=110. Development of other cities in Italy; freedom and vigor of their
policy.=—Space forbids the consideration in detail of the history and
policy of other Italian cities, of which some rose to the first rank
in commerce, though none attained to the greatness of Venice. The
lack of a central government in the peninsula enabled each city to
frame its policy solely with an eye to its own interests. The Italian
cities were able to free themselves from the laws and customs that
had been necessary in an earlier time, but which lay like fetters on
developing trade and industry. The city of Florence, for instance,
showed a liberality in its policy regarding land tenure, industry,
domestic and foreign commerce, which was strikingly modern. The result
was an extraordinarily rapid development in commerce, manufacture and
finance, but also, unfortunately, a jealous rivalry between the cities,
which expressed itself not only in commercial competition but also in
destructive wars.
=111. Genoa.=—Genoa, situated in a position corresponding to that of
Venice on the other side of the Italian peninsula, grew great like
her in the course of the crusades. In conflict with Pisa, which had
become a threatening commercial rival, Genoa was a complete victor
by the naval victory of Maloria in 1284. Against Venice the city was
not so fortunate. Genoa recovered in part from the blow dealt her by
Venice in the fourth crusade, when the Greek empire was re-established
at Constantinople (1261), and won some important naval victories in
the constant succession of wars culminating in the battle of Chioggia
in 1380. The Genoese managed always to secure a share of the Oriental
trade; they helped to establish the system of joint stock companies;
and contributed to the development of banking and public finance. They
lacked, however, the advantages of the Venetian situation, both as
regarded their opportunity for trade and their capacity for defence.
They were drawn into the net of continental politics, and as at home
they had never shown the ability of the Venetians to pacify or to crush
rival factions, their force was wasted in useless political conflicts.
Public-domain text, read in full here on John Shaqi.
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