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10 - Thevia italianato capitalism

Published online by Cambridge University Press:  05 March 2014

Larry Neal
Affiliation:
University of Illinois, Urbana-Champaign
Jeffrey G. Williamson
Affiliation:
Harvard University, Massachusetts
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Summary

This chapter examines some features of Italian economic history concerning mostly international trade and deals with finance, the other great sector which made the fortune of the peninsula. The Italian case presents a Mediterranean version of continental capitalism, where kinship and social groups form a base of reciprocity and relationships of trust. The roles of Genoa and Venice also developed by means of colonial expansion in the eastern Mediterranean and Black Sea. Regarding the economic aspects of the alberghi, the interfamily relationships represented a crucial aspect of Genoese economic growth during the late middle ages. During the late middle ages, central northern Italy witnessed the emergence of a new urban and mercantile society. Between the sixteenth and seventeenth centuries, however, the international market witnessed structural changes; the economic center began to move from the Mediterranean to the North Sea and new countries emerged in the international competition.
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Publisher: Cambridge University Press
Print publication year: 2014

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