They charged interest on loans to merchants.
The Medici family was involved in the banking and wool trades. Due to the enormous success of both businesses, the family saw tremendous wealth accumulation. Giovanni de Medici first brought the family to prominence in Florence by founding the Medici bank.
The Medici family was involved in the banking and wool trades. The Medici family's wealth and power were largely due to the Medici Bank. As a result, they rose to become one of the richest families in all of Europe.
The Medici family is one of the most important and prominent dynasties in European history. They created cutting-edge banking methods and laid the groundwork for Florence to evolve into a major cultural hub. Through their political strategies and backing of significant High Renaissance inventors, such as Michelangelo,
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