The Wealth of Nations by Part 3 Chapter 3 Page 21

The cities of Italy seem to have been the first in Europe which were raised by commerce to any considerable degree of opulence.

Italy lay in the centre of what was at that time the improved and civilised part of the world. The Crusades too, though by the great waste of stock and destruction of inhabitants which they occasioned they must necessarily have retarded the progress of the greater part of Europe, were extremely favourable to that of some Italian cities. The great armies which marched from all parts to the conquest of the Holy Land gave extraordinary encouragement to the shipping of Venice, Genoa, and Pisa, sometimes in transporting them thither, and always in supplying them with provisions. They were the commissaries, if one may say so, of those armies; and the most destructive frenzy that ever befell the