during the middle ages increases in trade commerce and culture resulted from
Late Middle Ages In the late 13th and early 14th centuries, a process took place – primarily in Italy but partly also in the Empire – that historians have termed a 'commercial revolution'.[128] Among the innovations of the period were new forms of partnership and the issuing of insurance, both of which contributed to reducing the risk of commercial ventures; the bill of exchange and other forms of credit that circumvented the canonical laws for gentiles against usury, and eliminated the dangers of carrying bullion; and new forms of accounting, in particular double-entry bookkeeping, which allowed for better oversight and accuracy.[129]
Byzantine economy One of the economic foundations of the empire was trade. Constantinople was located on important east-west and north-south trade routes. Trebizond was an important port in the eastern trade. The exact routes varied over the years with wars and the political situation. Imports and exports were uniformly taxed at ten percent.