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otez555 [7]
2 years ago
8

How did Italy become the first trade area?

Geography
1 answer:
Maurinko [17]1 year ago
5 0

The Fourth Crusade significantly contributed to the destruction of the Byzantine Roman Empire as an economic opponent to the Venetians and Genoese. The Crusades had established long-lasting trading relations with the Levant.

The Hanseatic League of the Baltic and northern parts of Europe finally connected with the trade routes of the Italian powers to develop a network economy in Europe for the first time since the 4th century. With the exception of the Kingdom of Naples, outside countries refrained from sending their armies into Italy throughout this time of significant city-state expansion and power growth in Italy. The development of double-entry bookkeeping, joint stock firms, an international banking system, a systematized foreign exchange market, insurance, and government debt occurred during this time.

Learn more about Italy here:-

brainly.com/question/12114445

#SPJ1

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