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Why did the European merchants generally trade gold an silver for Chinese goods in Ming dynasty rather than trade manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
What is an annual trade gathering called in medieval times?
A variety of goods that were not produced locally would be available. Merchants would travel long distances to attend trade fairs in different towns. At the trade fairs, merchants would sell goods such as spices and silk that were not locally produced.
The three way trade New England merchants established with the Caribbean colonists in order to acquire british goods is an example of what?
The three way trade New England merchants established with the Caribbean colonies in order to acquire British goods is an example of triangular trade. The rise of trade in New England led to the rise of cities along the coast.Ê
What increase in trade for the Safavid empire?
The merchants constantly traveled to new areas and they then exported to russia many items and goods
What law only taxed the merchants?
The law that primarily taxed merchants was the Navigation Act, enacted by England in the 17th century. This series of laws aimed to regulate colonial trade and ensure that it benefited England economically by requiring that certain goods be transported on English ships and that merchants pay duties on those goods. The acts were part of a broader mercantilist strategy to control trade and maintain wealth within the empire.
What did Italian Merchants trade with?
Italian merchants were known for trading a variety of goods, including spices from the East, silk fabrics, and precious metals. They also traded in luxury items such as art, glassware, and ceramics, contributing to the prosperity of Italian city-states during the Medieval and Renaissance periods.
Merchants encouraged people to bring their goods for trade by setting up?
trade fairs
Did the Italian merchants expand their trade market because of the Crusades?
false
What did foreign merchants bring to Aksum?
the foreign merchants brang new idea's and beliefs,along with trade goods.
How was Mayan trade done?
Mayan merchants traveled widly to trade goods in low and high lands
Why did non-Italian Europeans seek new trade routes to Asia?
Italian murchants made huge profits by trading Asian goods. Italians used military strength to control the trade on the mediterranean and didn't allow other Europeans to take part in it. Merchants and other Europeans envied the profits made by Italian merchants, and found new routs to Asia. Sources: Creating America book and My Great Brain ;)
Why did the use of money trade to grow?
because the merchants where exchanging goods for money
What's sumerian merchants?
Sumerian merchants are people (in or from Sumer (soo-mur) that sell, buy, and trade goods. They traded good to get what they needed.
What business practices were pioneered by merchants in Muslim lands?
The Muslim merchants experimented with trade and manufactured goods that only had high values.
Why did the use money help trade to grow?
because the merchants where exchanging goods for money
Why did the use of money help the trade to grow?
because the merchants where exchanging goods for money
Why did European merchants generally trade gold and silver for Chinese goods in ming china rather than trade manufactured goods of their own?
European manufactured goods were generally of lower quality than Chinese goods.
