Cosimo de’ Medici: Banking Powerhouse of the Renaissance

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Cosimo de’ Medici was an Italian man who was around during the Renaissance. He was one of the sons of Giovanni di Bicci. He was born on September 27, 1389 in Florence, Italy. He was a member of the house of Medici, who gained wealth and power in the 13th century through their success in commerce and banking. In the 15th Century the Medici bank was the most important financial institution in Europe. Cosimo’s work with the bank was influenced the renaissance: He made the bank “peak,” got arrested and impacted the renaissance.

Cosimo de' Giovanni degli Mèdici was the main reason why the bank hit its “Peak.” This happened because he traded with the right people. during this time, Florence was divided into two classes. There was the middle

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