Florence is the Tuscany region’s capital city, a historic economic hub and the birthplace of the Italian Renaissance. Flourishing as a banking city, Florence gave rise to dynamic means of financial innovation such as a bill of exchange and double-entry bookkeeping systems. The success of Florence’s banking systems gave rise to prominent merchant-class families such as the Medicis, who patronized the creation of many styles of art which led to the Italian Renaissance. The prosperity of the city during the Italian Renaissance paved the way for the rise of many styles of Florence art and architecture.
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