A Political and Social History of Modern Europe V.1.Hayes, Carlton J. H. (Carlton Joseph Huntley)
History
A Political and Social History of Modern Europe V.1.
Hayes, Carlton J. H. (Carlton Joseph Huntley)
Europe -- History; Europe -- Politics and government
[Sidenote: Decay of Venice]
Less rapid, but no less striking, was the decay of Venice and the other
Italian cities. The first cargoes brought by the Portuguese from India
caused the price of pepper and spices to fall to a degree which spelled
ruin for the Venetians. The Turks continued to harry Italian traders in
the Levant, and the Turkish sea-power grew to menacing proportions,
until in 1571 Venice had to appeal to Spain for help. To the terror of
the Turk was added the torment of the Barbary pirates, who from the
northern coast of Africa frequently descended upon Italian seaports.
The commerce of Venice was ruined. The brilliance of Venice in art and
literature lasted through another century (the seventeenth), supported
on the ruins of Venetian opulence; but the splendor of Venice was
extinguished finally in the turbulent sea of political intrigue into
which the rest of Italy had already sunk.
EFFECTS OF THE COMMERCIAL REVOLUTION
In a way, all of the colonizing movements, which we have been at pains
to trace, might be regarded as the first and greatest result of the
Commercial Revolution--that is, if by the Commercial Revolution one
understands simply the discovery of new trade-routes; but, as it is
difficult to separate explorations from colonization, we have used the
term "Commercial Revolution" to include both. By the Commercial
Revolution we mean that expansive movement by which European commerce
escaped from the narrow confines of the Mediterranean and encompassed
the whole world. We shall proceed now to consider that movement in its
secondary aspects or effects.
One of the first in importance of these effects was the advent of a new
politico-economic doctrinemercantilism--the result of the transference
of commercial supremacy from Italian and German city-states to national
states.
[Sidenote: Nationalism in Commerce]
With the declining Italian and German commercial cities, the era of
municipal commerce passed away forever. In the peoples of the Atlantic
seaboard, who now became masters of the seas, national consciousness
already was strongly developed, and centralized governments were
perfected; these nations carried the national spirit into commerce.
Portugal and Spain owed their colonial empires to the enterprise of
their royal families; Holland gained a trade route as an incident of
her struggle for national independence; England and France, which were
to become the great commercial rivals of the eighteenth century, were
the two strongest national monarchies.
[Sidenote: Mercantilism]
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