=309. Relative decline of Venetian commerce.=—From this time the
energies of Venice were absorbed in an unequal conflict with the
Turks in the eastern Mediterranean. Venice had prepared herself in a
measure for the Turkish advance, by removing her chief staple from
Alexandria to the island of Cyprus, but this too was lost in 1571 after
a heroic defense. The battle of Lepanto and others following it were
empty victories; on the east coast of the Mediterranean Venice had to
surrender, and consent to trade on the terms which the Turks imposed.
Trade was still maintained. Aleppo became in the later period a market
in which the Venetians had great establishments, drawing thence the
wares that came by caravan from Bagdad, Persia, and India. Venice
herself became constantly more beautiful, and was in the seventeenth
century, as now, one of the show-places of Europe, where foreign
visitors flocked by thousands. Her manufactures of glass and silk and
many artistic luxuries remained unexcelled. It is, however, by quantity
and not quality that we measure the greatness of a state’s commerce;
Venetian trade scarcely entitled the city to a place even in the second
rank of commercial states, when it finally lost its independence in
1797.
=310. Decline of commerce and industry in Tuscany.=—The history of
decline in other parts of Italy must be dismissed more briefly.
Florence, which at the beginning of this period ranked next to Venice
in manufactures, trade, and banking, found the markets of northern
Europe closed by the Dutch revolution, by the religious wars and by the
tariff barriers of the protective policy. Bankruptcy became frequent in
the latter part of the sixteenth century. The woolen manufactures of
Florence, which, it is said, employed 30,000 men in 1338, employed 971
in 1767. Hampered not only by weakness abroad but also by restrictive
legislation at home, the Tuscan people declined to poverty and
indolence. Prosperity was to be found in only one spot, the city of
Leghorn, which had been made a free port; but this city prospered just
because it had been placed on the outside of Tuscany, and the riches
amassed there went largely into the hands of foreign residents.
=311. Decline in other parts of Italy.=—South of Tuscany conditions
grew still worse. The Roman territory had never been of commercial
importance, and the Neapolitan territory lost in this period what
prosperity it had once had. Under a Spanish government, which was
almost incredibly bad, the national resources were wasted abroad while
Turks ravaged the coast, kidnapping slaves, at home; and the producing
classes were crushed by heavy and unfair taxes.
Public-domain text, read in full here on John Shaqi.
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