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explain what is one similarity in how states and rulers fostered and promoted trade and exchanges during the period 1200-1450

User A Gore
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Final answer:

One similarity is that both states and rulers established monopolies and promoted safe trade routes to enhance trade, generate revenue, and secure the flow of goods during the period 1200-1450.

Step-by-step explanation:

One similarity in how states and rulers fostered and promoted trade and exchanges during the period 1200-1450 is through monopolies and fostering safety of trade routes. States often granted or sold exclusive trading rights, setting up territorial or commodity-based monopolies. This not only provided a source of revenue for rulers, as with European trading companies in East Asia, but also motivated these companies to maintain and enhance the security of trade routes for a stable flow of goods.

Additionally, the rise of financial structures such as governments issuing debt, the use of banks, and joint stock companies facilitated trade. For example, in Italy, city-states created a robust commercial infrastructure, doubling as political powerhouses and significantly enhancing the safety and predictability of the trading environment, promoting trade expansion.

User Dillon Miller
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