Historical event

Rise of Banking Systems

Date: Late 14th Century

The emergence of modern banking systems in Renaissance Italy, particularly through the Medici Bank and other Italian banking houses, establishing fundamental principles of international finance, credit, and monetary exchange that would shape global commerce.

Tags: banking, medici bank, renaissance, italy, florence, financial systems, credit, loans, international finance, money exchange, merchant banking, commercial finance, economic revolution, capitalism, financial institutions

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