In the 12th century, the Medici family transitioned from their humble origins in the Tuscan village of Cafaggiolo to become one of the most influential families in Florence. Initially benefiting from economic opportunities available to the lower classes, they ascended the social hierarchy. Their ascent was significantly bolstered during the economic depression of 1340, when the bankruptcy of other powerful families allowed the Medicis to secure their position among Florence's elite.  Read moreSection: NewsVideosHistoryRead Later