How did this affect Portugal's trade?

Answer 1

A decline in trade is the effect of the success of Portuguese trade on other European nations in general and on the Italian city of Venice in particular.

Specifically, Venice is located on the northeastern side of the Italian peninsula. It therefore represents one of Europe's most convenient and hallowed meeting points, by land and water, for traders from the West and those from the East. The Portuguese land routes through, and sea routes around, Africa served as major competition to accessing the products of such exciting, exotic Eastern countries as modern-day China and India.

Answer 2

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