What characterized the government of Venice during its time as a trade empire?

The government of Venice during its time as a trade empire was characterized by its domination by wealthy trade merchants. This unique political structure enabled the merchants to hold significant power and influence over the city-state's political affairs, shaping not only its economy but also its governance. The Great Council, consisting primarily of the noble merchant class, made crucial decisions regarding trade regulations, foreign policy, and other matters of state. As a result, the economic success of Venice, driven by its strategic location for trade between Europe and the East, led to an oligarchic system where wealth was a primary determinant of political power. This system allowed the trade merchants to effectively govern, ensuring that their interests were prioritized in both domestic and international matters, solidifying Venice as a dominant maritime trade empire during its peak.