Money and the Rise of the Modern Papacy
Financing the Vatican, 1850-1950
By (author) John Francis Pollard
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Money and the Rise of the Modern Papacy by John Francis Pollard
Book DescriptionThis is a pioneering study of the finances and financiers of the Vatican between 1850 and 1950. Dr Pollard, a leading historian of the modern papacy, shows how until 1929 the papacy was largely funded by 'Peter's Pence' collected from the faithful, and from the residue the Vatican made its first capitalistic investments, especially in the ill-fated Banco di Roma. After 1929, the Vatican received much of its income from the investments made by the banker Bernadino Nogara in world markets and commercial enterprises. This process of coming to terms with capitalism was arguably in conflict both with Church law and Catholic social teaching and becoming a major financial power led the Vatican into conflict with the Allies during the Second World War. In broader terms, the ways in which the papacy financed itself helped shape the overall development of the modern papacy.
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Book DetailsISBN: 9780521092111
(228mm x 152mm x 16mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 4-Dec-2008
Country of Publication: United Kingdom
Books By Author John Francis Pollard
Vatican and Italian Fascism, 1929-32, Paperback (November 2005)
This book examines the relations between the Vatican and the Fascist regime in Italy, 1929-1932.
Benedict XV, Paperback (May 2005)
When Joseph Ratzinger chose the Papal name Benedict XVI he consciously bought into a legacy that has stretched over nearly 1500 years. From Bonosus in 575 to Bendict XV in 1914 the Benedictine legacy has been one of turmoil.
Money and the Rise of the Modern Papacy, Hardback (January 2005)» View all books by John Francis Pollard
This the first scholarly study of the finances and financiers of the Vatican between 1850 and 1950.
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Author Biography - John Francis Pollard
John F. Pollard is a Fellow of Trinity Hall, Cambridge. He is the author of The Vatican and Italian Fascism, 1929-32: A Study in Conflict (1985).
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