Wednesday, 23 March 2011

The best time for entrepreneurship
(Part 4 of 4)

Pietro Alvise's double-deck galley was financed, designed, and built in the middle of the worst economic recession that Venice had ever experienced. In June of 1314, the ship sailed away from the Venetian lagoon, arriving two months later in Bruges.

The trade expedition was a resounding success, turned around the economy of the area, and served as a basis for Venetian domination of world commerce during the following decades.


[Image by Jakob Montrasio under Creative Commons Attribution License. See the license terms under]

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