why Mediterranean and European trade were under monopoly of Italy
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India’s trade relations with Europe go back to the ancient days of the Greeks. During the Middle Ages trade between Europe and India and South-East Asia was carried on along several routes.
The Asian part of the trade was carried on mostly by Arab merchants and sailors, while the Mediterranean and European part was the virtual monopoly of the Italians. Goods from Asia to Europe passed through many states and many hands. Yet, trade remained highly profitable.
The Asian part of the trade was carried on mostly by Arab merchants and sailors, while the Mediterranean and European part was the virtual monopoly of the Italians. Goods from Asia to Europe passed through many states and many hands. Yet, trade remained highly profitable.
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