologna (23 June 1796) and then with the Treaty of Tolentino (19 February 1797) brought papal finances close to collapse, within a broader context in which depreciation of the means of payment and inflation were intensifying social hardship and political unrest. 22 A series of special taxes and forced loans were then applied, and the properties of Church charities were sold, to be paid for with the cedole that were intended, at least in part, to be absorbed.
239 Source: ACS, Archivio Torlonia, b. 265 ithout satisfying the consumers. 38 Strengthened by this role, Torlonia was able to take advantage of the business opportunities that opened up during the two-year period of the Republic. These ranged from the sale of national assets to contracts for the supply of food to the troops, and contributed to an impressive increase in the Bank’s profits. 1). 39 38 39 ACS, Archivio Torlonia, b. 266, fasc. 4. Accounts of the Bank in ACS, Archivio Torlonia, b.
His most well-known purchase was perhaps a part One of Odescalchi’s forebears, at the end of the seventeenth century, had in his turn acquired the duchy in the course of a forced sale imposed on Flavio Orsini in order to clear his debts. In 1842 another Livio Odescalchi was to redeem it from the Torlonia family, as the contract included a clause relating to ius redimendi, the right of the Odescalchi heirs to buy back the property they had transferred, forty years later. 67 ACS, Archivio Torlonia fasc.