Final answer:
Florence's majority income during the Renaissance came from trade, driven by a dominant woolen textile industry and a robust merchant class.
Step-by-step explanation:
The majority of Florence, Italy's income during the Renaissance was from trade. The city's prosperity was significantly boosted by its woolen textile production, which was developed under the Arte della Lana, the dominant trade guild. High-quality textiles were produced using wool imported from Northern Europe and dyes from the East.
Additionally, Florence's economy was supported by a thriving merchant class who profited from both local and international trade, contributing to the cultural and economic conditions that facilitated the Renaissance.
The MAJORITY of Florence, Italy’s income during the Renaissance can be attributed to banking and trade. Florence became one of the wealthiest cities in Northern Italy, mainly due to its woolen textile production, which was developed under the supervision of its dominant trade guild, the Arte della Lana.
The city's accumulation of wealth among a growing middle and upper class of merchants and bankers contributed significantly to its prosperity.