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The city of Florence historically depended on several key industries, including banking, textiles, and trade. The banking sector, particularly during the Renaissance, was vital, with families like the Medici playing significant roles in finance and commerce. Textile production, especially wool and silk, was another cornerstone of Florence's economy, driving trade both locally and internationally. Additionally, the city benefited from its strategic location, facilitating trade routes that connected various regions.

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4d ago

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