Banking in Florence during the Renaissance enabled prosperity and patronage of the visual arts.
Banking was the commercial activity that made Florence prosperous and enabled it to patronize the visual arts during the Renaissance period. The Medici family, a prominent banking family, played a crucial role in sponsoring artistic accomplishments in Florence, including works by renowned artists like Leonardo da Vinci and Michelangelo.
In the 15th century, Florence became a major mercantile center through the production of cloth, which drove their economy and led to the emergence of a wealthy merchant class. This economic prosperity, fueled by banking activities, allowed Florence to thrive and support the flourishing of the visual arts.
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