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What economic change during the Renaissance made bankers more important?
Craftspeople set out signs to advertise their wares.
Why did merchants believe they deserved power during Renaissance?
Unlike nobles, merchants did not inherit social rank. To succeed in business, they used their wits. As a reult, many successful merchants believed they deserved power and weath because of their individual merit.
What Changes did Industrialization bring to lower middle class of factory overseers and skilled workers?
Middle Class grew during the Industrial Revolution, skilled workers, professionals, business people, wealthy farmers, factory owners, shippers, merchants, factory owners, merchants and bankers grew wealthier than the landowners, and the aristocrats.
What was the best way for merchant to handle trade in the renaissance?
During the Renaissance, the best way for merchants to handle trade was by establishing strong networks and partnerships across Europe and beyond. This included forming alliances with other merchants, utilizing trade guilds, and exploring new markets through maritime routes. Additionally, adopting innovative financial practices, such as bills of exchange and letters of credit, facilitated safer and more efficient transactions. Ultimately, adaptability and a keen understanding of demand helped merchants thrive in this dynamic economic landscape.
Why did merchants believe they deserved powerduring the renaissance?
During the Renaissance, merchants believed they deserved power due to their significant role in the economy and the rise of trade. As they accumulated wealth through commerce, they gained influence and social status, which challenged the traditional dominance of the nobility. Additionally, the growth of city-states and the flourishing of arts and culture in urban centers further empowered merchants, as they became patrons of artists and intellectuals, reinforcing their position in society. This shift contributed to a broader recognition of their contributions to society, justifying their claims for greater power and influence.
What allowed Venice to become a major city during the renaissance?
It was a powerful city state of merchants and bankers with sea access.
How was town life during the Renaissance?
In the renaissance there were lots of little shops and people running around. People had jobs like merchants, bankers, or tradespeople.
How did bankers play an important role during the renaissance?
they didnt
What new social class emerged during the Renaissance?
Merchants is a new social class that emerged during the Renaissance.
What happened in italy during the renaissance?
Italy was more urbanised, commercial and economically advanced that the rest of Europe. It had larger classes of bankers, merchants and manufacturing workshop employees The aristocracy was mainly an urban class, rather than a rural one as elsewhere in Europe.
A family of Florentine bankers and statesmen prominent in Italian Rennaissance history?
During the Italian Renaissance, the House of Medici (Medici Family) was a notable Florentine family of politicians, bankers, and statesmen. They also have four crowned Pope's from the family.
What did merchants become more powerful then?
Merchants became more powerful than feudal lords and local nobility as trade expanded during the late Middle Ages and the Renaissance. Their wealth from commerce allowed them to gain influence, fund political endeavors, and establish powerful trading companies. This shift contributed to the rise of a capitalist economy and the decline of the feudal system, as merchants increasingly played a key role in shaping economic and social structures.
What group in society most benefited from the renaissance?
The group that most benefited from the Renaissance was the emerging middle class, particularly merchants, bankers, and skilled artisans. This period saw a rise in trade and economic prosperity, allowing them to gain wealth and influence. Additionally, the emphasis on education, arts, and humanism during the Renaissance empowered them to pursue intellectual and cultural advancements, further solidifying their social status.
What economic change during the Renaissance made bankers more important?
Craftspeople set out signs to advertise their wares.
Florence was a powerful city-state during?
during the 13th century, renaissance
Who became powerful during the renaissance?
the family De Medici
Leading patron of Florence?
The Medici banking family was the leading patron of Renaissance Florence.
