What was the trade relationship between Venice and Constantinople?

Constantinople and the Byzantine ports of the eastern Mediterranean were the treasure houses of Venetian trade. The people of Venice took natural to the sea and islands and settlements like Cittanova, Heraclea, Malamocco and Torcello became great trading stations long before the end of the eleventh century.

Why was Venice a hot spot for trading?

Its strategic position on the shores of the Adriatic Sea, within reach of the Byzantine Empire and traders from the Near East, allowed the city to become a hub of trade in the west, receiving goods from the east by sea and disseminating them into the growing European market.

Why was Constantinople in the Byzantine Empire a powerful trade city?

By being a major port on the Bosporus Strait, Constantinople served as a hub for trade between the eastern Mediterranean and western Black Sea. It was this location that helped the Byzantine Empire to flourish and grow.

Why was the Byzantine Empire good for trade?

Trade. Constantinople was positioned along both the east-west and north-south trade routes, and the Byzantines took advantage of this by taxing imports and exports at a 10\% rate. Grain was a key import, particularly after the Arab conquests of Egypt and the Levant meant the empire lost its primary sources of grain.

When did Venice become powerful?

During the late thirteenth century, Venice was the most prosperous city in all of Europe. At the peak of its power and wealth, it had 36,000 sailors operating 3,300 ships, dominating Mediterranean commerce.

Why did Venice grow?

In the High Middle Ages, Venice became wealthy through its control of trade between Europe and the Levant, and began to expand into the Adriatic Sea and beyond.

How did Constantinople affect trade?

The Fall of Constantinople severely hurt trades in the European region. The Ottoman conquest affected the highly lucrative Italian trade and gradually reduced trade bases in the region. The Ottoman realm and the portions of the Eastern Mediterranean Sea controlled by them prospered through trade over long distances.

Why was Venice so wealthy and powerful?

Venice, which is situated at the north end of the Adriatic Sea, was once the richest and most powerful centre of Europe for hundreds of years. The Venetian might reached its peaked during the 15th century when they monopolized the spice trade from India through the Arabs using exclusive trade agreements.

How did Venice become part of the Byzantine Empire?

In 565 the Byzantine Emperor Justinian brought Venice and the Veneto under the rule of the Byzantine Empire. The Emperor recognized that Venice could function as a valuable defense point between the Eastern and Western worlds. Further, Justininan knew the power of the Venetian fleet and desired their protection.

How did the Byzantine Empire expand to the east?

Crusades and the conquest of the Byzantine Capital opened the direct ways to the East and far into Asia. But these voyages, similar to the costly convoys to Flanders, Tunisia, Syria and Constantinople, required huge amounts of capital, which normally means credit.

How did the Crusades affect the economy of Venice?

A long learning-process that lead to a rudimentary economic policy started, including patent protection, promotion of trade, but strategic help for the flux and leave of capital and metals. The crusades brought intensification of trade, of which Venice took profit so that it soon ranked first among the trading nations.

How did Venice revive the late Roman trade with northern Italy?

The settlements from which later on Venice grew up, could revive the late Roman trade with Northern Italy. Crusades and the conquest of the Byzantine Capital opened the direct ways to the East and far into Asia.