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Posted by / 20-Jul-2017 01:15

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(116,347 sq mi) and has a largely temperate seasonal and Mediterranean climate.With around 61 million inhabitants it is the fourth most populous EU member state.Nevertheless, Italy's commercial and political power significantly waned with the opening of trade routes which bypassed the Mediterranean.Furthermore, the Italian city-states constantly fought one another, culminating in the Italian Wars of the 15th and 16th centuries that left them exhausted, with none emerging as a dominant power.In the wake of Julius Caesar's rise and death in the first century B.C., Rome grew over the course of centuries into a massive empire stretching from Britain to the borders of Persia, and engulfing the whole Mediterranean basin, in which Greek and Roman and many other cultures merged into a unique civilisation.Today Italy has the third largest nominal GDP in the Eurozone and the eighth largest in the world.As an advanced economy the country also has the sixth worldwide national wealth and it is ranked third for its central bank gold reserve.

At its height under Trajan, it covered 5 million square kilometres.The long and triumphant reign of its first emperor, Augustus, began a golden age of peace and prosperity.The Roman Empire was among the most powerful economic, cultural, political and military forces in the world of its time.During the Early Middle Ages, Italy suffered sociopolitical collapse amid calamitous barbarian invasions, but by the 11th century, numerous rival city-states and maritime republics rose to great prosperity through shipping, commerce and banking, laying down the groundwork for modern capitalism.The Renaissance began in Italy and spread to the rest of Europe, bringing a renewed interest in humanism, science, exploration and art.

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