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It is wholly to be expected, therefore, that the Venetian archives are the second largest in the world. Only the archives of the Vatican are more extensive. Yet none are more rich or more detailed than the Venetian papers. Some date from the ninth century. Everything was written down, in the hope that older decisions and provisions might still be useful. It is the measure of the efficiency of a state that it preserves its official documentation. In that sense, Venice was very efficient. The Archivio di Stato, just one of the many official archives, contain 160 km (one hundred miles) of files and documents. When the German historian Leopold von Ranke first came upon them in the 1820s he was, like Cortez on a peak in Darien, staring at an ocean; from his encounter with the papers sprang the first exercise in what was known as “scientific history.” They are still an infinite resource for contemporary historians and sociologists, who find there stories and dramas of Venetian life in more profusion than in the scenes of the commedia dell’arte.

IV Republic of Commerce

13

The Merchants of Venice

The genius of the Venetian state lay in commerce and in industry. Trade was in its blood. The city was sustained by what has been described as the first capitalist economy, but the phrase needs refining. It represented the first great triumph of mercantilist capitalism in Europe, the commercial paradigm for seventeenth-century Amsterdam and for eighteenth-century London. In this market-place everyone came to buy or to sell; the artist and the priest, as well as the merchant, sought for profit. The system of trade defined the social and cultural systems of the city; it subsumed them. Fashion and innovation became the key concepts. Rational calculation, and the abstract relations of credit and exchange, fashioned a wholly new kind of society—a society of commodities and a society of consumers. It has been said that the modern economic spirit sprang from the experience of the city. Paris only took on an urban form, for example, when mercatores or merchants settled beside the existing schools and monasteries.

All the actions of Venice, in war and in peace, were determined by the interests of commerce. It conquered only for profit, not for glory, and calculated with cold eye the financial gain to be acquired from the pious aspirations of the Crusades or the brutal sack of Constantinople. Its diplomatic treaties are wrapped in the language of “recompense” and “reparation.” In a private document of the fifteenth century, known as the Morosini Codex

, there is a formulaic sentence for disaster—“many people died and much merchandise was ruined.” The essence of trade lies in further and further expansion, but Venice itself could not grow. So it exploited territories overseas from mainland Italy to the island of Cyprus. At the height of its power, it was the third largest state in Europe. It was also the richest. That is why commercial self-interest became a foundation of national ideology.

The earliest example is that of salt. The dwellers of the lagoon, long before the immigrants from the Veneto ever arrived, had traded in that substance; the lagoon was a perfect place for salt pans, with the brine of the low-lying sea all around. But the Venetians pursued that business with a vengeance. They decided to create a monopoly in the supply of salt to the mainland. By force and by conquest Venice appropriated the other centres of salt production in the territories closest to it. Then it applied itself to the salt producers of the entire Adriatic, compelling or bribing them to close their manufactories; if any salt was produced in overseas territories (as it was in the Venetian colony of Cyprus) it was taken to Venice and stored in great warehouses from where it was despatched to consumers at monopoly prices. Effectively the city put down any hint of competition. This was the Venetian way of doing business. In similar fashion it exploited the appetite for spices that re-emerged in the twelfth century, when the Mediterranean became once more open to traffic. Within a short time it dominated the trade. In the sixteenth century, for example, it imported almost six hundred tons of pepper annually from Alexandria. It even had its own pepper officers.

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