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- During the late Middle Ages, Northern and Central Italy became far more prosperous than the south of Italy, with the city-states, such as Venice and Genoa, among the wealthiest in Europe.
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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.
During the late Middle Ages, Northern and Central Italy became far more prosperous than the south of Italy, with the city-states, such as Venice and Genoa, among the wealthiest in Europe.
3 days ago · Italy in the early Middle Ages. The late Roman Empire and the Ostrogoths. Fifth-century political trends; The Ostrogothic kingdom; The end of the Roman world; Lombards and Byzantines. The Lombard kingdom, 584–774; Popes and exarchs, 590–800; Ethnic identity and government. Lombard Italy; Byzantine Italy; Similarities between Lombard and ...
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.
The Eastern commerce furnished the first elements of that trading activity with Italy which showed itself on the borders of the Mediterranean and the emergence of the republics of Amalfi, Venice, Genoa, and Pisa becoming the rich depots of all maritime Medieval trade in Italy.
Nov 30, 2017 · Using data on population, urbanization, prices, wages, and GDP, this article outlines the macroeconomic trends in central and northern Italy in the age of the Renaissance (1350–1550). The frequent plagues during the early Renaissance—that is, between 1348 and 1450—decimated the population, probably causing more deaths than in other ...
