Written Assignment 1 Banks Bookkeeping Capitalism

Written Assignment 1 Banks Bookkeeping Capitalism - Sarah...

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Sarah Lowery ITAL 150: Cultural Legacies of Italy Fall 2011 Discussion of Essay XV, “Banks, Bookkeeping, and the Rise of Commercial Capitalism,” in Sprezzatura by Richard Jackson Essay XV of Sprezzatura provides a clear and concise description of the development and rise of banking, accounting, and capitalistic practices. The author, Richard Jackson, begins the short essay with a brief history of the Vivaldi brothers’ voyage to the West Indies in 1291. The remainder of the essay is organized chronologically and spans from the late 11th century--when Genoa tried to extract control of the Mediterranean, through the early 1400’s where the Venetians became the “masters of all the gold in Christendom” ( 1 D’Epiro, 110-111), to the 16th and 17th centuries, when control of commerce moved North of the Alps to more centralized regions of Europe. Jackson seems to focus more attention on actual events and practices that took place during this time period as opposed to focusing on specific people in history. The three most important aspects of this essay were the funding of the Renaissance, the creation and uses of the commenda, and the development of double-entry bookkeeping. The growth of Italian banking procedures gave rise to other European countries to start taking advantage of the innovation.
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Written Assignment 1 Banks Bookkeeping Capitalism - Sarah...

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