美蒂奇家族与山西票号的比较及启示

Similarities and differences between the Medici family and the Shanxi draft banks

Name:He Jiazhe

Major:Company financial

Student ID:201110111330

Similarities and differences between the Medici family and the Shanxi draft banks

This paper will discuss the Medici family and the Shanxi draft bank from the

introduction ,the comparison between the Medici family and the Shanxi draft banks of similarities and differences ,and the enlightenment three aspects .

the introduction to the Medici family and the Shanxi draft banks The Medici family is a famous Florence family which actives in the 14th to 18th Century. Unlike other European states the money changers，Giovanni Medici in the long dull currency exchange service found that they can make money by deposit and loan business. Since then he led the Medici family on to its greatest triumphs. In general sense, the Shanxi draft banks refers to the business banks which is renowned throughout the whole country during the 500 years of Ming and Qing Dynasties. It is an old financial Shanxi Merchants organization but not the capitalist bank like the Medici family.In the beginning, the exchange business is their major aim, later on ,they also deal in deposit and loan business .Qu Dianyuan has been in the "China financial and exchange” said:" The Shanxi draft banks occupy a leading position in China financial sector about 100 years." That fully demonstrated the Shanxi draft banks in the status and the impact of financial sector in the Ming and Qing Dynasties . From the late Qing Dynasty to the before liberation , because of various reasons the Shanxi draft banks declined gradually. But it does to promote the development of national capitalism through the deposit and loan business.

the comparison between the Medici family and the Shanxi draft banks Similarities

First, they are the objective needs of the development of social economy, the circulation of commodities to expand,the traffic developed, domestic and foreign exchange. Second, production and application of new accounting principle provides favorable conditions and the key tool for their generation and development. Third, they all had the underestimated impact on the politics in their times. Cosimo Medici had took over the Pope's financial represented the Medici bank,and the

Shanxi draft banks had helped Qing governments raise the debt, actually played the role of treasury agency.Fourth, they all had exchange, deposit and loan business.So they solved the difficulties of carrying silver ,accelerated the capital turnover and enhanced the fund the use efficiency . Fifth , whether it is Medici or the Shanxi draft banks , They are family businesses, appoint people by favouritism. Sixth, they all laid the foundation for the banks later appeared . Differences

First, the impact which they made on science, art and cultural is different. The Medici family supported of the activities which were made by Renaissance artists, scientists and humanists. Such as Da Finch, Rafael, Della Reya. And it is worth mentioning that Michelangelo began to accept the Medici family funded from the age of fourteen. Many in fact exhibitions of the works are the Medici family collection, many portraits and sculpture were made for the family. Even the most important source of Florence exhibits, the Uffizi Gallery, is also one of the family heritages. As for the Shanxi draft banks, although merchants also left a rich architectural heritage for us, such as the famous Qiao family courtyard, the Wangs Courtyard and so on, Shanxi Merchants culture has not been well preserved. Second, the influence of Medici's family in politics is far exceeded the Shanxi draft banks. The Medici family in more than four hundred years of history has been three Pope and two French queen, a number of government officials. Establishing the tyranny, to become the Florence Republic unofficial summit.

the enlightenment

Response to meet the needs of market and financial innovation based on the principles of honesty and trustworthiness is an important reason for the two flourishing. The economic base determines the superstructure.It is can be seen from the development history of the Medici family. The powerful economic strength, especially in the financial strength on political influence is extraordinary. The productive forces decide the relations of production. The objective demand for money will produce only when social economy develops to a certain level.

Reference:

①Kristof Herbert.2010. "Medici family rise and fall" . Shanghai Sanlian bookstore in Shanghai city. Chinese

②Qu Dianyuan.1930 "Chinese financial and exchange". Shanghai Dadong publishing house in Shanghai city. Chinese.