What were the key elements and financial innovations that made Florence and Venice financial centres of the world?

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asked Oct 7, 2016 114k views

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Thomas Druez · Answer 1 · 2016-10-13T08:54:14+0000

The most important element in terms of places like Florence and Venice financial centres of the world was that these two cities had large amounts of capital, which was used to make loans and carry interest.

What were the key elements and financial innovations that made Florence and Venice financial centres of the world?

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