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Florence became wealthy because of trade and banking, during the crusades many ships would bring soldiers to fight and often they transported and traded. Also, since bankers handled the Church's transactions, they gained a large portion of those transactions, the Medici family originated as bankers and traders and became wealthy from it.

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13y ago
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14y ago

The Medici were a family of Bankers. They had banks throughtout Europe and were the official bank of the Pope. The connection to the Pope made them respected by others who decided to bank with them as well. They became extremelly wealthy and powerful.

Florence was home to the Medici and it prospered due to their patronage and many commssions in the areas art art, science, philosophy, etc...

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9y ago

an abundance of artists, architects, and scolar

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10y ago

The primary source of Florence's wealth came from textile manufacturing and trading. The main textile used was cloth, primarily wool.

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12y ago

tourism

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Q: How did florence and the Medici family become so wealthy?
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Related questions

Who controlled Florence Italy?

Wealthy merchant families ruled Florence. The Albizzi Family was prominent in Florence from 1382 to 1434. The House of Medici ruled from 1434 to 1737, when there were no more male heirs, after which Austria temporarily ruled Tuscany. Tuscany became a province of the United Kingdom of Italy in 1861.


What is the most wealthy and art-loving family in Florence during the Renaissance?

This is generally the Medici family.


Did the Medici family become the most important ruling family in Venice?

I got the medici family for florence


What powerful family controlled florence for 300 years?

the medici family


Is the Medici family from Sicily?

If you are asking about the origin of the Medici Family, they are not from Sicily. During the Renaissance, the Medici bank had skyrocketed. Sicily unfortunately wasn't as wealthy as Florence, Italy (Medici is based in Florence.) Yes, they are known as "The Kings of Sicily" but rather less, if you had 100 florins in your pocket at the time, you were richer than more than a kilometer of Sicily.


Why is the medcic family famous?

The Medici Family were famous for ruling Florence, Italy throughout the Renaissance. Giovanni de Medici, a wealthy wool merchant and banker, started the Medici Bank. The Medici's were well-known patrons of the arts.


What city did the medici family rule?

medici family ruled Florence :D


Which family of Florence organized a banking business?

Medici is the family of Florence


Leading patron of Florence?

The Medici banking family was the leading patron of Renaissance Florence.


Where did the medici family live?

Florence


What renaissance family patronized the arts in Florence?

The Medici family, Cosimo, his son Piero and Piero's son Lorenzo.


Why was the medici family famous?

richest family in florence