Lotteries in Early Modern Italy

Welch, Evelyn

doi:10.1093/pastj/gtn007

Cited by 11 publications

(6 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…24 While the term has often been used to describe the garments worn exclusively by the higher echelons of society, in contrast to clothing, which denotes the attire of a more generalized population, recent scholarship argues that fashion as novelty and change was widely shared by large sections of the population. 25 It prefigured changes in manners and basic assumptions about society. And, most importantly, as a concept and a social practice, fashion did not apply only to the attire of elites.…”

Section: Fashionmentioning

confidence: 99%

Cultures of Clothing in Later Medieval and Early Modern Europe

Rosenthal¹

2009

Journal of Medieval and Early Modern Studies

View full text Add to dashboard Cite

Renaissance courts were in constant flux as nobles moved in and out of a ruler's household. 7 These developments had an enormous impact on the material culture of the age, which witnessed an unrestrained accumulation of goods. 8 Luxury objects and fashionable garments were valuable assets that set elite families apart from the working poor. 9 Over two centuries of great economic and demographic expansion (ca. 1450-ca. 1650), new patterns of production, merchandizing, and consumption in the creation and dissemination of paintings, decorative ornaments, tapestries, and illuminated manuscripts, and the design and production of clothing significantly changed what clothing signified to individuals, within their respective communities and across the Continent. 10 Clothing assumed a central position in this "world in motion" as it developed into complex social systems of dress: textiles and trims were acquired in local, urban, and international markets, and individual identities were formed no longer solely according to regional, economic, and political dictates but also in accordance with social, aesthetic, and industrialized processes that embraced both global techniques and individual preferences. Clothing for the upper echelons of society was made of intricate textile weaves and patterns. 11 Aristocrats sought social differentiation through dress codes and elaborate spending because social status depended not only on luxurious cloth but on how cloth was fashioned into garments that followed precise, often individual guidelines. 12 Artifacts or worldly possessions and luxurious clothing, however, were separate and distinct from the household items that constituted instead an individual's patrimony and investment for one's heirs. 13 On account of fluctuations in the amount of textiles produced in the early modern period and "above all, because the values extolling the new, and the need for replacement to keep pace with fashion were late to gain precedence over those of conservation and tradition," as Laurence Fontaine argues, clothing no longer served the purpose of "storing value," given the growing popularity of cheap materials and secondhand markets where clothes could be bought. 14 Once clothing became integrated into a system of social codes, it was subject to ongoing political, economic, religious, and social change. The expansion of Europe meant an unprecedented increase in two-way cultural exchanges of knowledge which Europeans carried into unknown areas around the globe-from West Africa to India, China, and Japan in the east, to the Americas in the west. New settlers brought with them the most recent technological inventions for producing cloth.

show abstract

Section: Fashionmentioning

confidence: 99%

Cultures of Clothing in Later Medieval and Early Modern Europe

Rosenthal¹

2009

Journal of Medieval and Early Modern Studies

View full text Add to dashboard Cite

show abstract

“…In Genoa the lottery evolved from popular betting on the selection of senators, which had been entrusted to chance in order to avoid political interferences (Bellhouse 1991;Assereto 2013). Private and public lotteries were organized in Rome and Venice, which may have been the first government to issue public debt through lotteries (Welch 2008;Bellhouse 1991).…”

Section: Introductionmentioning

confidence: 99%

Lottery Loans in the Eighteenth Century

Velde¹

2018

View full text Add to dashboard Cite

In the 18th century Britain frequently issued lottery loans, selling bonds whose size was determined by a draw soon after the sale. The probability distribution was perfectly known ex-ante and highly skewed. After the draw the bonds were identical (except for size) and indistinguishable from regular bonds. I collect market prices for the lottery tickets and show that investors were paying a substantial premium to be exposed to this purely artificial risk. I show that investors were well-to-do and included many merchants and bankers. I turn to cumulative prospect theory to make sense of these observations and estimate the equilibrium model of Barberis and Huang (2008). The preference parameters can account for the level of the lottery premium but cannot always match the systematic rise of prices over the course of the draws.

show abstract

“…Aunque se documentan sorteos y rifas desde la edad media, particularmente en Italia (Roma, Génova, Venecia): cf Welch (2008)…”

unclassified

The Enlightened Bet. Royal Lottery and Power Structures in the XVIIIth Century

Petit¹

2018

Precedente

View full text Add to dashboard Cite

«A imitación de la Corte de Roma y de otros países», un decreto del 30 de septiembre de 1763 plantificó en España la Real Lotería. La nueva institución tenía su propio arca, «Tesorería de la Lotería», aunque la Hacienda Real, en conjunto, la «Tesorería general», respondía de los premios –sumas variables en función del monto apostado y de la combinación de la jugada– cuando «faltáre caudal para pagar á los interesados las suertes que les toquen»; las ganancias se destinaban a «hospitales, hospicios, y otras obras pías y públicas, en que se consumen anualmente muchos caudales de mi Real Erario». No fue publicada esta breve ley en la prensa de la corona, la Gazeta de Madrid y Mercurio histórico y político, mas circuló y fue recopilada en las obras de referencia sobre los tributos reales.1 Pronto siguieron nuevas medidas –una real orden de 1774 (28 de julio) salió al paso de la venta de billetes de la lotería holandesa, «sin embargo de estar prohibido por repetidas Ordenes el establecimiento de Loterias Estrangeras en España»– y una larga Instrucción (1776) organizó de modo definitivo la compleja estructura administrativa de la nueva renta.2 A esas alturas –aunque con profundas diferencias– el juego había llegado al virreinato de México (Cordoncillo, 1961).

show abstract

Lotteries in Early Modern Italy

Cited by 11 publications

References 0 publications

Cultures of Clothing in Later Medieval and Early Modern Europe

Cultures of Clothing in Later Medieval and Early Modern Europe

Lottery Loans in the Eighteenth Century

The Enlightened Bet. Royal Lottery and Power Structures in the XVIIIth Century

Contact Info

Product

Resources

About