Money and the Rise of the Modern Papacy Financing the Vatican, 1850}}}1950 [Hardcover]

This the first scholarly study of the finances and financiers of the Vatican between 1850 and 1950.This the first scholarly study of the finances and financiers of the Vatican between 1850 and 1950. Dr Pollard, a leading historian of the papacy, explores the transformation of the Vatican into a major financial power and the part this played in the developement of the modern papacy. Using hitherto unexplored sources, he sheds new light on tensions between the Vatican's engagement with capitalism and the Church's social teaching and conflicts between the Vatican and the Allies during the Second World War and the early Cold War.This the first scholarly study of the finances and financiers of the Vatican between 1850 and 1950. Dr Pollard, a leading historian of the papacy, explores the transformation of the Vatican into a major financial power and the part this played in the developement of the modern papacy. Using hitherto unexplored sources, he sheds new light on tensions between the Vatican's engagement with capitalism and the Church's social teaching and conflicts between the Vatican and the Allies during the Second World War and the early Cold War.John Pollard, a leading historian of the papacy, explores the transformation of the Vatican into a major financial power and the part money played in the development of the modern papacy. Using hitherto unexplored sources, he sheds new light on tensions between the Vatican's engagement with capitalism and the Church's social teaching, and conflicts between the Vatican and the Allies during the Second World War and the early Cold War.1. Introduction; 2. The reign of Pius IX: Vatican finances before and after the fall of Rome (18501878); 3. The Pontificate of Leo XIII (18781903); 4. Vatican finances under the 'Peasant Pope', Pius X (19031914); 5. 'The great charitable lord'?: Vatican finances under Benedict XV (19141922); 6. 'Economical and prudent bourgeois'?: Pius XI, 19221929; 7. The Wall Street crash and Vatical“S