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that¡¡they¡¡were¡¡here¡¡to¡¡be¡¡prepared¡¡for¡¡a¡¡greater¡¡and¡¡more

important¡¡life¡£¡¡Deliberately¡¡they¡¡turned¡¡their¡¡backs¡¡upon¡¡a

world¡¡which¡¡was¡¡filled¡¡with¡¡suffering¡¡and¡¡wickedness¡¡and

injustice¡£¡¡They¡¡pulled¡¡down¡¡the¡¡blinds¡¡that¡¡the¡¡rays¡¡of¡¡the

sun¡¡might¡¡not¡¡distract¡¡their¡¡attention¡¡from¡¡that¡¡chapter¡¡in¡¡the

Apocalypse¡¡which¡¡told¡¡them¡¡of¡¡that¡¡heavenly¡¡light¡¡which¡¡was

to¡¡illumine¡¡their¡¡happiness¡¡in¡¡all¡¡eternity¡£¡¡They¡¡tried¡¡to¡¡close

their¡¡eyes¡¡to¡¡most¡¡of¡¡the¡¡joys¡¡of¡¡the¡¡world¡¡in¡¡which¡¡they¡¡lived

that¡¡they¡¡might¡¡enjoy¡¡those¡¡which¡¡awaited¡¡them¡¡in¡¡the¡¡near

future¡£¡¡They¡¡accepted¡¡life¡¡as¡¡a¡¡necessary¡¡evil¡¡and¡¡welcomed

death¡¡as¡¡the¡¡beginning¡¡of¡¡a¡¡glorious¡¡day¡£



The¡¡Greeks¡¡and¡¡the¡¡Romans¡¡had¡¡never¡¡bothered¡¡about¡¡the

future¡¡but¡¡had¡¡tried¡¡to¡¡establish¡¡their¡¡Paradise¡¡right¡¡here¡¡upon

this¡¡earth¡£¡¡They¡¡had¡¡succeeded¡¡in¡¡making¡¡life¡¡extremely¡¡pleasant

for¡¡those¡¡of¡¡their¡¡fellow¡¡men¡¡who¡¡did¡¡not¡¡happen¡¡to¡¡be

slaves¡£¡¡Then¡¡came¡¡the¡¡other¡¡extreme¡¡of¡¡the¡¡Middle¡¡Ages£»

when¡¡man¡¡built¡¡himself¡¡a¡¡Paradise¡¡beyond¡¡the¡¡highest¡¡clouds

and¡¡turned¡¡this¡¡world¡¡into¡¡a¡¡vale¡¡of¡¡tears¡¡for¡¡high¡¡and¡¡low£»

for¡¡rich¡¡and¡¡poor£»¡¡for¡¡the¡¡intelligent¡¡and¡¡the¡¡dumb¡£¡¡It¡¡was

time¡¡for¡¡the¡¡pendulum¡¡to¡¡swing¡¡back¡¡in¡¡the¡¡other¡¡direction£»¡¡as

I¡¡shall¡¡tell¡¡you¡¡in¡¡my¡¡next¡¡chapter¡£







MEDIAEVAL¡¡TRADE



HOW¡¡THE¡¡CRUSADES¡¡ONCE¡¡MORE¡¡MADE¡¡THE

MEDITERRANEAN¡¡A¡¡BUSY¡¡CENTRE¡¡OF

TRADE¡¡AND¡¡HOW¡¡THE¡¡CITIES¡¡OF¡¡THE

ITALIAN¡¡PENINSULA¡¡BECAME¡¡THE¡¡GREAT

DISTRIBUTING¡¡CENTRE¡¡FOR¡¡THE¡¡COMMERCE

WITH¡¡ASIA¡¡AND¡¡AFRICA





THERE¡¡were¡¡three¡¡good¡¡reasons¡¡why¡¡the¡¡Italian¡¡cities¡¡should

have¡¡been¡¡the¡¡first¡¡to¡¡regain¡¡a¡¡position¡¡of¡¡great¡¡importance

during¡¡the¡¡late¡¡Middle¡¡Ages¡£¡¡The¡¡Italian¡¡peninsula¡¡had¡¡been

settled¡¡by¡¡Rome¡¡at¡¡a¡¡very¡¡early¡¡date¡£¡¡There¡¡had¡¡been¡¡more

roads¡¡and¡¡more¡¡towns¡¡and¡¡more¡¡schools¡¡than¡¡anywhere¡¡else

in¡¡Europe¡£



The¡¡barbarians¡¡had¡¡burned¡¡as¡¡lustily¡¡in¡¡Italy¡¡as¡¡elsewhere£»

but¡¡there¡¡had¡¡been¡¡so¡¡much¡¡to¡¡destroy¡¡that¡¡more¡¡had¡¡been¡¡able

to¡¡survive¡£¡¡In¡¡the¡¡second¡¡place£»¡¡the¡¡Pope¡¡lived¡¡in¡¡Italy¡¡and

as¡¡the¡¡head¡¡of¡¡a¡¡vast¡¡political¡¡machine£»¡¡which¡¡owned¡¡land¡¡and

serfs¡¡and¡¡buildings¡¡and¡¡forests¡¡and¡¡rivers¡¡and¡¡conducted¡¡courts

of¡¡law£»¡¡he¡¡was¡¡in¡¡constant¡¡receipt¡¡of¡¡a¡¡great¡¡deal¡¡of¡¡money¡£

The¡¡Papal¡¡authorities¡¡had¡¡to¡¡be¡¡paid¡¡in¡¡gold¡¡and¡¡silver¡¡as¡¡did

the¡¡merchants¡¡and¡¡ship¡­owners¡¡of¡¡Venice¡¡and¡¡Genoa¡£¡¡The

cows¡¡and¡¡the¡¡eggs¡¡and¡¡the¡¡horses¡¡and¡¡all¡¡the¡¡other¡¡agricultural

products¡¡of¡¡the¡¡north¡¡and¡¡the¡¡west¡¡must¡¡be¡¡changed¡¡into¡¡actual

cash¡¡before¡¡the¡¡debt¡¡could¡¡be¡¡paid¡¡in¡¡the¡¡distant¡¡city¡¡of¡¡Rome¡£



This¡¡made¡¡Italy¡¡the¡¡one¡¡country¡¡where¡¡there¡¡was¡¡a¡¡comparative

abundance¡¡of¡¡gold¡¡and¡¡silver¡£¡¡Finally£»¡¡during¡¡the¡¡Crusades£»

the¡¡Italian¡¡cities¡¡had¡¡become¡¡the¡¡point¡¡of¡¡embarkation

for¡¡the¡¡Crusaders¡¡and¡¡had¡¡profiteered¡¡to¡¡an¡¡almost¡¡unbelievable

extent¡£



And¡¡after¡¡the¡¡Crusades¡¡had¡¡come¡¡to¡¡an¡¡end£»¡¡these¡¡same

Italian¡¡cities¡¡remained¡¡the¡¡distributing¡¡centres¡¡for¡¡those¡¡Oriental

goods¡¡upon¡¡which¡¡the¡¡people¡¡of¡¡Europe¡¡had¡¡come¡¡to¡¡depend

during¡¡the¡¡time¡¡they¡¡had¡¡spent¡¡in¡¡the¡¡near¡¡east¡£



Of¡¡these¡¡towns£»¡¡few¡¡were¡¡as¡¡famous¡¡as¡¡Venice¡£¡¡Venice¡¡was

a¡¡republic¡¡built¡¡upon¡¡a¡¡mud¡¡bank¡£¡¡Thither¡¡people¡¡from¡¡the

mainland¡¡had¡¡fled¡¡during¡¡the¡¡invasions¡¡of¡¡the¡¡barbarians¡¡in¡¡the

fourth¡¡century¡£¡¡Surrounded¡¡on¡¡all¡¡sides¡¡by¡¡the¡¡sea¡¡they¡¡had

engaged¡¡in¡¡the¡¡business¡¡of¡¡salt¡­making¡£¡¡Salt¡¡had¡¡been¡¡very

scarce¡¡during¡¡the¡¡Middle¡¡Ages£»¡¡and¡¡the¡¡price¡¡had¡¡been¡¡high¡£

For¡¡hundreds¡¡of¡¡years¡¡Venice¡¡had¡¡enjoyed¡¡a¡¡monopoly¡¡of

this¡¡indispensable¡¡table¡¡commodity¡¡£¨I¡¡say¡¡indispensable£»¡¡because

people£»¡¡like¡¡sheep£»¡¡fall¡¡ill¡¡unless¡¡they¡¡get¡¡a¡¡certain¡¡amount

of¡¡salt¡¡in¡¡their¡¡food£©¡£¡¡The¡¡people¡¡had¡¡used¡¡this¡¡monopoly¡¡to

increase¡¡the¡¡power¡¡of¡¡their¡¡city¡£¡¡At¡¡times¡¡they¡¡had¡¡even¡¡dared

to¡¡defy¡¡the¡¡power¡¡of¡¡the¡¡Popes¡£¡¡The¡¡town¡¡had¡¡grown¡¡rich¡¡and

had¡¡begun¡¡to¡¡build¡¡ships£»¡¡which¡¡engaged¡¡in¡¡trade¡¡with¡¡the

Orient¡£¡¡During¡¡the¡¡Crusades£»¡¡these¡¡ships¡¡were¡¡used¡¡to¡¡carry

passengers¡¡to¡¡the¡¡Holy¡¡Land£»¡¡and¡¡when¡¡the¡¡passengers¡¡could

not¡¡pay¡¡for¡¡their¡¡tickets¡¡in¡¡cash£»¡¡they¡¡were¡¡obliged¡¡to¡¡help¡¡the

Venetians¡¡who¡¡were¡¡for¡¡ever¡¡increasing¡¡their¡¡colonies¡¡in¡¡the

AEgean¡¡Sea£»¡¡in¡¡Asia¡¡Minor¡¡and¡¡in¡¡Egypt¡£



By¡¡the¡¡end¡¡of¡¡the¡¡fourteenth¡¡century£»¡¡the¡¡population¡¡had

grown¡¡to¡¡two¡¡hundred¡¡thousand£»¡¡which¡¡made¡¡Venice¡¡the¡¡biggest

city¡¡of¡¡the¡¡Middle¡¡Ages¡£¡¡The¡¡people¡¡were¡¡without¡¡influence

upon¡¡the¡¡government¡¡which¡¡was¡¡the¡¡private¡¡affair¡¡of¡¡a

small¡¡number¡¡of¡¡rich¡¡merchant¡¡families¡£¡¡They¡¡elected¡¡a¡¡senate

and¡¡a¡¡Doge¡¡£¨or¡¡Duke£©£»¡¡but¡¡the¡¡actual¡¡rulers¡¡of¡¡the¡¡city¡¡were

the¡¡members¡¡of¡¡the¡¡famous¡¡Council¡¡of¡¡Ten£»who¡¡maintained

themselves¡¡with¡¡the¡¡help¡¡of¡¡a¡¡highly¡¡organised¡¡system¡¡of¡¡secret

service¡¡men¡¡and¡¡professional¡¡murderers£»¡¡who¡¡kept¡¡watch¡¡upon

all¡¡citizens¡¡and¡¡quietly¡¡removed¡¡those¡¡who¡¡might¡¡be¡¡dangerous

to¡¡the¡¡safety¡¡of¡¡their¡¡high¡­handed¡¡and¡¡unscrupulous¡¡Committee

of¡¡Public¡¡Safety¡£



The¡¡other¡¡extreme¡¡of¡¡government£»¡¡a¡¡democracy¡¡of¡¡very

turbulent¡¡habits£»¡¡was¡¡to¡¡be¡¡found¡¡in¡¡Florence¡£¡¡This¡¡city

controlled¡¡the¡¡main¡¡road¡¡from¡¡northern¡¡Europe¡¡to¡¡Rome¡¡and¡¡used

the¡¡money¡¡which¡¡it¡¡had¡¡derived¡¡from¡¡this¡¡fortunate¡¡economic

position¡¡to¡¡engage¡¡in¡¡manufacturing¡£¡¡The¡¡Florentines¡¡tried¡¡to

follow¡¡the¡¡example¡¡of¡¡Athens¡£¡¡Noblemen£»¡¡priests¡¡and¡¡members

of¡¡the¡¡guilds¡¡all¡¡took¡¡part¡¡in¡¡the¡¡discussions¡¡of¡¡civic¡¡affairs¡£

This¡¡led¡¡to¡¡great¡¡civic¡¡upheaval¡£¡¡People¡¡were¡¡forever¡¡being¡¡divided

into¡¡political¡¡parties¡¡and¡¡these¡¡parties¡¡fought¡¡each¡¡other

with¡¡intense¡¡bitterness¡¡and¡¡exiled¡¡their¡¡enemies¡¡and¡¡confiscated

their¡¡possessions¡¡as¡¡soon¡¡as¡¡they¡¡had¡¡gained¡¡a¡¡victory¡¡in¡¡the

council¡£¡¡After¡¡several¡¡centuries¡¡of¡¡this¡¡rule¡¡by¡¡organised¡¡mobs£»

the¡¡inevitable¡¡happened¡£¡¡A¡¡powerful¡¡family¡¡made¡¡itself¡¡master

of¡¡the¡¡city¡¡and¡¡governed¡¡the¡¡town¡¡and¡¡the¡¡surrounding¡¡country

after¡¡the¡¡fashion¡¡of¡¡the¡¡old¡¡Greek¡¡¡®¡®tyrants¡£''¡¡They¡¡were¡¡called

the¡¡Medici¡£¡¡The¡¡earliest¡¡Medici¡¡had¡¡been¡¡physicians¡¡£¨medicus

is¡¡Latin¡¡for¡¡physician£»¡¡hence¡¡their¡¡name£©£»¡¡but¡¡later¡¡they¡¡had

turned¡¡banker¡£¡¡Their¡¡banks¡¡and¡¡their¡¡pawnshops¡¡were¡¡to¡¡be

found¡¡in¡¡all¡¡the¡¡more¡¡important¡¡centres¡¡of¡¡trade¡£¡¡Even¡¡today

our¡¡American¡¡pawn¡­shops¡¡display¡¡the¡¡three¡¡golden¡¡balls

which¡¡were¡¡part¡¡of¡¡the¡¡coat¡¡of¡¡arms¡¡of¡¡the¡¡mighty¡¡house¡¡of

the¡¡Medici£»¡¡who¡¡became¡¡rulers¡¡of¡¡Florence¡¡and¡¡married¡¡their

daughters¡¡to¡¡the¡¡kings¡¡of¡¡France¡¡and¡¡were¡¡buried¡¡in¡¡graves

worthy¡¡of¡¡a¡¡Roman¡¡Caesar¡£



Then¡¡there¡¡was¡¡Genoa£»¡¡the¡¡great¡¡rival¡¡of¡¡Venice£»¡¡where

the¡¡merchants¡¡specialised¡¡in¡¡trade¡¡with¡¡Tunis¡¡in¡¡Africa¡¡and

the¡¡grain¡¡depots¡¡of¡¡the¡¡Black¡¡Sea¡£¡¡Then¡¡there¡¡were¡¡more¡¡than

two¡¡hundred¡¡other¡¡cities£»¡¡some¡¡large¡¡and¡¡some¡¡small£»¡¡each¡¡a¡¡perfect

commercial¡¡unit£»¡¡all¡¡of¡¡them¡¡fighting¡¡their¡¡neighbours¡¡and

rivals¡¡with¡¡the¡¡undying¡¡hatred¡¡of¡¡neighbours¡¡who¡¡are¡¡depriving

each¡¡other¡¡of¡¡their¡¡profits¡£



Once¡¡the¡¡products¡¡of¡¡the¡¡Orient¡¡and¡¡Africa¡¡had¡¡been

brought¡¡to¡¡these¡¡distributing¡¡centres£»¡¡they¡¡must¡¡be¡¡prepared

for¡¡the¡¡voyage¡¡to¡¡the¡¡west¡¡and¡¡the¡¡north¡£



Genoa¡¡carried¡¡her¡¡goods¡¡by¡¡water¡¡to¡¡Marseilles£»¡¡from¡¡where

they¡¡were¡¡reshipped¡¡to¡¡the¡¡cities¡¡along¡¡the¡¡Rhone£»¡¡which¡¡in

turn¡¡served¡¡as¡¡the¡¡market¡¡places¡¡of¡¡northern¡¡and¡¡western

France¡£



Venice¡¡used¡¡the¡¡land¡¡route¡¡to¡¡northern¡¡Europe¡£¡¡This¡¡ancient

road¡¡led¡¡across¡¡the¡¡Brenner¡¡pass£»¡¡the¡¡old¡¡gateway¡¡for

the¡¡barbarians¡¡who¡¡had¡¡invaded¡¡Italy¡£¡¡Past¡¡Innsbruck£»¡¡the

merchandise¡¡was¡¡carried¡¡to¡¡Basel¡£¡¡From¡¡there¡¡it¡¡drifted¡¡down

the¡¡Rhine¡¡to¡¡the¡¡North¡¡Sea¡¡and¡¡England£»¡¡or¡¡it¡¡was¡¡taken¡¡to

Augsburg¡¡where¡¡the¡¡Fugger¡¡family¡¡£¨who¡¡were¡¡both¡¡bankers

and¡¡manufacturers¡¡and¡¡who¡¡prospered¡¡greatly¡¡by¡¡¡®¡®shaving''

the¡¡coins¡¡with¡¡which¡¡they¡¡paid¡¡their¡¡workmen£©£»¡¡looked¡¡after

the¡¡further¡¡distribution¡¡to¡¡Nuremberg¡¡and¡¡Leipzig¡¡and¡¡the

cities¡¡of¡¡the¡¡Baltic¡¡and¡¡to¡¡Wisby¡¡£¨on¡¡the¡¡Island¡¡of¡¡Gotland£©

which¡¡looked¡¡after¡¡the¡¡needs¡¡of¡¡the¡¡Northern¡¡Baltic¡¡and¡¡dealt

directly¡¡with¡¡the¡¡Republic¡¡of¡¡Novgorod£»¡¡the¡¡old¡¡commercial

centre¡¡of¡¡Russia¡¡which¡¡was¡¡destroyed¡¡by¡¡Ivan¡¡the¡¡Terrible¡¡in

the¡¡middle¡¡of¡¡the¡¡sixteenth¡¡century¡£



The¡¡little¡¡cities¡¡on¡¡the¡¡coast¡¡of¡¡north¡­western¡¡Europe¡¡had

an¡¡interesting¡¡story¡¡of¡¡their¡¡own¡£¡¡The¡¡mediaeval¡¡world¡¡ate¡¡a

great¡¡deal¡¡of¡¡fish¡£¡¡There¡¡were¡¡many¡¡fast¡¡days¡¡and¡¡then¡¡people

were¡¡not¡¡permitted¡¡to¡¡eat¡¡meat¡£¡¡For¡¡those¡¡who¡¡lived¡¡away

from¡¡the¡¡coast¡¡and¡¡from¡¡the¡¡rivers£»¡¡this¡¡meant¡¡a¡¡diet¡¡of¡¡eggs

or¡¡nothing¡¡at¡¡all¡£¡¡But¡¡early¡¡in¡¡the¡¡thirteenth¡¡century¡¡a¡¡Dutch

fisherman¡¡had¡¡discovered¡¡a¡¡way¡¡of¡¡curing¡¡herring£»¡¡so¡¡that¡¡it

could¡¡be¡¡transported¡¡to¡¡distant¡¡points¡£¡¡The¡¡herring¡¡fisheries

of¡¡the¡¡North¡¡Sea¡¡then¡¡became¡¡of¡¡great¡¡importance¡£¡¡But¡¡some

time¡¡during¡¡the¡¡thirteenth¡¡century£»¡¡this¡¡useful¡¡little¡¡fish¡¡£¨for

reasons¡¡of¡¡its¡¡own£©¡¡moved¡¡from¡¡the¡¡North¡¡Sea¡¡to¡¡the¡¡Baltic¡¡and

the¡¡cities¡¡of¡¡that¡¡inland¡¡sea¡¡began¡¡to¡¡make¡¡money¡£¡¡All¡¡the

world¡¡now¡¡sailed¡¡to¡¡the¡¡Baltic¡¡to¡¡catch¡¡herring¡¡and¡¡as¡¡that¡¡fish

could¡¡only¡¡be¡¡caught¡¡during¡¡a¡¡few¡¡months¡¡each¡¡year¡¡£¨the¡¡rest

of¡¡the¡¡time¡¡it¡¡spends¡¡in¡¡deep¡¡water£»¡¡raising¡¡large¡¡families¡¡of

little¡¡herrings£©¡¡the¡¡ships¡¡would¡¡have¡¡been¡¡idle¡¡during¡¡the¡¡rest

of¡¡the¡¡time¡¡unless¡¡they¡¡had¡¡found¡¡another¡¡occupation¡£¡¡They

were¡¡then¡¡used¡¡to¡¡carry¡¡the¡¡wheat¡¡of¡¡northern¡¡and¡¡central¡¡Russia

to¡¡southern¡¡and¡¡western¡¡Europe¡£¡¡On¡¡the¡¡return¡¡voyage

they¡¡b

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