Table of Contents
Did Italy control the spice trade?
Overland routes helped the spice trade initially, but maritime trade routes led to tremendous growth in commercial activities to Europe. From the 11th to the 15th centuries, the Italian maritime republics of Venice and Genoa monopolized the trade between Europe and Asia.
Why did the spice trade decline?
DECLINE FROM THE EIGHTEENTH CENTURY Trade grew in more profitable Asian commodities, such as silk and cotton textiles, causing a relative decline in the trade of spices to Europe.
Why was the spice trade important?
In its day, the spice trade was the world’s biggest industry: it established and destroyed empires, led to the discovery of new continents, and in many ways helped lay the foundation for the modern world.
Why did the Portuguese want to keep a monopoly?
Answer: The Portuguese maintain a monopoly for a century over European trade with India through the spice trade. Vasco da Gama in 1498 discovery of the sea route to India and it was considered to be was the first recorded trip that made directly from Europe to India via Ocean.
Which country gained the monopoly over European trade?
Answer: FRENCH ARE THE MERCHANTS WHO GAVE MONOPOLY OVER TRADE IN EUROPE.
What did the Republic of Venice do with spices?
Spices Trade and the Merchants of Venice Between the period 9 -15th century, the Republic of Venice held the monopoly of European trade including spices with the Middle East. Spices were among the most expensive and in-demand products during that period, used mainly in medicine and as an ingredient in different food dishes, perfumes and wine.
What was the purpose of the spice trade?
It was trade; particularly, the trade for spices. The most beguiling and intriguing idea in early exploration was to find an alternate trade route to India and the Far East.
What was the original impetus for the spice trade?
Although conquest, outright theft, and colonization became preferred methods once it was discovered how easily indigenous peoples could be taken advantage of militarily, the original impetus for exploration was not conquest. It was trade; particularly, the trade for spices.
How did the rise of Islam change the spice trade?
The rise of Islam brought a significant change to the trade as Radhanite Jewish and Arab merchants particularly from Egypt eventually took over conveying goods via the Levant to Europe . The Spice trade had brought great riches to the Abbasid Caliphate, and even inspired famous legends such as that of Sinbad the Sailor.