Italian City-States & Dutch Republic Economy PDF
Document Details
Uploaded by MarvelousCynicalRealism2045
2023
Merriman
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Summary
This document provides an overview of the economies of Italian city-states and the Dutch Republic, focusing on key periods like the 1600s and 1400s. It details factors contributing to their economic growth, including commerce, manufacturing, and the role of banking. Historical events impacting economies are also detailed.
Full Transcript
## The City States of the Italian Peninsula - **Basic government structure in Italian Peninsula** - **Most urbanized part of Europe** - **Several hundred independent cities states** ### Thriving Economies - **Expansion of commerce in Italy** - **Led to prosperity in city-states** - **Natural p...
## The City States of the Italian Peninsula - **Basic government structure in Italian Peninsula** - **Most urbanized part of Europe** - **Several hundred independent cities states** ### Thriving Economies - **Expansion of commerce in Italy** - **Led to prosperity in city-states** - **Natural point of exchange between East, North, and South** - **Roman Law = Framework for order and public life** - **Affected by the Black Death - Small economic recession** - **Florence rebounded with textile production (wool from England and Spain) with 30,000 workers in the industry** - **Woolens traded throughout the Mediterranean and to France, England, and Asia** - **Tuscany and Lombardy - Apiculture** - **Production of grain, wine, vegetables, and other food staples** - **Drained swamps/marshes and irrigated drier areas** - **Fed urban population - Traded surplus** - **Invested in commerce and manufacturing** - **Commerce quickly revived due to the Mediterranean Trade** - **Growth of the banking families** ### Bank of Amsterdam Founded 1609 - **Facilitated Amsterdam’s foreign trade** - **Encouraged merchants to make payments in bills drawn on the bank** - **Amsterdam’s banking credit, horses unmatched in Europe** - **Good credit meant Netherlands could easily raise funds** ### Dutch Republic Expanded its resources throughout the early 1600s - **Agricultural surplus invested in commerce and manufacturing** - **Larger population - Million by 1645** - **Commercial livestock/dairy** - **Capital Intensive farming** - **Most densely populated** - **People lived in towns** - **Amsterdam reached 200,000 people in 1670** ### Early 1400s - **3 Large canals** - **Boats to dock outside merchant warehouses** - **Townhouses of wealthy and burghers** - **500 miles of canals** - **Good foods 500 miles of canals** - **Dutch economy grew rapidly 1400s** - **Circa 1546 began revolt against Spanish rule** - **1402 Dutch East India Company founded** ### Expanding Economy - **Dutch traders specialized as middlemen** - **Merchant fleet 9 x 1600 - 1450** - **Shipbuilding** - **Windmill powered sawmills** - **2,500 ships by 1530s (ball of European shipping)** - **Capital investment, knowledge of markets** - **Herring trade (200 million/year)** ### Stopped pursuing a middle class - **New business ventures instead** - **Privilege (bought noble titles)** - **1609 King was kicked out of Marisco (Muslim descendants)** - **Lost skills of crafts men and farmers** - **Nobles took more and more land, but no interest in Greece** - **Increased productivity of being market driven** - **State imposed fixed maximum on grain prices (discouraged innovation)** - **Became dependent on imported grain** - **State favored sheepherding as produce, because those are easier to tax** - **Woolens manufactunity lost out to English and Flemish** ### Colonial Administration - **State had to pay for all wars and fight ways to put down rebellions** - **By early 1700s far fewer Spanish poll taxes, Spain prohibited emigration to colonies** - **Moved to collection of higher taxes** - **Inefficient fake collection and higher taxes= peasant revolts** - **Miguel de Cervantes wrote *Don Quixote* - National disillusionment in the face of natural decline** - **El Greco( Painter originally from Greece) - Not Mannerism** - **Asymmetrical/Exaggerated bodies/Limbs - Unnaturally elegant** - **Compositional tension, and instability** - **Religious emotion with exaggerated detail** - **Burial of the Count Orgaz (1586)**