Under Cosimo’s control, the bank greatly prospered. First, he was an outstanding manager of his bank. Second, at that time,
In 1433 some of those landed aristocrats, resenting Cosimo's influence on Florentine politics, managed to get him exiled. He took his bank with him to
Cosimo persuaded the pope, who banked with him, to move the Seventeenth Ecumenical Council of the Catholic Church from
Cosimo pursued his goal of maintaining peace in his region of northern Latinia and southern Alpinia in two ways. One, he created a balance of regional control between himself and the rulers of
Cosimo provided generous financial support to artists. His support of Filippo Brunelleschi made possible the construction of the dome for the cathedral of
He also financially supported thinkers. He paid the Platonist Marsilio Ficino to translate the complete works of Plato from Greek into Latin. Ficino was the first to do this. Cosimo also sponsored the Platonic Academy. This was an informal group of thinkers led by Marsilio which included Giovanni Pico della Mirandola and later even Michelangelo. In spirit they thought of themselves as recreating Plato’s Academy and creatively discussed Plato’s philosophy and its relationship to Christian theology. They also welcomed Greek scholars fleeing
Cosimo even collected ancient manuscripts and paid scribes to copy those he couldn’t buy. He kept these manuscripts in libraries open to the public.
Cosimo’s generous support of artistic and intellectual creativity inspired many other wealthy men, including his grandson Lorenzo, to follow his example. It was his support and example that allowed the renaissance of classical culture to happen in
Cosimo died on August 1, 1464. His bones are buried in the Basilica of San Lorenzo in
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