The term "Medici" refers to a powerful and influential family in Florence, Italy, during the Renaissance period. They were known for their significant contributions to art, culture, and politics. The Medici family produced several notable figures, including Lorenzo de' Medici, a patron of artists like Michelangelo and Leonardo da Vinci. The Medici's wealth primarily came from banking, and they played a crucial role in the development of the modern banking system. Their influence extended beyond Florence, impacting the broader political landscape of Italy and Europe. The family's legacy includes the founding of the Medici Bank and their support for the Florentine Republic.