Fall of Venice

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Macroeconomics 2HH3 - Chapter 1

Ved Remek Debski

global economy

Ved tala ashraf

INTRODUCTION TO SPORT MANAGMENT ( SMG103 )

Ved MARCELLA ANAK MARTIN

Batminton 3c celia

Ved Celia Asencio

Fall of Venice

Political challenges

Subtopic

Social challenges

Maritime competition

New trade rivals

Protectionist policy made trading with Venetians to be unattrative and they lost trade partners

Less successful in negotiating for favourable trading rights in new ports

Venetians imitated better-designed ships of Dutch and British but lack the skills in operating them

English East India Company brought cotton and pepper from India, tea and porcelain from China

Dutch East India Company bypassed Venetians to get supplies from East

Discovery of new sea routes

Original route was shorter but time consuming and unsafe eg. robbers and plunderers hiding

New sea routes destroyed Venice's monopoly of the lucrative spice trade and greatly reduced large profits

Foreign threats

League Of Cambrai

Cost of war drained and weakened Venice's resources

Aim to reduce the power of Venice and divide its territories

Consisted of most major powers in Europe eg. Spain, Hungary, France

Ottoman Empire

Europeans neighbours developed deep hostility for Venice eg. Venice was left to fight on their own against Ottomans

But later seek military aid from other Europeans states to fight Ottomans

Venetians willing to give concessions to Ottomans whenever it suited their commercial interests

Wars drained Venice resources and manpower, and disrupted trade

Venice had to use its galleys to fight off attacks by Ottomans which disrupted its use for trading purposes

Venice forced to give up some less important territories to avoid further losses

Ottoman replaced Genoa as Venice's greatest competitor for maritime control

Involvement in the mainland

Had to equip themselves with a strong army by recruiting mecenaries

Act of switching alliances led to fragile relations and put Venice at high risk eg. overland trade route is unsafe

Taking advantage of rivalry among the mainland states to achieve balance of power eg. created alliances

Needed to secure and maintain supply of resources for city's growing population and expanding industries

Political developments in Europe turned attention to controlling nearby mainland territories