Italy was the most advanced of europe, far behind iraq.
The Catholic church surpressed a lot, especially by not allowing their people to charge interest on loans. Venice had jews who were forced to live in an out of sight gheto but were allowed to charge interest to the catholics. The jews at the time were only supposed to charge interest to gentiles so it worked out, but wtf? It sounds so silly today.
But then the ruthless Medici crime family created the first bank, then they got super rich trading currencies and were more legitamit from then on.
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