History of England
History of Europe
History of Italy
Renaissance
The Medici Family

What role did the Medici family play in encouraging trade and economic growth during the renaissance?

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Answer

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Wiki User
10/07/2014

The Medici family was the wealthiest family in Florence. They developed their wealth through textile trade then helped to develop the economy by opening the Medici bank. The Medici bank used a credit/debit system that allowed more people to enter the merchant business and allowed for the post-plague economy to rebuild.