Trade was crucial to the wealth and influence of Italian city-states like Venice and Genoa, which controlled key trade routes in the Mediterranean.
How did the Italian city-states contribute to economic growth in Europe?
Italian city-states acted as commercial hubs, connecting Europe with the Middle East and Asia, leading to increased wealth and the spread of luxury goods.
What was the significance of the banking system in Italian city-states?
The banking system in Italian city-states, particularly Florence, revolutionized finance and supported economic growth across Europe.
How did geography influence the trade success of Italian city-states?
Geography, such as Italy's position in the Mediterranean, allowed city-states like Venice and Genoa to become central trade intermediaries between Europe and Asia.
What goods were commonly traded by the Italian city-states?
Italian city-states traded a variety of goods including silk, spices, wool, and art, which were exchanged with European and Asian markets.