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The original was posted on /r/todayilearned by /u/Ainsley-Sorsby on 2024-12-15 12:01:32+00:00.

Original Title: TIL Facing a major banking and public debt crisis in 1340, Florence elected an executive council consisting of a butcher, a used cloth salesman, a dyer, a notary and a member of the Machiavelli family. They saved the state by enacting a radical plan of restructuring and re-funding the public debt