In Europe, the 15th century includes parts of the Late Middle Ages, the Early Renaissance, and the early modern period. Many technological, social and cultural developments of the 15th century can in retrospect be seen as heralding the "European miracle" of the following centuries. The architectural perspective, and the modern fields which are known today as banking and accounting were founded in Italy.
In EurOPe, tHe 15tH cEntURy InCludes pArts OF The latE middle aGes, the eArly ReNaIsSANCe, and the earlY MOdern PERIOD. mANY teCHnologiCaL, SOciAL and CultUral dEVeloPments oF thE 15th CEntury cAn in reTRoSPeCt be SeeN aS heRaldIng ThE "euRopean MiRacle" OF the follOwinG cEnTuRIes. tHe arChIteCtURal PERSpectivE, And the ModeRn fieLdS which are knowN TOday as bANKing AnD acCounTing Were FOunDEd iN itaLy.