The Rise and Fall of Public Debt in Italian City-States
Explore how Italian city-states developed complex systems of public debt to finance wars, economic growth, and state activities in the late medieval period.
Explore how Italian city-states developed complex systems of public debt to finance wars, economic growth, and state activities in the late medieval period.
Florence faced a severe economic crisis in the 15th century due to its enormous debt burden from incessant war and military expenditures.
Discover how the Medici family's banking and commercial activities led to their rise as patrons of the arts and architects of Florence during the Renaissance.