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Why did merchants earn such large large profits during the gold rush?
They earned so much because they were the only ones who sold food and other things the miners needed and they could make the prices as high as they wanted.
Merchants who followed the armies and sold the various clothing and food items at extremely high prices were called?
Profiteers, but there may be other more specific terms. Profiteering can exist in peacetime as well as war, when greedy merchants see the opportunity to sell necessary goods at exorbitant prices, knowing that their customers have no choice but to pay it. During the American Civil War merchants were licensed to follow the US Army and sell goods. They were called sutlers; some of whom were honest merchants, and others of whom engaged in ruthless profiteering.
What did ancient egyptian merchants sell?
they sold make up and food and robs they sold make up and food and robs they sold make up and food and robs
Why was gold so important?
Because it can be sold at high prices with out being whined at.
Why was tea sold to shop keepers and not merchants?
Merchants are more like dealers (importers) of tea. Shop keepers bought the tea from the merchants, and sold the tea on to the public.
Who sold the africans to the europeans?
African Merchants.
What did merchants from ancient china sell?
they sold money
In what ways were goods made in the early 1700?
they were sold by merchants!
Which do store merchants prefer as payment for goods sold?
cheque
Why where merchants more sucsessful than miners in the California gold rush?
Merchants were more successful than miners because the merchants sold goods that the mines needed.
Why were artisans and merchants considered to be lower in social rank then peasants in shang society?
Peasants are engaged in farming, they raise food, and everyone depends upon food, to a much higher degree than they depend on other products that are either made by artisans or sold by merchants, especially in an overpopulated society where the demand for food always tends to exceed the supply.
Ways in which Africans became slaves?
they were either sold by their king or captured and then sold by various merchants/ traders
