What city became wealthy from from trading cloth and from banking in the renaissance?

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2026-08-20 18:50

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During the Renaissance, Florence became wealthy primarily through trading cloth, particularly wool, and banking. The city was a major center for textile production and trade, with its merchants and bankers, such as the Medici family, playing a pivotal role in the economic landscape of the time. This wealth allowed Florence to flourish as a hub of art, culture, and intellectual achievement.

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