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Many scholars made huge breakthroughs in science and math, before that, people were relying on ideas from ancient texts.
People then started observing the world around them. Scientists started experimenting instead of relying on old books, the new analyzed data then improved the accuracy of information.
For example, a worker in the cloth industry/guild could also be involved in the real estate guild.
Florence also shifted to a money based economy. This helped along the bank industry, which resulted in the famous city becoming Europe’s banking hub.
People traveled far and wide here to convert their money (florins) so that it could be used anywhere in Europe. Florence then became richer than most kingdoms in Europe.
The Medici Bank Of Florence
We retrieved the money from the bank sir.