Now each city-state had a product that made them prosper. For Florence it was cloth, Milan arms, but Venice and Genoa became extremely rich of off trade. That would be why the wealthiest city-state was Venice. That is because they were excellent shipbuilders, sailors, and merchants. They figured out how to trade with the biggest economic power in the region, the Ottomans. They created most their profit from trading paper to the Ottomans. Another way they turned a profit was with the highly sought after Florentine textiles due to the textiles vibrant color that was dyed with alum. Now they could only get this chemical for the Ottomans until 1460. That was when the Pope's godson found alum in Italy and they started to mine the alum. The family in charge of the alum mining rights were the Medici.
The class of people who most benefitted most from this were the merchants. During this time merchants had few opportunities to expand their business due to Italy being tightly packed. They could not franchise and build new businesses so they pursued art. What they got out of that was paying people to create. This led to a wealthy merchant class in each Italian city-state. Their wealth soon lead to them dominating politics.
The renaissance was a time of great and immeasurable change within all aspects of European life; so much so that it could be seen as beginnings of our modern western society. Leading this revitalization in culture and society in Europe’s historical development were to the two of the most dominant states of renaissance Italy, Florence and Venice. These small city-states were the powerhouses of the time and assisted speeding up the renaissance and helped spur revolutionary developments along the way being the main hubs of influence in the Italian peninsula during the late 13th and early 16th century. Florence could be characterized as a financial centre, with their banking system considered extraordinarily ahead of time; in addition being the main producers of fine elevated their chances to conduct successful trading ventures. Venice was considered one of the largest centers of trade being a coastal city of the shores of the Adriatic Sea, which allowed for prosperous trade with what was then considered the Eastern world; the city was also well known for their quality in ship building as well which likely contributed to them being a large naval power in the region. Now due to fact that both city-states were two different sovereign parts of Italy meant having two different approaches and views on or about a multitude of ideas. To understand the impact of Florence and Venice, the two very influential and affluent republics in renaissance Italy, it is crucial to analyze their over
History and Structure of Venice Problems with format ?Venice is one of the most fascinating places to travel in Europe.? Its intrigue lies in its unique beginnings, its dominant past, and its remarkable people and their buildings.? Its foundation is unique because of the need for protection that drove the early Venetians to their new home and the location of this new dwelling-place:? ?Rarely in human history has a vigorous and progressive civilization arisen in a less likely place than the mud flats of the Venetian lagoon.?1? Venice rose to power by its domination of the sea and reached its climax during the years of the Renaissance.? It is during this time period that it truly became ?the bride of the Adriatic and the unchallenged
Italy became the center of the Renaissance for one reason: money. It was necessary for a society to be wealthy in order to support artists, for they were paid only through patronage. Patrons were the people, or organizations, that would pay artists and scholars to work for them. Italy was certainly the richest nation in Europe. The country generated wealth through two different forms. Its city states were industrial powerhouses, each with its specific product. Florence made cloth, Milan made arms, and Venice, the most economically successful Italian city state, profited from trade.
This article that was wrote about the Renaissance is a mix of sources from books and scholarly articles and they are fully cited. The reader could get a lot of information based on the reading. The article has some
In Medieval Europe, Venice emerged as the trading center of the Mediterranean. Situated on the Adriatic Sea, merchants flocked here from all corners of the Old World. Venice served as a link from mainland Europe to the Middle East and farther eastward into Asia, and as a result Venetian commerce
Figure 8 D S1 S price of houses P1 P 3 Answer A A tax can be used to ensure that those who generate harmful effects pay for them rather than third parties. 4 Answer B Public goods cannot be left to market forces as they are non-rival and non-excludable. A and C refer to merit goods and D to demerit goods. 5 Answer B More training, if in appropriate areas, should enable workers to move more easily from declining to expanding industries. A would help to reduce geographical immobility. C and D would be likely to increase demand and employment. 6 Answer B The socially optimum output is where MSB equals MSC, at point W. To achieve this output costs need to rise to incorporate external cost. The marginal external cost at W is represented by the gap between MSC and MPC.
Williams explains why greed has become a problem for America, wealthy individuals in particular because of their ethical background Stephane Cote of the university of Toronto’s Rotmon School of Management stated “we found a trend that upper class individuals-people who have the most money, the most income, the best education and the most prestigious jobs have a tendency to engage in less ethical behavior.” Dr Paul Piff at the University of California contends that wealthy people are more likely to lie, cheat and break the law for personal gain without compunction. Greed would best describe these wealthy individuals that involve themselves with crime and break the law for personal gain such as theft when it is completely unnecessary for
The people of Renaissance were composed of four social classes, the nobles, the merchants, the tradesmen, and the unskilled workers (M. 2016). Nobles lived on large estates outside the city walls. Nobles controlled and owned most of the city’s land (M. 2016). They served as royal advisers, politicians, and military officers (M. 2016). Nobles gained wealth in industries like wool processing, shipbuilding, and banking (M. 2016). Merchants were often out to protect their wealth by controlling government and marrying into noble families (M. 2016).
The economic growth during the age of the Renaissance was a turning point for Europe, leading it away from the horrible conditions, which existed in the Dark Ages, into becoming a great economic region. Wealth from trade and
Every time I say the word paradigm I think of Bob Proctor. He has been a huge asset to my development because he has made me think in a way that no one else has. He is the master mind behind “The Secret” and the secret that I found buried deep within my subconscious. The Optimist Creed has been one of the major keys to my growth.
Although the central themes of the Italian Renaissance and Northern Renaissance varied, there was a shared common ground, and each reflected worldliness in unique ways. Firstly, the Italian Renaissance placed a higher emphasis on the enjoyment of and indulging in worldly goods. Famous Italian humanist, Leon Battista Alberti, claimed that money is “the root of all things” and that while it is great to know how to make money, “it is even better to know how to spend it sensibly and in the right place” (102, 580).
Letter to Posterity The Plague devastated Europe. In it’s wake economy shook then surged forward. Spurred on by the revival of economics in the towns capitalism was born. “Capitalism is reinvesting profits gained from investing capital (Pavlac, 185)” profits were reinvested by spending money. This change in
In this economic system, what will The doubts remain, and the case retains its interest. Do we know what constitutes sufficient reason to attribute “responsibility to any person, company, or set of conditions? What kinds of risks do we assume when buying a car, or a motorcycle, or a can of tuna fish?