By Daniela Felisini
This ebook offers a shiny 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 eu monetary markets and the decline of Papal energy in the course of the Italian Risorgimento. The dialogue is based in rigorous ancient study utilizing unique assets reminiscent of the Archivum Secretum Vaticanum papers and different authentic files; the files of the Torlonia relatives, and of the Rothschild financial institution in Paris; memoirs; correspondences, and newspapers. via this e-book readers research that Alessandro Torlonia was once 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 a professional critique of the monetary background of the papacy: a space of heightened curiosity given the notoriety of relatives among the Holy See and its bankers within the 20th and twenty-first centuries. Focal themes equivalent to the heritage of eu 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
6 In this climate of economic ferment, Banco Torlonia’s business expanded rapidly, mixing substantial investments in property with entrepreneurial ventures. The most interesting of these included involvement in the contract for the Tolfa alum quarries, in northern Lazio, and operation of the state’s large textile factory located in the ancient Baths of Diocletian in Rome. The alum quarry contract was taken on by Giovanni Torlonia in 1786, in partnership with Carlo Giorgi and Domenico Lavaggi. It was highly desirable, because it allowed for the extraction and sale of alum under a monopoly arrangement.
It was highly desirable, because it allowed for the extraction and sale of alum under a monopoly arrangement. This mineral salt was essential to the tanning industry, for processing skins and leather, and the textile industry, where it was used in the dyeing phase as a fixing agent for the colours. 7 The activity was therefore profitable, but required substantial liquid assets for the payment of the fee to the Apostolic Camera,8 and the ability to manage both the infrastructure and the many employees.
On this, see Delumeau, L’alun de Rome 15–19e siècle. 8 The Reverenda Camera Apostolica (Apostolic Camera) had for many centuries been the body responsible for the financial, administrative and judicial rule of the Papal States. During the nineteenth century it became less powerful; its responsibilities started to be reduced and taken up by bodies that were more like modern ministries. See Felici, La Reverenda Camera Apostolica. 6 20 Alessandro Torlonia: The Pope’s Banker the operating methods, with the dual objective of avoiding damage to the deposits and maintaining the quality and price of the alum.
Alessandro Torlonia: The Pope’s Banker by Daniela Felisini