Money and the Rise of the Modern Papacy: Financing the Vatican, 1850-1950

From: Business History Review | Date: January 1, 2005| Author: | Copyright information

Money and the Rise of the Modern Papacy: Financing the Vatican, 1850-1950. By John E. Pollard. Cambridge: Cambridge University Press, 2005. xx + 265 pp. Index, notes, bibliography, figures, illustrations, tables. Cloth, $85.00. ISBN: 0-521-81204-6.

Pius IX began his papacy in 1846 by inheriting, in the words of John Pollard, "an essentially small, semi-feudal and territorial state with fairly loose spiritual authority over millions of Catholics outside of the Italian peninsula" (p. 1). Approximately a century later, in 1950, Pius XII promulgated the dogma of the Assumption of the Blessed ...

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