In the second half of the sixteenth century the silk 'industry' became the mainstay of Milanese manufacturing, with gold and silk fabric replacing wool cloth as the leading product in the city’s economy. It was silk processing and the associated production of gold thread that effectively boosted the duchy’s economy at the close of the Italian Wars, and made this area one of the richest and most advanced in the whole of Europe. Milan’s burgeoning silk industry found a powerful ally in the concurrent organisation of the embryonic local financing methods into a well-ordered system. While the reduction in information costs in the linkage between savings and investments increased the overall efficiency of the entire Milanese economy, the adoption of certain financial innovations – especially the widespread use of limited partnerships – was a big stimulus to the development of silk manufacturing. Under the organisational side, the consolidation of guilds represented a way for the leading city entrepreneurs to control production during the late-sixteenth century growth of silk manufacturing. But when new macroeconomic developments in the first decades of the seventeenth century shifted the fulcrum of Milanese industry towards semi-finished silk products, it was the large import-export businessmen who directly manoeuvred and ran a system of production that bypassed the guilds through a putting-out system mainly displaced in the rural areas

西班牙统治期米兰丝绸生产:金融及组织模型 Financing silk industry in Spanish Milan / G. De Luca - In: 金红丝绸--意大利伦巴第的奢华和挚爱 Gold red silk - Italy Lombardy / [a cura di] C. Buss. - Hangzhou : 中国美术学院 (China Academy of Art), 2014. - ISBN 9787550307827. - pp. 11-15

西班牙统治期米兰丝绸生产:金融及组织模型 Financing silk industry in Spanish Milan

G. De Luca
Primo
2014

Abstract

In the second half of the sixteenth century the silk 'industry' became the mainstay of Milanese manufacturing, with gold and silk fabric replacing wool cloth as the leading product in the city’s economy. It was silk processing and the associated production of gold thread that effectively boosted the duchy’s economy at the close of the Italian Wars, and made this area one of the richest and most advanced in the whole of Europe. Milan’s burgeoning silk industry found a powerful ally in the concurrent organisation of the embryonic local financing methods into a well-ordered system. While the reduction in information costs in the linkage between savings and investments increased the overall efficiency of the entire Milanese economy, the adoption of certain financial innovations – especially the widespread use of limited partnerships – was a big stimulus to the development of silk manufacturing. Under the organisational side, the consolidation of guilds represented a way for the leading city entrepreneurs to control production during the late-sixteenth century growth of silk manufacturing. But when new macroeconomic developments in the first decades of the seventeenth century shifted the fulcrum of Milanese industry towards semi-finished silk products, it was the large import-export businessmen who directly manoeuvred and ran a system of production that bypassed the guilds through a putting-out system mainly displaced in the rural areas
credit; silk manufactuting; Spanish Milan
Settore SECS-P/12 - Storia Economica
Book Part (author)
File in questo prodotto:
Non ci sono file associati a questo prodotto.
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2434/253677
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact