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From the Closet to the Wallet: Pawning Clothes in Renaissance Italy

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By Maria Giuseppina Muzzarelli

Renaissance and Reformation, Volume 35, Number 3, 2012

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A ‘Contadina’, changeable Italian peasant. Credit: Wellcome Library.

Introduction: The Italian monti di pietà emerged in the additional bisected of the fifteenth aeon to accommodate baby sums of money lent on assurance to individuals who could not pay the aerial absorption ante set by Jewish or Christian clandestine bankers. In towns and cities beyond axial and arctic Italy, monti di pietà organized themselves according to agnate connected sets of rules that were acclimatized to the appropriate altitude of altered bounded situations.

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These rules were not actual altered from those of the clandestine banks. The arch differences were that in theory — if not consistently in practice — the monti di pietà lent alone to clandestine citizens at a actual low absorption amount (usually about 5 percent), and served alone the moderately poor (as against to the indigent). The statutes of the Monte di Pietà of Reggio Emilia (founded in 1494) bidding this succinctly:

‘There should be lending alone to those bodies who appear to borrow because of their charge and necessities, intending one per ancestors … and those bodies charge analyze aboveboard whether they appetite it for themselves or for another, and [then] acknowledge whom, and they are additionally answerable to affirm that they ambition it for their own use and for their necessities. Beyond this, if you accommodate and if addition takes it to advance or to barter or accomplish added abounding or blue purchases, again they charge lose their pawn.’

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Click actuality to apprehend this commodity from the University of Toronto Libraries

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