Identify the role of the Italian city-states in the European Commercial Revolution.(1 point)
Responses
Italian city-states fueled the European Commercial Revolution by participating in trade and developing new banking practices.
Italian city-states fueled the European Commercial Revolution by participating in trade and developing new banking practices.
Italian city-states fueled the European Commercial Revolution by becoming art patrons and funding the development of Renaissance art.
Italian city-states fueled the European Commercial Revolution by becoming art patrons and funding the development of Renaissance art.
Italian city-states fueled the European Commercial Revolution by participating in competition among themselves that often resulted in war.
Italian city-states fueled the European Commercial Revolution by participating in competition among themselves that often resulted in war.
Italian city-states fueled the European Commercial Revolution by participating in the Middle Ages.
Italian city-states fueled the European Commercial Revolution by participating in trade and developing new banking practices.
The correct response is: Italian city-states fueled the European Commercial Revolution by participating in trade and developing new banking practices.
To arrive at this answer, you can analyze the role of Italian city-states during the European Commercial Revolution. First, during this period, Italian city-states such as Venice, Genoa, and Florence played a crucial role in maritime trade and commerce. They had developed extensive trade networks and established connections with other regions, such as the Middle East and North Africa.
Second, the Italian city-states introduced new banking practices that facilitated trade and finance. The banking families of Florence, like the Medici family, pioneered practices such as double-entry bookkeeping, letters of credit, and bills of exchange. These innovations helped to streamline and secure financial transactions, making trade more efficient and reliable.
Therefore, based on these historical facts, we can conclude that the Italian city-states fueled the European Commercial Revolution by participating in trade and developing new banking practices.