Pope Gregory's economic sanctions hurt merchants of…
1376 CE
Pope Gregory's economic sanctions hurt merchants of the Florentine "diaspora" throughout Europe, particularly the Alberti bankers in Avignon, although the interdict is ignored by many, including Charles V of France.
The Alberti originated from the castle of Catenaia in Valdarno Casentinese, whence the presence of two chains (Italian: catena) in their coat of arms.
Becoming established in Florence during the thirteenth century with judge Rustico Alberti, they had later divided into different lines, who own several houses and towers near the modern Ponte alle Grazie.
Exiled after the Battle of Montaperti due to their Guelph allegiance, they had returned after Manfred of Sicily's defeat in the battle of Benevento in 1266.
Subsequently siding with the Black Guelph faction, the Alberti have established a flourishing trade company with agencies at Bologna, Genoa, Venice, Barcelona, Paris, Ghent, Brussels, Bruges, and London, as well as in Syria and Greece.