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Q: Why do bankers and merchants reluctantly lend money and give credit when credit began?
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When European colonists came to America they carried their religious disagreements and hopes for religious freedom with them. Also European merchants from other countries envied profits made by Italian merchants. Other Europeans began to want A share of the rich trade in Asian goods. They began to search for a non- Mediterranean water-route to Asia.


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When European colonists came to America they carried their religious disagreements and hopes for religious freedom with them. Also European merchants from other countries envied profits made by Italian merchants. Other Europeans began to want A share of the rich trade in Asian goods. They began to search for a non- Mediterranean water-route to Asia.