General History and Collection of Voyages and Travels - Volume 18 - By Robert Kerr














































































































 -  The
profits they derived from lending money on interest, and from negociating
bills of exchange, aided by their profits on - Page 250
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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.

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