Another reason for the decline of Venice was due to Maritime competition. One of these maritime competition was rise of new trade rivals which caused Venice's economy to go down. In the 17th century, the Dutch and British rose as trade rivals. The Dutch bypassed the east to get supplied while the British specialised in bringing cotton and pepper from India, and tea and porcelain from China. This resulted in a rise of competition in trade between Venice against the Dutch and the British. Venice responded by imposing protectionist policy, in which higher duties were imposed on foreign traders. This made it more costly to trade with Venice and more traders were unwilling to visit Venetian ports. This caused Venice to lost its monopoly of trade and Venice lost many trading opportunities and trade partners. Hence, this led to the the decline of Venice because their trade was affected and since trade was affected, Venice economy was badly affected as well. With a decline in economy, Venice was no longer rich and prosperous and thus, Venice decline due
Another reason for the decline of Venice was due to Maritime competition. One of these maritime competition was rise of new trade rivals which caused Venice's economy to go down. In the 17th century, the Dutch and British rose as trade rivals. The Dutch bypassed the east to get supplied while the British specialised in bringing cotton and pepper from India, and tea and porcelain from China. This resulted in a rise of competition in trade between Venice against the Dutch and the British. Venice responded by imposing protectionist policy, in which higher duties were imposed on foreign traders. This made it more costly to trade with Venice and more traders were unwilling to visit Venetian ports. This caused Venice to lost its monopoly of trade and Venice lost many trading opportunities and trade partners. Hence, this led to the the decline of Venice because their trade was affected and since trade was affected, Venice economy was badly affected as well. With a decline in economy, Venice was no longer rich and prosperous and thus, Venice decline due