The Renaissance period in Florence in the 15th century was marked by the reign of Lorenzo, a member of the famous banking and trading family Medici. Thanks to his grandfather Cosimo, he was greeted by an already secured throne and a vastly rich treasury of the city. Surrounded by humanists and Renaissance geniuses, he acquired the necessary knowledge and skills to perform the duties of a ruler. With the learned knowledge and with his intelligent nature, he will be able to lead the political, but also the economic image of Florence. Crises in rule such as the revolts of the citizens of Volterra, Pazzi's conspiracy, disagreements with the papacy and the Kingdom of Naples will be resolved by his diplomatic skills. Politics in Florence was left to the Signoria and the Council of the Seventy where his family had a majority. Opposing the authorities was very difficult because Lorenzo had his informants as well as enough money to take care of high opponents. There were not many places for crimes, robberies and murders among the well-established order and security. In addition to political and economic engagement, he devoted much of his time to culture which would contribute to his nickname Magnificent. He continued the family tradition of patronizing the arts. His time marks a golden age for gifted individuals because he spread and supported all kinds of art through his influence. Literature, architecture, sculpture and painting have risen to unprecedented levels. Florence will be called the cradle of the Renaissance. She enjoyed the position of a giant art workshop that became a benchmark and role model for all other cities on the Italian peninsula.