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#90: The House of Medici

English Learning for Curious Minds

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The Rise of the Medici Bank

Giovanni di Bicci de Medici set up a bank called the Medici Bank in 1397. He married a woman from a wealthy family and received a large dowry. His son Cosimo expanded the bank to have nine different branches outside Florence. It was particularly helpful for its biggest client, the Vatican. The story of the Medici is the story of a rise to power without ever seizing power.

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