The Medici in Florence
Lorenzo the Magnificent
Along with economic prosperity, Florence experienced also a period of great artistic vitality. The Medici were important bankers and financed many masterpieces by famous artists, such as Donatello, Beato Angelico and Filippo Lippi.
In 1469 Lorenzo de` Medici (Lorenzo the Magnificent) became Florence`s new ruler after his father`s death. In 1478 Lorenzo and his brother Giuliano were the victims of an attempt on their lives; a plot that the Pazzi, a rival family, had hatched with the Pope. On this occasion, Giuliano died.
Lorenzo, like his father and grand-father had already done, promoted political reforms as far as Florence`s power organisation was concerned. Under Lorenzo, the Consiglio dei Settanta (Council of Seventy) was created. The new organ was more powerful than the old signoria.
Under Lorenzo the Magnificent the arts continued to prosper in Florence, which made Michelangelo move at the court of the Medici.
The period of prosperity was, however, coming to an end and Lorenzo`s death in 1492 was the beginning of a long period of decay.
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