Merchant Of Venice Important Quotes

Then I’ll play the happy fool and get laugh lines on my face. I’d rather overload my liver with wine than starve my heart by denying myself fun. Why should any living man sit still like a statue? Why should he sleep when he’s awake? Why should he get ulcers from being crabby all the time? I love you, and I’m telling you this because I care about you, Antonio—there are men who always look serious. Their faces never move or show any expression, like stagnant ponds covered with scum. They’re silent and stern, and they think they’re wise and deep, important and respectable. When they talk, they think everybody else should keep quiet, and that even dogs should stop barking. I know a lot of men like that, Antonio. The only reason they’re considered wise is because they don’t say anything. I’m sure if they ever opened their mouths, everyone would see what fools they are. I’ll talk to you more about this some other time. In the meantime, cheer up. Don’t go around looking so glum. That’s my opinion, but what do I know? I’m a fool.

That was when the Venetians made an important discovery. More money could be made buying and selling salt than producing it. Beginning in 1281, the government paid merchants a subsidy on salt landed in Venice from other areas. As a result, shipping salt to Venice became so profitable that the same merchants could afford to ship other goods at prices that undersold their competitors. Growing fat on the salt subsidy, Venice merchants could afford to send ships to the eastern Mediterranean, where they picked up valuable cargoes of Indian spices and sold them in western Europe at low prices that their non-Venetian competitors could not afford to offer. This meant that the Venetian public was paying extremely high prices for salt, but they did not mind expensive salt if they could dominate the spice trade and be leaders in the grain trade. When grain harvests failed in Italy, the Venetian government would use its salt income to subsidize grain imports from other parts of the Mediterranean and thereby corner the Italian grain market.

Soon after the marriage of Miss Meg, George, the third son, and youngest of the family, was placed in the counting house of one of the most eminent West Indian merchants at that period in Glasgow. This incident was in no other respect important in the history of the Lairds of Grippy, than as serving to open a career to George, that would lead him into a higher class of acquaintance than his elder brothers: for it was about this time that the general merchants began to arrogate to themselves that aristocratic superiority over the shopkeepers, which they have since established into an oligarchy, as proud and sacred, in what respects the reciprocities of society, as the famous Seignories of Venice and Genoa.

Most important, they banned the use of commenda contracts, one of the great institutional innovations that had made Venice rich. This shouldn’t be a surprise: the commenda benefited new merchants, and now the established elite was trying to exclude them. This was just one step toward more extractive economic institutions. Another step came when, starting in 1314, the Venetian state began to take over and nationalize trade.

In a visionary flash, Priuli foresaw, and much of Venice with him, the end of a whole system, a paradigm shift: not just Venice, but a whole network of long-distance commerce doomed to decline. All the old trade routes and their burgeoning cities that had flourished since antiquity were suddenly glimpsed as backwaters — Cairo, the Black Sea, Damascus, Beirut, Baghdad, Smyrna, the ports of the Red Sea, and the great cities of the Levant, Constantinople itself — all these threatened to be cut out from the cycles of world trade by oceangoing galleons. The Mediterranean would be bypassed; the Adriatic would no longer be the route to anywhere; important outstations such as Cyprus and Crete would sink into decline. The Portuguese rubbed this in. The king invited Venetian merchants to buy their spices in Lisbon; they would no longer need to treat with the fickle infidel. Some were tempted, but the Republic had too much invested in the Levant to withdraw easily; their merchants there would be soft targets for the sultan's wrath if they bought elsewhere. Nor, from the eastern Mediterranean, was sending their own ships to India readily practical. The whole business model of the Venetian state appeared, at a stroke, obsolete.