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Cities such as Venice, Milan, Genoa, Florence, Siena, Pisa, Bologna among others, rose to great political power, becoming major financial and trading centers. These states paved the way for the Italian Renaissance and the end of the perceived obscurity of the Middle Ages.
Banks as we have come to know them in today’s world owe their origins to the innovative credit mechanisms developed in medieval Italy. By the twelfth century these ‘financial products’, including the holding of deposits, were underwriting the long distance transportation of goods.
Sep 3, 2019 · So how was life in the Middle Ages in Italy? Towns of early medieval Italy consisted of basic houses, in the gardens of which town dwellers would grow their own food. However, as the Dark Ages wore on, Italy emerged as a key player in the new flourishing of citizens across Europe.
Nov 20, 2003 · A display of low-value coins from Greece helps illustrate how money became part of ordinary peoples' everyday lives during economic transformation in medieval Europe.
The conquest of Palestine by the Crusaders had first opened all the towns and harbours of this wealthy region of Italy to Western traders, and many of them were able permanently to establish themselves there, with all sorts of privileges and exemptions from taxes.
2 days ago · Italy - Economy, Society, Culture: Early medieval Italy was an overwhelmingly agrarian society, as it had been before and as it was to be for centuries. Wealth thus derived above all from the ownership of landed estates. Estates were exploited by subsistence tenants on a standard medieval pattern.
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The cities of Italy prospered during the late Middle Ages, serving as trading posts connecting Europe to the Byzantine Empire and the Moslem world via the Mediterranean Sea. Commerce enriched and empowered regions in which the feudal system had not taken a strong hold, especially in northern Italy.
