Which of the following accurately describes the European economic situation in the latter part of the fifteenth century?
A) The most successful economies were in Iberia, where there were few wars to drain the treasury.
B) French merchants were able to control the major trade routes in Europe as a result of long-term peace.
C) Muslim and Jewish merchants controlled banking throughout Spain.
D) The Italian city-states developed sophisticated banking techniques and were trading in silk and spices with the eastern Mediterranean.

Question

Quizplus · Accepted Answer

The Italian city-states, such as Venice and Genoa, were indeed at the forefront of developing sophisticated banking systems and trade networks during the latter part of the fifteenth century. They were key players in the trade of luxury goods like silk and spices, connecting Europe with the eastern Mediterranean and beyond.

Which of the Following Accurately Describes the European Economic Situation