At the end of the Middle Age, Genoa, Firenze and Venice were powerful city states that had a vast economic and cultural influence over the rest of Europe, Venice controlled a large part of the trade in the Mediterrannean, so did Genoa, along with strong financial ties with Spain in its early explorations of the New World.
Even though they remained prosperous, the Mediterannean lost its seat as the main commercial hub for trading with the East and the spice road transiting though Alexandria could be circumvented once Portugal found a way through the Cape of Good Hope. So they started losing pace in comparison with the European powers that could engage in colonial ventures and easily access other seas and oceans.
Considering the wealth and power that they had by the 1500s, and bearing in mind that colonisation is really not the easiest route for them (Though Genoa is partly funding Spain so perhaps they could ask for a share), What could Venice, Firenze and Genoa do to remain at least as influential as they had been?
Even though they remained prosperous, the Mediterannean lost its seat as the main commercial hub for trading with the East and the spice road transiting though Alexandria could be circumvented once Portugal found a way through the Cape of Good Hope. So they started losing pace in comparison with the European powers that could engage in colonial ventures and easily access other seas and oceans.
Considering the wealth and power that they had by the 1500s, and bearing in mind that colonisation is really not the easiest route for them (Though Genoa is partly funding Spain so perhaps they could ask for a share), What could Venice, Firenze and Genoa do to remain at least as influential as they had been?