If
We May Believe Sir John De Mandeville, Their Merchants Frequently Went To
The Island Of Ormus And The Persian Gulf, And Sometimes Even To Cambalu.
By
their enterprize the Indian trade was almost entirely in their possession;
and they distributed the merchandize of the East among the nations of the
north of Europe, through Bruges and the Hanseatic League, and traded even
directly in their own vessels to England.
In the beginning of the fifteenth century, the annual value of the goods
exported from Venice amounted to ten millions of ducats; and the profits on
the home and outward voyages, were about four millions. Their shipping
consisted of 3000 vessels, of from 10 to 200 amphoras burden, carrying
17,000 sailors; 300 ships with 8000 seamen; and 45 gallies of various
sizes, manned by 11,000 seamen. In the dock-yard, 16,000 carpenters were
usually employed. Their trade to Syria and Egypt seems to have been
conducted entirely, or chiefly, by ready money; for 500,000 ducats were
sent into those countries annually: 100,000 ducats were sent to England.
From the Florentines they received annually 16,000 pieces of cloth: these
they exported to different ports of the Mediterranean; they also received
from the Florentines 7000 ducats weekly, which seems to have been the
balance between the cloth they sold to the Venetians, and the French and
Catalan wool, crimson grain, silk, gold and silver thread, wax, sugar,
violins, &c., which they bought at Venice. Their commerce, especially the
oriental branch of it, increased; and by the conquest of Constantinople by
the Turks, the consequence of which was the expulsion of the Genoese, they
were enabled, almost without a rival, to supply the encreasing demand of
Europe for the productions of the East. Their vessels visited every port of
the Mediterranean, and every coast of Europe; and their maritime commerce,
about the end of the fifteenth century, was probably greater than that of
all the rest of Europe. Their manufactures were also a great source of
wealth; the principal were silk, cloth of gold and silver, vessels of gold
and silver, and glass. The discovery of a passage to the East Indies by the
Cape of Good Hope, the powerful league of Cambray, and other circumstances,
weakened and gradually destroyed their commerce and power.
We have said that they supplied almost, without a rival, the demand in
Europe for the produce of the East. That rival was Florence: the success of
her merchants in a new branch of commerce has been already noticed. The
profits they derived from lending money on interest, and from negociating
bills of exchange, aided by their profits on their manufactures, for which,
particularly those of silk and woollen, they were celebrated so early as
the beginning of the fourteenth century, had rendered Florence one of the
first cities of Europe, and many of its merchants extremely rich. In the
year 1425, having purchased the port of Leghorn, they resolved, if
possible, to partake in the commerce of Alexandria. A negociation was
accordingly opened with the sultan: the result of which was, that the
Florentines obtained some share in the Indian trade; and soon afterwards it
appears that they imported spices into England. It is supposed, that the
famous family of the Medici were extensively concerned in the Indian trade
of Florence. Cosmo de Medici was the greatest merchant of the age: he had
agents and money transactions in every part of Europe; and his immense
wealth not only enabled him to gratify his love for literature and the fine
arts, but also to influence the politics of Italy, and occasionally of the
more remote parts of Europe. In the time of Lorenzo de Medici, about the
close of the fifteenth century, the commercial intercourse between Florence
and Egypt was greatly extended. Florence, indeed, was now in the zenith of
her prosperity; after this period her commerce declined, principally from
the discovery of the Cape of Good Hope.
In these brief notices of the commerce of the principal Italian states,
Venice, Genoa, and Florence, in the days of their greatest glory, we have
purposely omitted any reference to the other states, except stating a fact
or two relating to Amalfi and Pisa, during that period, when they nearly
rivalled the three great states. It will be proper, however, to subjoin to
this account of Italian commerce, as it existed prior to the discovery of
the Cape of Good Hope, some important facts respecting Amalfi, Pisa, Milan,
Modena, &c., in order that our sketch, though necessarily brief, may not be
deficient.
A great rivalship existed between Pisa and Amalfi in the twelfth century,
arising chiefly from commercial jealousy; and this rivalship leading to
war, Amalfi was twice taken and pillaged by the Pisans, who, indeed, during
the zenith of their power, had repeatedly triumphed over the Saracens of
Africa and Spain. Amalfi, however, soon recovered; but we possess no
memorials of her commerce after this period, which deserve insertion here.
Her maritime laws, the date of which is uncertain, seem to have been
generally adopted by the Italian states.
Towards the end of the twelfth century, the power and commerce of Pisa were
at their height: it partook, with Genoa and Venice, of the advantages
derived from the trade of Constantinople. In the beginning of the next
century, however, we find it became a mere auxiliary of Venice. Its
subsequent wars with Genoa, and the factions which arose within its walls,
reduced its commerce so low, about the middle of the fourteenth century,
that nothing respecting it worthy of notice occurs after this period.
The wealth derived by Florence from a traffic in money has been already
noticed. The example of this city was followed by Asti, an inland town of
Piedmont, Milan, Placentia, Sienna, Lucca, &c. Hence the name of Lombard,
or Tuscan merchant, was given to all who engaged in money transactions. The
silk manufacture was the principal one in Italy; it seems to have been
introduced by the Venetians, when they acquired part of the Greek empire.
In the beginning of the fourteenth century, Modena was the principal seat
of this manufacture; soon afterwards Florence, Lucca, Milan, and Bologna,
likewise engaged in it.
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