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How did merchants become the most wealthy and powerful members of town?
Wiki User
∙ 9y ago
Merchants banded together to create guilds, and the guilds controlled prices and standards of trade.
In many places, the merchants and guilds of towns and cities banded together to form the medieval communes, which were cities with republican governments or governments that were partly republican. These cities banded together to form, for example, the Hanseatic League. The goal was to produce greater protection of trade and manufacturing, and this produced a stable environment in which the merchants were able to prosper.
Merchants took advantage of improved trade routes, such as the Silk Road, to import expensive goods.
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Wiki User
∙ 13y ago
Wiki User
∙ 13y agoBecause the towns grew larger and more money was made.
Wiki User
∙ 9y agoMerchants became the most wealthy and powerful members of town because they controlled import and export of goods. They also had control over prices and could make large profits.
Wiki User
∙ 11y agothey had goods that people needed and made profits
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Because the towns grew larger and more money was made.
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