During the 12th century manufacturing armors was the main industry in Milan. Then agriculture started to gain importance which in future marked the fertile region of Lombardy. The wool trade also started developing around the same time giving the impetus for production of silk. Creation of fashion and luxury goods was of much importance even then which in effect granted the name “milaner” which was later formatted to Milan. Milaner was an adjective used to describe opulent goods such as clothing, hats, jewelry, hats, etc. The industrial revolution gave a new lease of life to Milan wherein Northern Milan went under a transformation with carriage of goods through the Alps and mills. With Asian silk being imported and silk and wine production infested with pests, agriculture took a back seat with industrialization coming in the forefront.
Today’s Milan economy is characterized by textile and garment manufacturing, automobile, chemicals, industrial, machinery, and publishing industry. The city is a base for some of the leading designers in the world like Armani, Gucci, Prada, & Versace.