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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.)
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Merchants from what two Italian cities gained a monopoly over trade with the east?
Genoa and Venice
What is a fur trade monopoly?
a fur trade monopoly is the control over fur
What does monopoly of trade mean?
a fur trade monopoly is the control over fur
What id the Italian trade monopoly?
The Italian Trade monoply accoured during the three worlds meet [Europe Africa and North America]. They would trasde goods. Per-say a special spice to be brought from Africa to Europe. It would travel from market to market until given to the buyer. If the price started at 1.50, it would be sold at 1.50 to the next market. But that market would bring up the price, maybe to, let's say, 1.75. Eventually the price of the spice's transportation from Africa to Europe would sky rocket, making a 1.50 priced spice go to 7.75. This is called the Italian Trade Monopoly; it made the Italians gain wealth but other's not. This made other countries angry, which of course led to the end of this trade- leading to more transportation on water to get these goods.
What is the monopolies?
Monopolies is the plural form monopoly. A monopoly is when a person or company has complete control of a supply or trade in a market.
Why did Italy have a monoply on the spice trade?
There was no water route to India. Italy have a monopoly on the spice trade because they had the only water route to India
Which was a result of Portugal's route in the spice trade?
Italy lost a monopoly
Which was the result of the water route in the spice trade?
Italy lost a monopoly
Which was a result of portugals water route in the spice trade?
Italy lost a monopoly
Merchants from what two Italian cities gained a monopoly over trade with the east?
Genoa and Venice
Why did Venice and Portugal have an absolute monopoly on the spice trade?
Venice did because all the trade routes went right through it. I don't know about Portugal.
How did the portuguese control the spice trade?
They discovered the Southern Route to the Indian Ocean, via Cape Hope, established trading enclaves at Indian Ocean Ports like Macau, and enforced their trade monopoly with Cannon, Ships, and Fortifications. They were tough, able, Mariners and Traders and they broke the Spice Monopoly belonging to the Arab Traders before them.
Who controlled the spice trade in the Indian Ocean before the Portuguese gained controlled?
Marco Polo and his trading company
What monopoly did Italy have in the 1300s?
In 1300 Italy was not yet a state , but a myriad of independent feudal seignories, city states, maritime republics, the States of the Church and states subject to foreign monarchies. Therefore Italy as a whole had no monopoly. The Maritime Republics of Genoa, Venice, Pisa had the monopoly of the maritime routes to the Mediterranean Eastern States, that means they had also the monopoly of the spice trade.
How did the Portuguese control the spice?
They discovered the Southern Route to the Indian ocean, via Cape Hope, established trading enclaves at Indian Ocean Ports like Macau, and enforced their trade monopoly with Cannon, Ships, and Fortifications. They were tough, able, Mariners and Traders and they broke the Spice Monopoly belonging to the Arab Traders before them.
What is a fur trade monopoly?
a fur trade monopoly is the control over fur
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.
