Reasons For The Developments Of Italian Overseas Trade During 12-15 Centuries

It has been the fast-growing period of the carrying trade in Italy from twelfth century to fifteenth century. The reason of it has been various. Each urban republic reinforced the municipal infrastructure. It regulated and exploited the market actively. The system of republic itself had the institutional predominance of promoting the development of the carrying trade.The traders created and improved the venture system,including the substitutional obligation,cooperative contract ,insurance and loan,which contributed to the formation and development of the capital market. The Zion adjusted the economical ethic regularly and this release the mental shackles from these traders. Besides that, with its power ,the church set up educational institution to train the social elite and provided the traders with funds and international protection. These have been the key elements of the development of the carrying trade in these republics during this period.The profound international background was another important factor of the prosperity of the trade. The business revival offered a broad market to the trade. The countries in northwest Europe were relatively lagged and were located in the marginal or submarginal areas of the division of the European market, Byzantine Empire appeared to be fading and faced the interior as well as the exterior circumstances and all these elements gave a upstanding chance to the development of the carrying trade in Italy.