Why did merchants moved to the countryside Europe
Why did merchants moved to the countryside Europe during the seventeenth and eighteenth centuries? Explain.
Answer
Merchants moved to the countryside Europe:
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Expansion of world trade and the acquisition of colonies.
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Powerful urban craft and trade guilds did not allow expansion of production in towns.
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Producers regulated production, competition, prices.
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Rulers also granted different guilds the monopoly right to produce and trade in specific products.
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It was therefore difficult for new merchants to set up business in towns. So they turned to the countryside.