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Why was economic prosperity a necessary precondition for the Renaissance???

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HaleyMay88 | 02:17 Tue 09th Feb 2010 | History
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Because new intellectual and artistic progress can't be made if everybody is busy trying to scratch a living.

It is however not enough on its own there was great economic prosperity in the meieval period - especially from the wool trade
Basically as Jake says. The various artists had to be paid and economic prosperity amounts to people having money in their pockets to invest in frivolous things like the arts.
Not to mention the need for the financial capacity to buy a lead pencil and have paper to draw on.

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