amount spent on patronage


Lorenzo de' Medici calculates that since 1434, his family has spent some 663,000 florins (approx. 460 million USD today) on charity, buildings and taxes. He writes,

I do not regret this for though many would consider it better to have a part of that sum in their purse, I consider it to have been a great honour to our state, and I think the money was well-expended and I am well-pleased.

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