Question

Which city was considered the financial center of Europe during the 16th century? Explain.

Answer 1

Answer:

Antwerp

Explanation:

It  was the richest city in Europe during the 16th century for many foreign merchants lived here in the so called "Age of Exploration".

The city grew to become the center where hundres of ships came bringing goods from distant lands. Portuguese ships also loaded and laded commodity goods.

The banking system established providing trust for merchants to foster further economical activity. The banking was made available to all peoples from all lands.

Antwerp became a cosmopolitan center where aristocrats and bankers lived in conditions that were favorable to their activities and attracted a wave of migrants.

 Jewish merchants came from Spain and Portugal further fostering the economy .