Banks During The Renaissance Era

In the same way, the Renaissance Era introduced the formation of banks, thus a new economic system, and the beginning of an urban movement. In the Medieval Ages some people used to exchange goods instead of using money to buy them. However as trade increased and city-states like Venice took place on the trade routes, people began to use money to buy their goods, which created a monetary economy. Exchangers arose because people needed to change from one currency to another. Craftsmen, merchants, and bankers became important. Craftsmen made the goods, merchants traded them, and bankers exchanged and loaned money, and provided funding for business. The banks, and bankers provided funding for many buildings, and some of them provided art, making