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Venice (Rise of Venice (Political Factors (Reforms in the Government…
Venice
Rise of Venice
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Economic Factors
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Industrial Development
Trade related Industries
Ship-building Industry
- This industry benefited from the expansion of trade
- Shipbuilders were concentrated in a new location, Arsenal, in 1100
- Arsenal handled all aspects of ship-design, building, outfitting and maintenance.
- Arsenal produced large amounts of galleys
- This industry, thus, helped facilitate trade as more ships were built and the ships were well maintained to concentrate on trade purposes, bringing in more revenue for Venice
Manufacturing Industries
- Glass making
- Manufacturing of soaps and candles came about as the demand for goods rose
- The printing industry was set up to cater to the needs of a large reading population.
- These new industries provided more jobs for the Venetians, and also drew foreign talent such as skilled craftsmen from parts of Europe, to contribute to Venice. The various industries also meant diversifying of the economy so that the Venetian economy would be maintained should certain sectors of the economy be weakened
Innovative Practices
Double-Entry Bookkeeping
- This enabled more accurate recording of business transaction
Giro-Banking
- This meant that business men need not carry large amounts of money for their business
- They could request for the banks to transfer money from the buyer's account to the seller's account
Trade was further facilitated with greater convenience by these practices. Venice's credit was seen as reliable and reputable, This boosted the confidence of foreign traders with the Venetian traders even more and the economy prospered further
Fall of Venice
Internal Threats
Social
Social Challenges
- Venetians were more interested in maintaining wealth and security.
- People became lazy , complacent and started taking the good life for granted.
- They became more distracted from their daily duties and were not efficient at work.
- The rich and poor alike indulged in the pursuit of leisure and gambling
Venice seemed to lose its vitality and strength. This saw the further decline of Venice's productivity and economy
Political
Corruption in the Government
- To finance the war with Ottomans and neighboring states, the Venetian government suspended the salaries of Civil servanrs
- This led to citizens being poorer and were willing to sell their votes at a high price
- Leadership was now determined by how much the nobles could afford to pay to be elected.
- The Venetians also sold positions to raise funds during times of crisis
How did Venice respond
These corrupted practices meant incompetent leaders were filling in positions. Government became inefficient as it did not seem to serve in the interest of Venice. Hence, wrong decisions made would eventually harm the state
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Incapable leaders
- Due to the black plague, Venice faced the threat of a shrinking population.
- A small group of rich nobles dominated the government
- With power in the hands of a few, corruption rose
- Nobles regarded officer as a matter of personal glory rather than service to Venice. Thus, the welfare of Venice was neglected
Some nobles were not competent or rightly suited for the role in government. For example, Antonio Grimani, a financier who has been appointed as a noble during the war against the Ottomans. However, he had no experience for war.How did Venice respond
- Unfortunately, Venice failed to respond to this challenge
Due to the lack of competency in the Venetian army and navy, Venice suffered heavy losses against the Ottomans. Therefore, wrong policies and decisions made by these incapable leaders proved detrimental for the progress of Venice
External Threat
New Trade Rivals
Bypassing Venice
- Dutch East India Company bypassed Venice to go to the east directly to get their supplies
- British East India Company brought cotton and pepper from India and Tea and Porcelain from China
- This affected Venice position as a Entrepôt port
Others thus did not have to rely on Venice to get these goods which meant less trading opportunities for Venetian traders. This naturally saw their businesses suffer and a decline in the EconomyHow did Venice respond
- Venice imposed a protectionist policy by enforcing higher duties on foreign traders
Unfortunately, the higher taxes made it costly for foreign traders to trade with the Venetians. Venice hence saw the loss of trading partners as many were outraged by Venice's protectionist policy and refused to trade further
Better ships
- The Dutch and British also had better designed ships, financial resources and were able to negotiate for favorable trading rights in new ports
*They thus pose a grave competition to Venice who previously were beneficiaries of such trading privilegesHow did Venice respond
- Venice began imitating the designs of the ships
However, they lacked the skills to operate these new ships
League of Cambrai
- Large and powerful European states formed a military alliance in 1508 against Venice
- It's aim was to reduce the power of Venice and divide Venice's territories among themselves
How did Venice respond
- Without a proper army, Venice was militarily weakened by these battles
- Many territories fell, leading Venice to hire Mercenaries to aid them in battle
These decisions proved to be costly and further drained Venice of its financial resources
The Ottoman Empire
- The Ottoman empire began to expand its influence in the 13th Century
- This led the Ottoman empire to be Venice's greatest competitor for maritime control
- Venetian territories were also attacked by the Ottomand
How did Venice Respond
Make use of Galleys
- Galleys, which were originally meant for trade purposes, were now used to fight
- Therefore, these Galleys can no longer be used for trading and resulted in a loss of revenue
- 2 other wars with the Ottoman empire also drained Venice's resources
Venice, thus, could not channel these resources elsewhere for its development
Containment of Power
- Venice tried to contain the power of the Ottoman by balancing the power of the Ottoman and its European Neighbors
- This led to deep resentment and hostility from the Europeans
- Thus, Venice was left alone to fight the Ottoman
- No military support was render
Thus, Venice was crippled in its defenses and further weaken from its many battles and defeats
Discovery of New trade Routes
- The 15th Century was the beginning of an age of exploration and discovery
- Portuguese explorer, Vasco da Gama, discovered a new sea around the Cape of Good Hope.
- This allowed a straight path to India to buy spices
- This destroyed Venice's monopoly of the lucrative spice trade and middle man role
This reduced large profits for Venetian traders who previously relied heavily and earned from this trade. This eventually weakened Venice's economy even moreHow did Venice respond
- Venice still manage to function as a trading centre and supplier of Mediterranean goods to cities like Lisbon.
- Glassware was still in high demand from both East and West
- Venice also expanded trade to the North sea region
- Venice maintained links with England
Involvement in the Mainland
- Main land states had been providing Venice with food and water for its growing population and expanding industries
- However, there was rivalry in the mainland states
- This endangered the overland trade routes Venice depended on for its trade
How did Venice Respond
- Venice tried to achieve a balance of power through alliance with opposing states
However, the act of switching alliance meant that it was vulnerable to attacks should negotiations fail. Some of these states distrusts Venice. Therefore, they were wary and hesitant about trading with Venice, disrupting Venice's trade and profit making