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It also served as origin of the economic development and integration of the rest of Europe during the Middle Ages. Venetian might reached its peak during the 15th century when the city-state monopolized the spice trade from India, through the Arab lands, using exclusive trade agreements.
In the 12th century, the republic built a large national shipyard that is now known as the Venetian Arsenal. Building new and powerful fleets, the republic took control over the eastern Mediterranean. The first exchange business in the world was started in Venezia, to support merchants from all over Europe.
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Sep 30, 2013 · ABSTRACT. The decline of Venice remains one of the classic episodes in the economic development of modern Europe. Its contrasts are familiar enough: the wealthiest commercial power in fifteenth-century Europe, the strongest western colonial power in the eastern Mediterranean, found its principal fame three centuries later in carnival and the arts.
- Brian S. Pullan
- London
- 1969
The great expansion of Venetian trade began in the 12th century and the need for a stable currency became increasingly urgent.
Summary. The Venetians had a substantial stake in the local trade of the Byzantine empire and provided essential naval assistance. The chrysobull of 992 was a confirmation of existing privileges and practices.
- Michael Angold
- 2021
Mar 3, 2021 · Until the sixteenth century, the economic fortunes of Venice were maintained thanks to her military and financial power; as new powerful and aggressive European competitors emerged, the Venetian merchants coped with increasing difficulties in overseas markets.
Venetian Republic, Gino Luzzatto's Storia economic di Venezia is a major synthesis and provides us with a standard authority for the period I200-I5I7. Periodization is a problem which cannot be ignored in such a synthesis in economic history. Of course an author might decide that division by periods is less useful than division by topics.
