Latest / The Story of Italy: Rome, Renaissance, and the Birth of Modern Europe — Fexingo History
The Medici Bank: How a Family of Bankers Financed the Renaissance
In this episode, Lucas and Luna explore the rise of the Medici Bank, the financial engine behind the Renaissance. Starting with Giovanni di Bicci de' Medici, who founded the bank in 1397, we trace how the family used a network of branches from London to Constantinople to amass immense wealth. We dive into their innovative use of the bill of exchange, letters of credit, and double-entry bookkeeping. We also cover Cosimo de' Medici's political maneuvering, the bank's role in funding the construction of the Florence Cathedral's dome, and its eventual decline under…
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