Venice monopolized salt after the fall of the Roman Empire. Venice was settled on islands in the Adriatic and had many lagoons which were protected by sand bars. On the sandbars, which are called lidis, ancient people had vacation homes and went to resorts there. I found this interesting because I didn't think that people back then took vacations. Even today the sandbars are a popular tourist attraction.
Venetians used the geography of the land to create salt ponds. From these ponds they created a fine salt. When they wanted a courser salt they imported it. The Venetians realized that more money could be made by buying and selling salt than producing it. They used this technique to create a monopoly. They could then afford to sell goods at lower prices that their competitors could not keep up with. I wonder if this was like the Rockefeller oil monopoly? The Venetians' system of trade worked well so they kept growing in power. Venice was very into controlling the salt trade. When they wanted to increase the price of salt they had all the salt works in Crete destroyed and banned local trade of salt. This would be equivalent to countries destroying their oil to increase the price of oil. I could just imagine the reaction people would have to this and it would not be pretty.
The famous explorer Marco Polo was from Venice. He went with his father on a twenty five year adventure exploring many lands. A controversy evolved about whether Marco really went on all the adventures he said he did. Even if his adventures were not true he created interesting reading material and sparked an interest in China.
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4 years ago
5 comments:
Yea that right "keep on saltin"..... I thought it was interesting reading about marco polo and his fathers journey. It was cool to read about a city other than Rome in Italy. I was suprised by how my they impacted that trade of salt.
I thought that the Venetians were very smart to create salt ponds. It was very unique. I did not know that people back then took vacations either. I guess they needed to get away just like people today do. The Venetians were over all very intelligent people. Good connection with the oil. I think people would break out in riots if this happened with oil.
I didn't connect the destruction of salt mines to the destruction of oil, but you're totally right, destruction of oil wells is a big stratigic blow on enemies in the Middle East, and it affects people living halfway around the world.
A vacation on the sandbars would be another wonderful vacation. I would so go! When I think about monopolies I think about China. They are going to take over the world. I think it is a very smart idea for their part, but I don't think that it should be allowed.
Venice did make a big impact on Italy's ancient trade monopoloy. We studied about Villas, which are get away homes built by Romans to vacation in, so like in today's world, people still needed to vacation I guess.
Cool connection to oil & salt. That's the sort of thing I look for in reading these blogs. Excellent thinking there.
We will never know all the "true" details as to Polo's visit, but one thing is for sure; he gets a lot of credit for being one of the 1st Europeans to journey there and back again. He (maybe wrongly) becomes the authority on Asian matters, and he winds up in jail at the end for his writings.
Mr. Farrell
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