Political developments and overseas exploration had a profound effect on European trade. The Spanish prospered during the 1400s from trade in crafts such as leather processing and metalworking. Most online reference entries and articles do not have page numbers. Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Pick a style below, and copy the text for your bibliography. The Venetians controlled the flow of luxury goods and spices between Asia and Europe. Trade Goods. ." The della Torre family (or Torriani), leaders of the popular forces, took on the name of Guelf; the Visconti, another powerful Milanese family, headed the Ghibelline faction, which was backed by the aristocracy. Merchants could then transfer money over long distances without the risk and inconvenience of carrying coins.
The European Economy. Renaissance: An Encyclopedia for Students. The Netherlands, famous for its cloth products, developed an important banking industry during the late 1500s and 1600s. In the early 1400s the Ottoman Empire expanded westward, and Venice lost vital bases in the eastern Mediterranean. Manufacturing. Document in which Francesco Sforza, duke of Milan, granted commercial rights to Giovanni Merlo and his descendants, September 7, 1452; it allowed them to buy and sell goods in Milan. Nevertheless, people showed remarkable skill in adapting to change. Banks also simplified the handling of money by introducing bills of exchange, notes that allowed merchants to borrow or deposit money in one city, then repay or withdraw money in another city. This was the pretext for the intervention of Frederick I Barbarossa, who decided to bring Milan under the direct authority of the central imperial power of his Holy Roman Empire. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. Although Italy suffered a general decline in trade after 1500, it was still the main source for fine arts and crafts such as painting, woodcarving, sculpture, silver and gold objects, glasswork, and silk.
In the shadow of the struggle between the Torriani and the Visconti, the era of the signoria—government run by a signore, or lord—was born. The United States imports many different types of goods f…, The world has a long, rich history of international trade that can be traced back to early Assyrian, Babylonian, Egyptian, and Phoenician civilizatio…, Between 1340 and 1342, as a result of a series of victories over the Moors, Castille controlled the Straits of Gibraltar and reopened trading links b…, Economies of Scale and Economies of Scope, Economies of Ireland, North and South, since 1920, https://www.encyclopedia.com/humanities/encyclopedias-almanacs-transcripts-and-maps/economy-and-trade, Commercial Production: Interaction Among Peoples. By that date it had 400,000 inhabitants and was the largest city in western Europe. Then in the late 1400s the Portuguese discovered a sea route to Asia by sailing around Africa. However, Spanish agriculture, which depended on the labor of the Moors*, suffered heavily when the Moors were expelled from the country in 1492. The city’s sense of moral superiority—particularly the idea that the Milanese people were morally superior because of their positive work ethic—was reinforced as Milan ultimately became Italy’s centre of industry and finance, as well as the motor behind the country’s extraordinary economic development in the 20th century.
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