Events from 1494

Treaty of Tordesillas - Pope divides New World between Spain and Portugal

Luca Pacioli publishes 'Summa de arithmetica' including double-entry bookkeeping - spreading Venetian method across Europe

Luca Pacioli publishes Summa de Arithmetica including double-entry bookkeeping - spreading legal framework for corporate accounting

Augsburg Fugger bank pioneers double-entry bookkeeping for bankruptcy proceedings - systematic accounting of assets and liabilities

Piero the Unfortunate expelled from Florence - Medici bank collapses, Savonarola establishes theocracy

Spain and Portugal divide world for spice trade - Treaty of Tordesillas splits globe, all for control of spice routes