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Vasilief, A History of the Byzantine Empire

The fall of Byzantium

The policies of Byzantium in the fourteenth century

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Genoa, the Black Death of 1348, and the Venetian-Genoese War. Toward the end of the reign of Andronicus III, the Genoese colony of Galata had obtained a powerful economic and political position and was a sort of state within the state. Taking advantage of the absence of the Byzantine fleet, the Genoese sent their vessels to all the ports of the Archipelago and seized the whole import trade in the Black Sea and in the Straits. A contemporary source, Nicephorus Gregoras, stated that the income from custom duties of Galata amounted annually to 200,000 gold coins, while Byzantium received barely 30,000. Realizing the danger to Byzantium from Galata, Cantacuzene, notwithstanding the internal strife that was wasting the country, started, as far as the disordered finances of the Empire permitted, to build vessels for military and commercial use. The alarmed population of Galata determined to resist Cantacuzene's plans by force; they occupied the heights commanding Galata and there erected walls, a tower, and various earthen fortifications, and took the initiative against Cantacuzene. The first attack of the Genoese upon Constantinople itself was a failure. The vessels built by Cantacuzene entered the Golden Horn to fight the Genoese, who at sight of the strength of the new Byzantine fleet were on the point of making peace. But the inexperience of the Greek commanders and the outbreak of a storm led to the crushing of the Greek fleet. The Genoese at Galata decorated their vessels and sailed triumphantly by the imperial palace, mocking the imperial flag which had been taken from the defeated Greek ships. According to the conditions of peace, the debatable heights over Galata remained in the hands of the Genoese, and Galata became increasingly dangerous to Constantinople.

This increase in Genoese influence, already great, could not fail to affect the position of Venice, Genoa's chief commercial foe in the East. The interests of both republics clashed acutely in the Black Sea and in the Maeotis (the Sea of Azov), where the Genoese had established themselves at Kaffa (Caffa, present-day Theodosia in the Crimea) and Tana, at the mouth of the River Don (near present-day Azov). The Bosporus, the entrance into the Black Sea, was also in the hands of the Genoese, who, also possessing Galata, had organized on the shore of the Straits a sort of customs house which took commercial tolls from all vessels not Genoese, especially Venetian and Byzantine, sailing into the Black Sea. Genoa's goal was the establishment of a trade monopoly in the Bosporus. The interests of Venice and Genoa also came into collision in the islands and on the coast of the Aegean Sea.

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Reference address : https://www.ellopos.net/elpenor/vasilief/policies-byzantium-fourteenth-century.asp?pg=5