Barbara W. Tuchman Quote
Peruzzi, secured on expected revenue from the wool tax. When this brought in too little and Edward could not repay, the drain on the Italian companies bankrupted them. The Peruzzi failed in 1343, the Bardi suspended a year later, and their crash brought down a third firm, the Acciaiuioli. Capital vanished, stores and workshops closed, wages and purchases stopped. When, by the malignant chance that seemed to hound the 14th century, economic devastation in Florence and Siena was followed first by famine in 1347 and then by plague, it could not but seem to
Barbara W. Tuchman
Peruzzi, secured on expected revenue from the wool tax. When this brought in too little and Edward could not repay, the drain on the Italian companies bankrupted them. The Peruzzi failed in 1343, the Bardi suspended a year later, and their crash brought down a third firm, the Acciaiuioli. Capital vanished, stores and workshops closed, wages and purchases stopped. When, by the malignant chance that seemed to hound the 14th century, economic devastation in Florence and Siena was followed first by famine in 1347 and then by plague, it could not but seem to
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About Barbara W. Tuchman
Tuchman focused on writing popular history.
Tuchman was a member of the Writers and Artists for Peace in the Middle East, a pro-Israel group. In 1984, she signed a letter protesting German arms sales to Saudi Arabia.