The fortune derived from the banking house founded by Giovanni de' Medici (c.1360-1429), with sixteen branches in the cities of Europe, was expended on this promotion of culture, especially by the two most distinguished members of the family, Cosimo, Giovanni's son (1389-1464), and his grandson Lorenzo (1448-92), who in their own gifts as men of finance, politics and diplomacy, their love of books, their generous patronage of the living and their appreciation of antiques of many kinds, were typical of the universality that was so much in the spirit of the Renaissance.


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