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The palaces and the art they commissioned still amaze visitors from all over the globe. Their propensions to risk-taking and their innovative approach set the course of the European economy for centuries to come while their investments in the field of arts and architecture propelled the artistic development of the city to reach unparalleled heights. This unprecedented growth would have never been possible without the industriousness of the Florentine corporations and the tremendous ingenuity of its bankers, such as the Medici and the Strozzi, the Bardi and the Peruzzi. Throughout the 13th century the city established itself as Europe’s greatest financial hub and transformed its currency – the Florin – into one of the main pivots of the Medieval economy.
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Not everyone knows that, in addition to being the cradle of the Renaissance, Florence has also played a crucial role in laying the foundation of the world’s modern banking system.
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Although they might not have known it themselves, the arts have definitely proved to be the best investment made by the Florentine bankers of the Middle Ages and Renaissance.
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