The Birth of Government Bond Markets and the Financing of War
Discover how government bond markets emerged during the Italian Renaissance to finance war, transforming the art of war and modern finance.
Discover how government bond markets emerged during the Italian Renaissance to finance war, transforming the art of war and modern finance.
Learn about the Medici revival in Florence during the 16th century, where the family's power was revived after considering alternatives like Savonarola.
The Medici banking empire rose to power in 15th-century Italy through innovative use of bills of exchange, a system that allowed merchants to transfer value without physical currency.