AN EXEMPLARY MARITIME REPUBLIC: VENICE AT THE END OF THE MIDDLE AGES Part III

Bernard Doumerc Henceforth, the state owned the merchant fleet, chartering galleys to merchants who operated them. The operator was the highest bidder in the auction for charters. Only nobles were allowed to participate in this auction, an exclusive privilege that gave them control of the financial and commercial operations of the fleet, in return for […]

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