Showing posts with label Florence. Show all posts
Showing posts with label Florence. Show all posts

Monday, September 18, 2023

Boccaccio's Decameron

Giovanni Boccaccio's best known work to modern readers is his Decameron, a Greek word that means "Ten Days." In it, seven young men and three young women go into the hills above Florence to spend ten days in a villa to escape the Black Death, currently ravaging the cities and countryside.

One theory of the Black Death was that it resulted from bad air rising from swamps and cesspools, and going up into the fresh air outside the city was one way to escape it. Of course, whether the disease were being transmitted by fleas jumping from mammal to mammal or being spread by contact with those who were ill, getting away from crowded populations into fresh air would be an obvious smart choice.

The ten young people decide to pass the time by each telling a tale each day, resulting over the ten days in a collection of 100 tales. Each of the ten takes a turn being the king or the queen for a day, and gets to choose the day's theme. The themes include comedy, tragedy, romance, etc., but go beyond those simple topics.

One day is for stories of virtue, one is romances that end happily, while one is for romances that end in tragedy. There are tales of luck, tales about women who play tricks on men, and tales where the main character is in trouble but saves himself or herself by quick thinking at the climax.

The whole is not just a sequence of tales. Boccaccio gives us a description of other ways that the ten occupy their time, including songs that they sing to entertain each other. These songs, the daily activities, and the tales themselves with some of their recurring concepts of mocking the clergy, nouveau riche vs. old noble families, and the similarity between men and women's lust and ambition, paint a picture of 14th century Italian life in prose that is a useful introduction to the feelings of the time and place.

Boccaccio likely made up none of the tales, but that does not mean there is no original material. The medieval approach was to take a known tale and develop it in new ways. Most of the tales in the Decameron can be found in other forms in earlier sources...and later, since his tales were read and used by others, such as Geoffrey Chaucer in the Canterbury Tales.

Despite the name Decameron, Boccaccio also referred to the work by two other names, which are interesting anecdotes in their own way. I'll share those tomorrow.

Friday, September 15, 2023

Dante in Exile

Pope Boniface VIII had a grievance with Dante Alighieri. Dante at that time was a politician, having been in the very important position of prior of Florence (although for only two months). He was also of the new White Guelph faction that wanted Rome and the papacy to have less influence over the rest of Italy. (Guelphs were originally supportive of papal authority, but the recent Battle of Campaldino resulted in Florence having much more influence over a larger territory, and many Florentines felt they no longer needed the pope's support behind them.)

While Dante was in Rome, Black Guelphs took over Florence, replacing the government with their own people. In March 1302, Dante was accused of corruption and financial wrongdoing while prior. Moreover, although the pope had "kept" him in Rome, the Black Guelphs considered his absence from Florence for so long an admission of guilt and an attempt to flee justice. He was fined and exiled for two years.

He did not pay the fine: not only did he not have access to his assets back in Florence, but also he considered it spurious and he refused to honor it. He was therefore condemned to permanent exile, and threatened with being burned at the stake if he returned to Florence (unless he paid the fine). Dante participated in attempts by White Guelphs to re-take control of Florence, but they all failed. Ultimately, he abandoned ever returning and went to Verona for a time (illustrated above in 1879 by Antonio Cotti). He also spent time in Scarzana, and probably Lucca. Of his wife and family, only one son, Jacopo, accompanied him into exile.

As the guest of others, he had time to write. He wrote an open letter to Holy Roman Emperor Henry VII, urging him to restore the glory of the Roman Empire (and free Florence from the Black Guelphs). He also wrote De Monarchia, proposing a universal monarchy under Henry. Henry did defeat the Black Guelphs in Florence in 1312, but that did not mean Dante would return. There is a suggestion that the White Guelphs were not happy with Dante; urging a foreigner to attack their beloved Florence was inappropriate, to say the least, even if the result was desirable.

In 1315, the person controlling Florence offered general amnesty to exiles, but it required public penance and a fine; Dante objected to both options, earning himself a death sentence. He spent his remaining years in Ravenna, and died there of malaria on 14 September 1321. His grave contains a line by a fellow poet: parvi Florentia mater amoris ("Florence, mother of little love").

His bones remained a point of contention. Florence came to regret their treatment of the poet, and requested that he be interred there in a tomb they built for him, but Ravenna went so far as to hide his remains, and the tomb in Florence remains empty after seven centuries. In 1329, a Cardinal declared Dante's Monarchia heretical, and wanted to dig up his remains and burn them at the stake.

In 2008, Florence officially rescinded the death sentence.

Having come this far with Dante, I suppose it would seem remiss to ignore the work for which he is best known. Comedy for tomorrow it is, then.



Thursday, September 14, 2023

Guelphs & Ghibellines & Dante

The Guelphs and the Ghibellines were two Italian political factions in the Middle Ages, offering more and less support for the papacy, respectively. They even went to war over the topic, as depicted in this 1292 fresco.

Dante Alighieri was born into a Guelph family, and at the age of about 24 he fought in the Battle of Campaldino between Florence and her allies against Arezzo. The catalyst for the war is unknown: an account many years later from a Florentine claimed there were "outrages" committed by Arezzo. Retaliation by the Guelphs over these "outrages" caused Arezzo to gather a military force to oppose them.

There was a rumor that the bishop of the see of Arezzo was going to turn the commune over which he had authority (a place called Bibbiena Civitella) and connected villages to Florence for the price of 5000 gold florins annually. Arezzo forced this bishop onto a horse and led him to the battlefield from which, not surprisingly, he did not return.

The wealth of Florence enabled them to have a force that was superior in numbers (about 12,000, of which 10,000 were infantry), armor, and weaponry. The Ghibelline force was smaller but better trained, consisting of feudal lords and their military retinues, rather than paid volunteers as in Florence and her allies.

The Florentines were also hampered by their leader. The various communities from which the troops were drawn could not decide who should lead them, so they agreed on a mercenary, Aimeric IV, Viscount of Narbonne. He had distinguished himself as a fighter, but did not have much experience as a leader. He came to Italy in the service of Charles I of Anjou, but suffered from a serious impediment: he did not speak Tuscan Italian, making the relaying of his orders delayed as they had to be translated, as did the news for him from others of what was happening in different parts of the field.

Ultimately, the Guelphs won with superior numbers, and Florence was able to exert much more influence over more of the Italian peninsula on behalf of the papacy. Without a strong mutual enemy in Ghibellines anymore, however, the Guelphs fractured. The Black Guelphs continued their support for the power and authority of the popes, whereas the White Guelphs wanted more freedom from Rome.

The Battle of Campaldino was fought in June of 1289. Dante, a member of the White Guelphs, went on to hold some political offices, including prior of Florence. In 1301 he was part of a delegation to Rome to determine the intentions of Pope Boniface VIII toward the French ambassador Charles of Valois, the brother of King Philip IV. (Philip and Boniface had clashed over the topic of taxation.)

When the pope dismissed the rest of the delegation, he told Dante he had to stay. This did not turn out well, as I'll explain tomorrow.

Wednesday, September 13, 2023

Dante Alighieri

Dante Alighieri was an Italian poet and politician, born in Florence to a wealthy landowner. His mother died when he was less than ten years old, and his father died during his teens.

The date of his birth is not recorded, but hints in his writings suggest 1265. At the beginning of the Divine Comedy, the 1st part called Inferno, he says he was "midway on the journey of our life." If we assume the three-score years and ten of the Bible was considered typical, then he started when he was 35 years old. Since the Comedy (that's what he called it; Boccaccio tacked on the adjective later, and it stuck) was written in 1300, that would put his birth year at 1265. He also refers to himself as being born "revolved with the eternal twins," which suggests he was born under the astrological sign of Gemini. That puts his birthday between c.21 May and 20 June.

He was educated at religious schools, where he was introduced to much Italian poetry, and the writings of Cicero, Ovid, and Vergil.

When he was nine years old, he met Beatrice Portinari, the daughter of a banker, and fell in love at first sight. Despite whatever feelings he had for her, he was engaged at 12 to marry Gemma di Manetto Donati, of the powerful Donati family; they were wed probably in their early 20s, and had (we think) four children, of whom one, Jacopo, became a poet as well. Dante never wrote anything about his wife. Boccaccio, whose life overlapped Dante's, says his marriage brought him only trouble and pain.

A typical young Florentine Guelph, he fought for his province against Arezzo Ghibellines in the 1289 Battle of Campaldino. When the grandson of Charles I of Anjou, Charles Martel of Anjou, visited Florence in 1294, Dante was one of his escorts. Because a 1295 law required anyone aspiring to public office to be in one of the corporation of professions, he enrolled in the Apothecaries Guild. (Interestingly, books were sold from apothecary shops, so it seemed an appropriate choice for a poet and lover of poetry.) He held various small offices over the years.

The Guelphs (as opposed to the Ghibellines) were a group that supported the papacy. After the conflict mentioned above, however, the Guelphs split into two factions: White Guelphs (Dante's party) and Black Guelphs. The White Guelphs wanted more freedom from Rome, which became a problem for Dante, as I'll explain next time.

Friday, April 15, 2022

John Hawkwood

John Hawkwood (c.1323 - 1394) was an English soldier who became famous as a mercenary leader. Many Italian city-states hired foreign mercenaries to lead their armies, so that the soldiers had no loyalties to any families inside the city that could lure them to support a military takeover. 

We know for certain of his leadership of a group in France because of a letter addressed to him as the leader from Pope Innocent VI, asking Hawkwood's group to stop harrassing the fort at Pont-Saint-Esprit. They refused the pope's request, which led to their excommunication. The issue was resolved when the pope offered more money to fight for him in Spain and Italy. This split the group, and Hawkwood led the half that went to Italy. Italians had difficulty pronouncing his name, and he became known as Giovanni Acuto, "John the Sharp/Astute."

He was eventually allied with Bernabò Visconti against Pope Urban V. Although outnumbered, Hawkwood managed to outflank the enemy and capture many officers, cementing his reputation. He later went on raids through the countryside, intimidating various towns to pay him to leave them alone. One of these raids led to the War of the Eight Saints.

He outmaneuvered enemies with feigned retreats and ambushes, setting up banners in one area as if he were camped there, and then coming around at the enemy from a different direction. He was known for brutality as much as cunning: he had no problem with his men raping, dismembering, or outright murdering peasants. He sacked monasteries such as the Abbey of San Galgano.

I mentioned his marriage to Donnina Visconti yesterday; he also had an earlier English wife with whom he had at least one daughter, Antiochia, who married into the Coggeshall family of Essex. He had several children with Donnina, and at least two sons from other affairs.

After his death, on 17 March, 1394, an elaborate funeral honored him in the Duomo in his then home town of Florence; a painting of Hawkwood contracted by the Medici family in 1436 commemorates him. Donnina traveled to England to lay claim to his family lands, but the records of ownership had disappeared during the Black Death. His wealth seemed to vanish overnight.

Next I want to tell you more about the Abbey of San Galgano and the sword in the stone.

Thursday, September 27, 2018

Cosimo de Medici

The Medici family name is known to many casual readers of history. Let's talk about the man who started it all.

Born on 27 September 1389, Cosimo di Giovanni de' Medici was described by Edward Gibbon as:
...the father of a line of princes, whose name and age are almost synonymous with the restoration of learning; his credit was ennobled into fame; his riches were dedicated to the service of mankind; he corresponded at once with Cairo and London; and a cargo of Indian spices and Greek books were often imported in the same vessel. [The History of the Decline and Fall of the Roman Empire]
Cosimo never became pope (like three later Medicis did), but he did rise to prominence in Florence due to his wealth. He operated a powerful bank, using the money this brought him to influence politics and arts. Although he never overtly "ruled" Florence, he was a de facto ruler because politicians functioned according to his whims. The man who later became Pope Pius II said "Political questions are settled in [his] house. The man he chooses holds office... He it is who decides peace and war... He is king in all but name."

His birthday was not his birthday. He was actually born on 10 April. He was born with a twin, called Damiano. His parents named their children after the twin saints Cosmas and Damian. Later, Cosimo would celebrate his birthday on the feast day of those saints, 27 September. (Damiano died shortly after birth.)

In 1410, he made a loan to Baldassare Cossa, who used it to make himself a cardinal. When he later became (the anti-) Pope John XXIII, he repaid Cosimo by making the Medici Bank the official bank of the Vatican. Cosimo used this connection well, until 1415 when John XXIII was deposed. After that, the Medici Bank had to compete with other banks.

In 1415 he married Contessina de' Bardi, a daughter of the family that once controlled the powerful Bardi bank, before its collapse in 1345 (the subject of one of the very first entries in Daily Medieval, and a factor in the novel portrayed on this page to the right). Although their family bank had collapsed, the family was still prominent in Florence. He died on 1 August 1464, at the ripe age of 75, leaving behind a family line that would remain powerful for generations.

Monday, July 21, 2014

Marsilius Ficino

I have always been impressed by the work of Marsilius Ficino (1433 - 1499), but was not sure how to tackle him in a short blog post. Whether we can do justice to him in so brief a span is immaterial: he deserves to be known.

He was born in Florence, son of the physician of Cosmo de Medici, and wound up serving three generations of Medici himself. Cosmo de Medici had Ficino translate Plato into Latin, with an eye to re-creating Plato's Academy in Florence. This may be what made Ficino such a strong proponent of Platonism (now called neo-Platonism). Ficino believed so strongly that Plato (as well as Socrates) and Christianity could be reconciled that he even argued for the reading of Plato in church.

His first major written work was the Theologia platonica ["Platonic theology"], in which he tried to show how Plato's "The One" was clearly the Christian "God," and that everything believed in by the ancients fit into modern Christian knowledge.

In fitting together everything that was "known" about the Universe, Ficino likened magical rituals to Sacraments, and compared pagans' invocation of numerous deities with Christian' prayers for intercession by saints.

He was especially attracted to astrological magic and astrological talismans. His De vita libri tres or De triplici vita ["Three books on life"] tackles various topics. The first book, De vita sana ["On a healthy life"], is specifically for scholars who wish to maintain a healthy life. The second book, De vita long ["On a long life"], is aimed at health for the elderly.

The third book is the most interesting. De vita coelitus comparanda ["On obtaining life from the heavens"] deals with astrological magic. For Ficino, the planets had special powers connected to the Greek gods for whom they were named. It is this work in which he discusses the immortality of the soul and her relationship to all other things, particularly the Soul's nature as a focal point for Body and Mind, bringing them together in Man.

Here also is where he outlines the connection of all things, when he says:
I have said elsewhere that down from every single star (so to speak Platonically) there hangs its own series of things down to the lowest...Under the celestial Serpent or the entire constellation of the Serpent-bearer, they place Saturn and sometimes Jupiter, afterwards daemons who often take on serpent's form, in addition men of this kind, serpents (the animals), the snake-weed, the stone draconite which originates in the head of a dragon, and the stone commonly called serpentine...By a similar system they think a chain of beings descends by levels from any star of the firmament through any planet under its dominion. If, therefore, as I said, you combine at the right time all the Solar things through any level of that order, i.e., men of Solar nature or something belonging to such a man, likewise animals, plants, metals, gems and whatever pertains to these, you will drink in unconditionally the power of the Sun and to some extent the natural powers of the Solar daemons. [Ficino, Three Books on Life, Bk. III, Chap. 14]
Ficino assumes correspondences between all things, especially those of a similar (for example, "snake-like") nature. He also ties in mathematics, claiming like Plato that numbers and shapes have correspondences to other things in Nature.

His works were published and read up until the 18th century, when modern philosophy began to establish its current form.

Tuesday, February 11, 2014

A Papal Secretary Makes His Mark

Poggio's notes on monument [link]
Many months ago this post mentioned a time when there were three popes at once, who were finally removed and replaced with a fourth. The truth is that there was a two-year gap before the Cardinals settled on a single pope. During this time, what did all the servants and staff of the Vatican do with themselves? One of them went searching for manuscripts from the past and made of them a gift to the future.

His name was Gian Francesco Poggio (later called "Bracciolini," and he was born in Tuscany on 11 February, 1380, but grew up in Florence where his father took him to be educated. It was soon clear that he had a great talent: his penmanship. In an age when all documents were created by hand, penmanship was prized. He was put in school to become a notary.

Notaries were authorized to oversee certain legal documents and transactions. At 21 he was a member of the Notaries Guild in Florence. Two years later, he was working for a cardinal, and a few months after that, for the Vatican itself. With his penmanship skills and knowledge of proper document organization and preparation, he quickly moved up through all the ranks of official Vatican scriptors, working under four popes.

Then came 1414 and the Council of Constance that got rid of all three warring popes, beginning a two-year gap in the need for secretaries who produced official documents. Poggio decided to travel. He visited the German spa at Baden, abbeys in Switzerland and Swabia, St. Gall and many others. He brought to light sole copies of important works by classical authors that might have otherwise disintegrated without being copied.

At Gall he found unique documents by Cicero, Quintilian, Statius, Gaius Valerius Flaccus, and more. Cicero's complete Orations were recovered at Cluny. The only known copy of the encyclopedic De Rerum Natura ["On the Nature of Things"] by Lucretius was recovered from a German monastery (probably Fulda). One Harvard scholar credits Lucretius' 7400-line poem on the world with kickstarting the Renaissance.

He returned to his Vatican duties, being named Apostolicus Secretarius, the papal secretary, under the newly elected Pope Martin V. He traveled a great deal still, moving around when the pope did and on re-assignments (he spent five years in England, which he hated), looking for manuscripts that needed bringing into the light. He worked under several more popes until he finally retired to a villa that he had built with the money from the sale of a manuscript by Livy. In 1453,* he was offered the position of Chancellor of the Florentine Republic by Cosimo de Medici. He fulfilled his duties there until his death in 1459.

*Coincidentally, he retired from a career created by his excellent hand-writing of documents at the same time Gutenberg was perfecting movable type and ushering in an era of mass-produced books.

Friday, February 7, 2014

War of the Eight Saints

Pope Gregory XI arriving in Rome in 1377
Fresco by Giorgio Vasari
Pope Gregory XI wanted land. He was the last pope to reside in Avignon in France rather than in the Vatican in Rome. Even though he enjoyed living in Avignon, he still felt that the pope deserved more land in Italy. He set out to achieve that by expanding the Papal States, territory that belonged to the papacy.

Understandably, the Italian city-states objected to this; if Gregory wanted more land, he was going to have to take it by force. Gregory was fine with that option. He was fighting a battle with Milan, and when that ended in 1375, he had the opportunity to send his army against Florence, which held lands that would have been ideal for Gregory. Thus started the "War of Eight Saints."

The head of Gregory's mercenary army was an Englishman, John Hawkwood. Florence decided they could "buy off" Hawkwood. They offered him (and his army) 130,000 florins to sign a one-year nonaggression pact with Florence. For Hawkwood himself, they offered an annual payment of 600 florins in a five-year contract and a lifetime annual pension of 1200 florins! Hawkwood kept his involvement to the Papal States themselves, avoiding conflict with Florentine territory. Gregory had to use other forces to attack key areas in Italy.

Who were the "Eight Saints" of the war? Their names aren't agreed upon, and they weren't saints. Gregory excommunicated Florence for its opposition, using the phrase otto dei preti ["eight priests"] to refer to specific men whose acts prompted the excommunication.* These eight would have been one (or both) of two groups of eight men: one was appointed to come up with the means of buying off Hawkwood (these men also forced a loan on the clergy of Florence to amass the money needed for Hawkwood); the other was the otto della guerra ["eight men of war"], eight men appointed to manage the war against Gregory.

Gregory ultimately returned to Rome in January 1378. If he wanted to maintain his property in Italy, he was going to have to oversee it personally. In a sense, the Avignon papacy ended by default.

*Florence had an unexpected reaction to excommunication—unexpected to our modern ideas of how devout the Middle Ages were. Someday...

Monday, February 3, 2014

An English Mercenary

Funerary monument to Hawkwood
This is the story of how an English soldier of no particular background rose to such prominence that a monument to him sits in Florence, Italy.

John Hawkwood was born about 1320, perhaps in Essex; anecdotes that he apprenticed in London as a tailor before becoming a soldier cannot be substantiated. He served in the Hundred Years War under Edward III. He may have fought at Crécy and Poitiers—again, we cannot be sure of his exact whereabouts during the war—but it is certain that he was no longer employed as a soldier once the Treaty of Brétigny was concluded in 1360.

The life of a soldier suited him, apparently—or he simply had no desire to find passage back to England. He joined one of the mercenary companies that sprang up on the continent. These groups, with no particular allegiance to any nationality and willing to fight for pay against anyone, were called Free Companies. He soon became a member of one called the "Great Company of English and Germans," also known as the White Company. By 1362 he was leading the White Company in battles all over Italy.

Hawkwood was shrewd—some would say "dishonest" or "unethical." Knowing that the White Company was a military force to be reckoned with, he would manipulate the Italian city-states that wanted help. If one offered a contract for the Company's services, he would go to their potential employer's enemy and ask for more money to refuse the initial contract. Sometimes he would be paid simply not to fight for the other side. Florence did this for three months in 1375, when the White Company was employed by Pope Gregory XI to fight Florence.

Despite this behavior, the White Company under Hawkwood gained a reputation for sticking to a contract and not deserting the battle or acting like lawless marauders once a battle was done. Military discipline was one of the commodities you gained when employing the White Company.

Besides being a mercenary, his life dovetailed with other historical events. In 1368, Edward III's son Lionel of Antwerp married Violante Visconti, daughter of then-ruler of Milan, Galeazzo II Visconti. Hawkwood was in attendance and might have met some of the other wedding guests: Geoffrey Chaucer, Petrarch, and the French chronicler Jean Froissart.

John Hawkwood died on 17 March 1394 in Florence. He had lived at that point for several years in peaceful retirement, enjoying the citizenship and pension and villa Florence had given him. Praised for his part in maintaining Florentine independence, he was buried with state honors. Plans for a bronze statue were abandoned due to cost, but 40 years later a monument was created for him by Paolo Uccello, a fresco designed to resemble bronze.

Saturday, November 3, 2012

When the Waters Rise

One of the famous sites in Florence, Italy, is the Ponte Vecchio, the bridge over the River Arno. Ponte Vecchio means "old bridge," and it's true: it is old. It is believed that the bridge that first appears in records in 996 was built in Roman times. That wooden bridge collapsed in 1117; its stone replacement survived until 1333, when the Arno experienced one of the worst floods in its known history.

Giovanni Villani (c.1276-1348) was a Florentine banker who wrote the Nuova Cronica (New Chronicles), a year-by-year account of happenings in Florence in the 14th century. He wanted to make Florence as well-documented as Rome in terms of political events, historic buildings and monuments, and natural disasters. He reports on a flood that started on 3 November 1333.

By noon on the 4th, the waters overtook the banks and spread across the plain of the church of San Salvi, 1000 feet from the riverbanks. Florence, like many cities at the time, was walled, and Villani reports that by nightfall the city wall, which had been holding back the majority of the surge, crumbled from the force of the waters, allowing the rising tide to flood the city. Supposedly, there are scratches high up on columns in the Florence baptistry that survive to this day, showing the height reached by the water. According to Villani, the water flooded the courtyard of the commune (the seat of local government) to a height of 10 feet.

The Arno floods Florence again in 1966
Bridges on the Arno—the Carraia and the Trinità—both collapsed. The Ponte Vecchio stood a little longer, but logs and debris floating own the flood piled up against it, damming the river, which rose higher and flowed over the bridge, eventually bringing all but two central piers down.

All in all, 3000 people are reported to have died because of the flood. While it is often difficult to sympathize with casualties from so long ago and so far away, very recent events on the northeast coast of North America make for an apt comparison across the centuries of two tragedies. But there's even a third tragedy that needs mention here: 1333 was not the first, nor the last, time that the Arno flooded. A devastating flood in Florence in 1966 caused enormous damage; fortunately, modern methods of warning and rescue meant the casualties were kept to 1% of the 1333 totals. But the interesting footnote on the 1966 flood, when compared to 1333: it took place on 3-4 November!

Sunday, May 20, 2012

International Banking

The Collapse of the 1340s

Florence was the headquarters for some powerful families in the Middle Ages who used their wealth and business acumen (and the stability of the Florentine gold florin) to create the first international banking corporations. Two of the biggest, run by the Bardi and Peruzzi families, collapsed in 1346 and 1343, respectively. The excuse for the collapse is usually given as Edward III of England's default on loans he took to pay for expenses during the Hundred Years War. Estimates put Edward's debts at 900,000 florins to the Bardi and 600,000 to the Peruzzi--an enormous sum in any age.

More recent assessments of the situation, however, spread the blame. Edward's expenses were incurred earlier, and the two banks survived for some years afterward. Also, a third bank, the Acciaiuoli, failed in 1343 without having loaned any money to England. Various Florentine banks also loaned money to finance a war against Castracane of Lucca, and to put down a peasant revolt in Flanders. Also, an uprising in September 1343 in Florence created vast property damage that would have affected the banks (according to the 16th century historian Giovanni Villani).

It is impossible to understand every aspect of the collapse of the 1340s, especially since records such as we expect modern companies to maintain were not kept, and records that were kept did not necessarily survive until today. We do know that, in a world where nations did not maintain careful accounting practices, or have "social safety nets" established, it took very little to create widespread economic turmoil.