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

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

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HistoryGuyid HistoryGuyid · Answer 1

HistoryGuyid HistoryGuyid

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.

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