ECON 3R03 Lecture : Genoa.docx
30 Jan 2013
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Document Summary
Initially engaged in piracy against arab shipping in the mediterranean, and raided north. They would raid and attack muslim ports in africa. Evolved into a trader, connecting italy and palestine and syria. Supported paleogus in the capture of constantinople. The paleologus dynasty would hold it until the turks. The genoa was the first mediterranean power to establish routes to england and flanders. Exchange of eastern goods for cloth and raw and wool (produced in italy) Would lead to the end of the champagne fairs. Their wealth was 7 x the wealth of the french monarch. The wealth of venice and genoa, along with that of pisa and florence, would later fund the. Renaissance (they would have become wealthy by trade. Islamic and christian merchants routinely dealt with each other. Christians often worked as clerks for arab merchants. Hindu/arabic numerals and place value arithmetic reach europe through this channel.
