WORLD HISTORY

HISTORY

THE RENAISSANCE AND REFORMATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How did the city-states of Italy gain wealth?
A
Through industry
B
Through banking and trade
C
Through the sale of Renaissance art
D
Through the large farming estates
Explanation: 

Detailed explanation-1: -Luxury goods bought in the Levant, such as spices, dyes, and silks, were imported to Italy and then resold throughout Europe. Moreover, the inland city-states profited from the rich agricultural land of the Po valley.

Detailed explanation-2: -Pisa, Genoa, and Venice became important in trade along the Mediterranean, Venice becoming the most successful. Florence became important in the world of banking and wool trade. Trade rivalries emerged as these cities increased in political and economic power.

Detailed explanation-3: -The Italian cities acted as the main hubs for international trade in commodities such as wool, cloth, silk, spices, silver and armour. The merchants wanted to show off their wealth and furnished their homes with the most modern art, furniture and books, created either by local artisans or from further afield.

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