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It is unlikely that the Italian city-states would have been as successful and influential during the Renaissance without the development of banking. Banking allowed for the accumulation and investment of wealth, which in turn facilitated the patronage of art and the financing of trade. Without the ability to securely store and transfer funds, the powerful families and institutions of the city-states would not have been able to finance the art, architecture, and cultural achievements that made them famous. Additionally, banking facilitated international trade, which allowed for the exchange of ideas, goods, and technologies that contributed to the flourishing of the Renaissance.

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Vijay Dino25

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2y ago

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