annabellesuarez annabellesuarez
  • 17-09-2022
  • History
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the states and kingdoms of Italy lay at the center of Europe's sea trade. Why were so many banking centers located Italy?

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haileybebee0502
haileybebee0502 haileybebee0502
  • 17-09-2022

Answer: see explanation below

Explanation: Italy was Europe’s main economic power. International trade was increasing, but journeys by both land and sea to the rest of Europe and to the Orient were very long and hazardous. The establishment of banks in the main international trading centres was crucial in facilitating commerce.

hope this was helpful :)-hailey

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