Tag: Catholic Teaching on Usury
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Pope Nicholas IV’s Constitution of July 18, AD 1289: The Transformation of Papal Finances and the Authority of the College of Cardinals
An Examination of Medieval Church Government, Ecclesiastical Revenue, Financial Administration, and the Historical Development of the College of Cardinals Introduction On July 18, AD 1289, Pope Nicholas IV issued an important papal constitution known by its opening Latin words, Celestis altitudo potentie. Promulgated at Rieti, Italy, this decree marked a significant development in the financial…