INNOVATION IN MARITIME TECHNOLOGY
Innovation in maritime technology in the 13
C also contributed to the rise of Venice. For example,nautical charts which had information about distance, important landmarks and ports enabled Venetian
traders to plan their journey more accurately. Another example is the mariner’
s compass which ensuredthat their ships stayed on course.
These innovations made travel in winter possible. The Venetiansoptimized the use of these innovations and so they were able to dominate trade in theMediterranean Sea throughout the year.6.
STRATEGIC GEOGRAPHICAL LOCATION
Venice’s strategic geographical location was important in its rise to become a great maritime empire and
trading centre. Venice was strategically located at the northern tip of the Adriatic Sea. They were at theintersection between Europe and the Middle East. This gave them an advantage over their political andtrade competitors in the Mediterranean Sea and Black Sea, especially Genoa which was located further inland. From their location, Venetian traders have easier access to both the overland and sea routes togo to Arabian ports to buy Middle Eastern goods which they later sold at very high prices to Europeanstates.
, being only 3 km away from the Italian mainland, the early Venetians gained access tothe mainland and its forested areas to obtain wood for shipbuilding and trading with Middle Eastern states
in return for gold, spices and incense. Venice’s strategic location, together with other factors –
such astheir diplomatic skills at negotiating trade agreements, their enterprising spirit, their knowledge of shipbuilding, their strong navy, their effective system of managing voyages, and the way they fullycapitalized on new maritime technology
all enabled Venice to provide a larger quantity and greater variety of goods from the East. Central and Southern Europe had no choice but to rely on Venicefor Eastern goods. It brought great riches to Venice which grew from strength to strength. After many wars with Genoa, Venice was able to defeat it in the 14
C. From then onwards, Venicedominated the Mediterranean Sea and gained monopoly of the Mediterranean region whichbrought them greater international trade.7.
MANUFACTURING INDUSTRIES / INDUSTRIAL DEVELOPMENT
The development of manu
facturing industries also contributed to Venice’s rise.
With the expansion of trade, Venetians grew richer and began to demand for luxury goods such as glassware, candles andscented soap. As a result, industries manufacturing these goods grew and thrived in Venice. The printing
industry also blossomed in Venice in order to serve the large reading public there. Venice’s extensive
trade connections made it easy to find buyers for the goods and obtain supplies such as paper.
The newindustries created more jobs which attracted many skilled craftsmen from other parts of Europewho settled down and worked in Venice. They also generated more wealth for Venice.
Another factor which contributed to the success of Venice were the innovative practices that theVenetians developed and introduced. For example, they introduced double-entry book-keeping thathelped traders keep track of the amount of goods and details of their trading transactions. They alsointroduced Giro banking which made it convenient for traders to do business since they did not have tocarry large amounts of money.
These innovative practices helped to facilitate trade. Foreign traderswere attracted to Venice because of the convenient and efficient services available there.
q. Describe two innovation inmaritime technology in the 13
century.r. Explain how these innovationsbenefited Venice.
s. Describe Venice’s strategic
geographical location.t. How did this strategic locationenable Venice to have an edgeover its competitors?u. Apart from its strategic location, what other factorsenabled Venice to beat itscompetitors?v. What brought about thedevelopment of manufacturingindustries in Venice?w. Give examples of themanufacturing industries that thrived in Venice.x. How did industrial development contribute to
y. Describe two innovativepractices developed and introduced by Venetians.z. How did these innovativepractices contribute to thesuccess of Venice?