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Merchants from what two Italian cities gained a monopoly over trade with the east?
Wiki User
∙ 12y ago
Genoa and Venice
Wiki User
∙ 12y ago
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Who gained a monopoly on the Spice Trade?
The Spice Trade was a two-part endeavor. Arab merchants went to the Indian subcontinent or sailed to Indonesia to buy spices from local merchants and brought them to the Levantine ports like Jaffa, Tyre, Sidon, and Byblos. Or, they would be brought to the major Turkish cities like Istanbul and Bodrum. At all of these port cities, Venetian merchants would purchase the spices from the Arab merchants and redisperse them in Venice to various European States. As the Venetians were the most effective shipbuilders in the Mediterranean, they prevented the rise of any European attempting to cut into the trade. (Venice is now part of Italy, but it was independent until the 1800s.)
How did economic changes affect Europeans?
1. Merchants gained wealth, and the middle class prospered. Nobles did poorly, as the land they owned brought fewer benefits. Peasants either felt little change or suffered, falling into poverty. By the 1700s, European societies were still divided into distinct social classes. Merchants who invested in overseas ventures developed wealth, while the price revolution hurt nobles, whose wealth was in land. Economic changes took generations, even centuries, to be felt by the majority of Europeans, who were still peasants. The merchants and skilled workers of Europe's growing cities thrived. Middle-class families enjoyed a comfortable life. In contrast, hired laborers and those who served the middle and upper classes often lived in crowded quarters on the edge of poverty.
Why does the government carefully monitor horizontal mergers?
Horizontal mergers are closely monitored by the government to prevent a monopoly from being created when the companies merge. Huge benefits can be gained by the merged companies when a competitor disappears from the same market and for the consumer the prices are driven upwards, which can be bad news.
What is the opportunity cost of leisure?
Wages/utility gained from working.
What country gained its independence from Britain in 1960?
Cyprus
Where did Italian patrons acquire their wealth?
They were by and large Merchant Princes, nobleman who had gained concessions to have a monopoly in certain areas of trade. Artistic patronage was a matter of prestige.
Who gained a monopoly on the Spice Trade?
The Spice Trade was a two-part endeavor. Arab merchants went to the Indian subcontinent or sailed to Indonesia to buy spices from local merchants and brought them to the Levantine ports like Jaffa, Tyre, Sidon, and Byblos. Or, they would be brought to the major Turkish cities like Istanbul and Bodrum. At all of these port cities, Venetian merchants would purchase the spices from the Arab merchants and redisperse them in Venice to various European States. As the Venetians were the most effective shipbuilders in the Mediterranean, they prevented the rise of any European attempting to cut into the trade. (Venice is now part of Italy, but it was independent until the 1800s.)
Merchants challenged the Church's ban on usury Explain why merchants would oppose this policy?
Because the merchants gained profit from it.
As a result of the opium wars british merchants gained access to?
great Britain gained what? as a result of the opium war was?
How Italian city states achieve importance and develop politically?
Italian cities gained importance primarily through trade. This is evident by the huge trading monopolies conducted by Venice and Genoa during the late Middle Ages and the Renaissance era.
What changes did industrialization bring about for wealthy merchants?
they gained wealth, gained status in society, joined a growing middle class for skilled workers
What changes did industrialization bring about wealthy merchants?
they gained wealth, gained status in society, joined a growing middle class for skilled workers
What changes did industrialization bring about for the wealthy merchants?
they gained wealth, gained status in society, joined a growing middle class for skilled workers
What changes did industrialization bring to wealthy merchants factory owners shippers?
Merchants, shippers, and factory owners all gained wealth during the industrial revolution. They also gained status in society, and it also ended with a larger middle class of people.
What changes did industrialization bring about to wealthy merchants factory owners shippers?
Merchants, shippers, and factory owners all gained wealth during the industrial revolution. They also gained status in society, and it also ended with a larger middle class of people.
What was gained from the first crusade?
Jerusalem was one of the cities gained during the First Crusade but that is all I know.
Who gained control of Libya and Somaliland?
During the 1920's and 30's, the Italian government gained control of Libya, Somaliland and Eritrea.
