By Daniela Felisini
This e-book presents a brilliant biography of a towering Italian banker, pioneer and entrepreneur. It weaves the entrepreneurial ventures of Alessandro Torlonia (1800-1886) in the course of the narratives of commercial and politics within the 19th century, the expansion of eu monetary markets and the decline of Papal strength through the Italian Risorgimento. The dialogue is based in rigorous ancient examine utilizing unique assets corresponding to the Archivum Secretum Vaticanum papers and different authentic records; the information of the Torlonia relatives, and of the Rothschild financial institution in Paris; memoirs; correspondences, and newspapers. via this publication readers research that Alessandro Torlonia used to be a guy of many faces, who used to be probably the most complicated and influential characters of Italian financial existence within the 19th century. Felisini additionally presents knowledgeable critique of the monetary background 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 subject matters equivalent to the historical past of ecu elites and the historical past of ecu monetary markets could have an interdisciplinary attraction for students and researchers.
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Extra resources for Alessandro Torlonia: The Pope’s Banker
87 Torlonia maintained a similar position in relation to another project, but a much more solid one, presented in 1825 by Count Pietro and Count Giovanni Giraud, for a Cassa di Sconto (discounting bank) that would be controlled by private shareholders. This had the support of the president of the Congregazione Economica Nicola Maria Nicolai, an economist with liberalizing tendencies. The Vatican’s Secret Archive retains a document in which the main matters for consideration were Letter from the Treasurer General to the Secretary of State, 23 September 1817, in Archivum Secretum Vaticanum (henceforth ASV), Segreteria di Stato.
32 He deployed this and made it work for him: in the account quoted above, we see him going from one office to another, welcomed and listened to, confirming the esteem in which the Court Banker, now “Citizen banker”, continued to be held. 34 The city had for centuries been accustomed to a rationing system35; the management of food supplies represented a basic test for the Republic, which enjoyed only a slim margin of political support. In an ambitious attempt to liberalize the markets, the government had initially counted on a system of supply contracts and sub-contracts; these had proved to be vulnerable to corruption and distortion and had not resolved the problem of appeasing the population’s hunger, to which the poor harvest of the summer of 1798 had contributed.
The French Revolution came, the Pope was deposed, the Roman states became a part of France. Some of the nobles emigrated, others were driven away, those who remained were ruined by exactions and by the law of equal partition; and when the Pope was restored in 1814, the aristocratic element, which had served as a medium uniting the Roman people and the priest who was to govern them, was wanting. The system of centralisation which the French had introduced was retained, except that ecclesiastics were substituted for the secular préfets and mayors of the French.
Alessandro Torlonia: The Pope’s Banker by Daniela Felisini