History of Corsica of 1755 and under partial control until its purchase by France in 1768. However, the dissension and political conflict at home did not always permit Doges of Genoa to govern Corsica well or at all. During such periods the island was subject to destructive conflict between coalitions of signorial families. The Bank of Saint George became involved as a major creditor of the Republic of Genoa. As security for their public loans they had obtained a franchise to collect public money; i.e., taxes. In 1453 the people of Corsica held a general assembly, or Diet, at Lago Benedetto at which
Ancient Corsica the strait separating the island from Sardinia to the south was the "Fretum Gallicum". The location of the island between the Italian mainland to the east, the Gallic mainland to the north, and Sardinia to the south, made Corsica an important strategic point for control of the western Mediterranean sea. Additionally, the island was a significant hub of Mediterranean trade. Corsica was described by Theophrastus as thickly wooded and mountainous. Only the flat, coastal area was suitable for agriculture - especially the space around Aleria on the east coast - the island mainly produced timber and raw materials like copper,