Trade made the city-states wealthy. Many were successful and powerful because they specialized and were located in the middle of trade routes. Venice was the most powerful Italian city-state and it specialized in shipping allowing it to control the trade routes in the Mediterranean Sea.
Answer:
E. Currency based on the price of gold
Explanation:
The correct answer is option E. Currency based on the price of gold. This is because, a gold standard is a type of monetary system that is proportionate to the exchange between gold and paper money. Thanks to the gold standard any country could exchange their paper money into a fixed amount of gold.