Albizzi in power in 1433 when Florence receives a setback and aims to
blame this on the Medici and exile Cosimo.
However his supporters get into power, call him back from exile, and he
gains power and exiles all of the Albizzi and their supporters (Strozzi). He
does not become the formal leader, but now has background power.
Cosimo; has a lot of money, a lot of people in his faction (clients,
supporters), his is a banker and give a loan on advantageous terms as long as
you support him. He initiates a period of stability that lasts within Florence.
2) Stages of Medici Control
Cosimo - 1434-64
skilled banker, with a strong sense of balance - understands that if
he wants to stay in power, he must stay out of power. Must keep his
faction happy (all wealthy and ambitious), and does so by promoting
their political careers, fortunes, marriages etc.
Also understands he must keep his enemies out of circulation.
Power sharing, keeping taxes low, and keep the right profile
(magnificence and humility - Catholic ethos that you should share
your wealth, be humble, contradicts growing Classical ethos that a
leader should be magnificent, show this through their wealth)
He achieves this profile balance by supporting the arts, building
the Medici palace, rebuilding the local cherish church, local
monasteries which he donates manuscripts to, sponsors scholars who
go out to find ancient manuscripts. Also gives the Pope refuge when
he needs to flee the Empire. All of these things cost a lot of money,
which he is willing to put in himself.
Aside from the palace, all of the money goes to benefiting
Florence - thereby he is not shoving his wealth in their faces, but still
allowing them to know about it.
This results in retaining good relations with other merchants,
avoids public office and places his supporters in his place.
Work indirectly, from behind the scene, pulling strings. Still
directs policy with informal consultations at his home.
In these informal consultations he aims to stop the wars which
Florence in engaging in. He proposes an alliance to Milan, gambling
Venice will not break it's peace with them if they do so.