IDEAS home Printed from https://ideas.repec.org/h/pal/psitcp/978-3-319-41998-5_4.html
   My bibliography  Save this book chapter

The Pope’s Banker

In: Alessandro Torlonia

Author

Listed:
  • Daniela Felisini

    (University of Rome Tor Vergata)

Abstract

This chapter deals with the history of the Papal State, its fiscal policies, and the role played by Torlonia in the 1830s when uprisings in the northern provinces (1831) had dire consequences for the State budget. The papal government needed rescue its finances and Alessandro Torlonia, newly head of the family Bank, masterfully seized his great opportunity: he became the Pope's banker. In partnership with James de Rothschild, Torlonia introduced innovative elements to the management of public debt within an administration used to more traditional financial mechanisms. The first Rothschild–Torlonia loan was one of the most controversial operations of the period, both because of the financial conditions imposed and because Rothschild was a Jewish banker. This chapter focuses on the crucial problems within Papal State finances, which also affected papal relationships with the Great Powers in a century that saw the demise of the Pope’s temporal power.

Suggested Citation

  • Daniela Felisini, 2016. "The Pope’s Banker," Palgrave Studies in the History of Finance, in: Alessandro Torlonia, chapter 4, pages 75-105, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-3-319-41998-5_4
    DOI: 10.1007/978-3-319-41998-5_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psitcp:978-3-319-41998-5_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.