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How did Venice's monopoly of ancient trade routes to the East set the course of subsequent human history?
How did Venice's monopoly of ancient trade routes to the East set the course of subsequent human history?
Expert Solution
In 1453, the Venetians were involved in the business except for Mehmed II the amount was imposed on the consumers which are charged by Italians. It was around 500 percent. The profit was made by Prince Henry the Navigator. He financed a share of 25 percent. At the time of 1492, Portugal reached India and at the time of 1513, they reached China.
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