Rialto
Encyclopedia
The Rialto is and has been for many centuries the financial and commercial centre of Venice. It is an area of the San Polo
San Polo
San Polo is the smallest of the six sestieri of Venice, northern Italy, covering 86 acres along the Grand Canal. It is one of the oldest parts of the city, having been settled before the ninth century, when it and San Marco formed part of the Realtine Islands...

 sestiere of Venice
Venice
Venice is a city in northern Italy which is renowned for the beauty of its setting, its architecture and its artworks. It is the capital of the Veneto region...

, Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...

, also known for its market
Market
A market is one of many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services in exchange for money from buyers...

s and for the Rialto Bridge
Rialto Bridge
The Rialto Bridge is one of the four bridges spanning the Grand Canal in Venice, Italy. It is the oldest bridge across the canal, and was the dividing line for the districts of San Marco and San Polo.- History :...

 across the Grand Canal
Grand Canal
Grand Canal can refer to multiple waterways:* Grand Canal in eastern China* Grand Canal in Venice, Italy* Grand Canal , between the river Shannon and Dublin in Ireland* Grand Canal d'Alsace in eastern France...

.

The area was settled by the ninth century, when a small area in the middle of the Realtine Islands either side of the Rio Businiacus was known as the Rivoaltus, the "high bank". Soon, the Businiacus became known as the Grand Canal
Grand Canal of Venice
The Grand Canal is a canal in Venice, Italy. It forms one of the major water-traffic corridors in the city...

, and the district became the Rialto, referring only to the area on the left bank.

The Rialto became an important district in 1097, when Venice's market moved there, and in the following century a boat bridge was set up across the Grand Canal providing access to it. This was soon replaced by the Rialto Bridge
Rialto Bridge
The Rialto Bridge is one of the four bridges spanning the Grand Canal in Venice, Italy. It is the oldest bridge across the canal, and was the dividing line for the districts of San Marco and San Polo.- History :...

.
The market grew, both as a retail
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...

 and as a wholesale
Wholesale
Wholesaling, jobbing, or distributing is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services...

 market. Warehouse
Warehouse
A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities and towns. They usually have loading docks to load and unload...

s were built, including the famous Fondaco dei Tedeschi
Fondaco dei Tedeschi
The Fondaco dei Tedeschi is a historic building in Venice, northern Italy, situated on the Grand Canal near the Rialto Bridge. It was the headquarters and restricted living quarters of the city's German merchants...

 on the other side of the bridge. Meanwhile, shops selling luxury goods, bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

s and insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 agencies appeared and the city's tax
Tax
To tax is to impose a financial charge or other levy upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities...

 offices were located in the area. The city's abattoir was also in the Rialto.

Most of the buildings in the Rialto were destroyed in a fire in 1514, the sole survivor being the church San Giacomo di Rialto
San Giacomo di Rialto
San Giacomo di Rialto is a church in the sestiere of San Polo, Venice, northern Italy. It is believed to be the oldest church in the city, supposedly consecrated in the year 421. It survived a fire in the Rialto in the early 16th century. It is notable for the large 15th century clock above the...

, while the rest of the area was gradually rebuilt. The Fabriche Vechie dates from this period, while the Fabbriche Nuove is only slightly more recent, dating from 1553. The statue Il Gobbo di Rialto
Il Gobbo di Rialto
Il Gobbo di Rialto or the Hunchback of the Rialto is a granite statue of a hunchback found opposite the Church of San Giacomo di Rialto at the end of the Rialto in Venice....

 was also sculpted in the sixteenth century.

The area is still a busy retail
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...

 quarter, with the daily Erberia greengrocer
Greengrocer
A greengrocer or fruiterer is a retail trader in fruit and vegetables; that is, in green groceries. Greengrocer is primarily a British and Australian term, and greengrocers' shops were once common in suburbs, towns and villages...

y market, and the fish
Fish
Fish are a paraphyletic group of organisms that consist of all gill-bearing aquatic vertebrate animals that lack limbs with digits. Included in this definition are the living hagfish, lampreys, and cartilaginous and bony fish, as well as various extinct related groups...

 market on the Campo della Pescheria.

The Rialto is also mentioned in works of literature, notably in Shakespeare's The Merchant of Venice
The Merchant of Venice
The Merchant of Venice is a tragic comedy by William Shakespeare, believed to have been written between 1596 and 1598. Though classified as a comedy in the First Folio and sharing certain aspects with Shakespeare's other romantic comedies, the play is perhaps most remembered for its dramatic...

(at the opening of Act I, Scene III, where Shylock
Shylock
Shylock is a fictional character in Shakespeare's The Merchant of Venice.-In the play:In The Merchant of Venice, Shylock is a Jewish moneylender who lends money to his Christian rival, Antonio, setting the security at a pound of Antonio's flesh...

 asks "What news on the Rialto?") and in Elizabeth Barrett Browning's Sonnets from the Portuguese
Sonnets from the Portuguese
Sonnets from the Portuguese, written ca. 1845–1846 and first published in 1850, is a collection of forty-four love sonnets written by Elizabeth Barrett Browning. The poems largely chronicle the period leading up to her 1846 marriage to Robert Browning...

 (Sonnet 19: "The soul's Rialto hath its merchandise...")

Dionne Warwick
Dionne Warwick
Dionne Warwick is an American singer, actress and TV show host, who became a United Nations Global Ambassador for the Food and Agriculture Organization, and a United States Ambassador of Health....

performed here her first Live TV Concert in 1983 for America.

External links

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