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During the Age of Exploration, merchants raised funds for overseas trade primarily through the establishment of joint-stock companies, which allowed investors to pool their resources and share both the risks and profits of long-distance voyages. They also sought loans from banks and wealthy individuals, often offering cargo or future profits as collateral. Additionally, some merchants secured financing through government support, including grants and subsidies from monarchies eager to expand trade and influence. This financial innovation enabled more ambitious exploration and the establishment of trade networks.
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What did Sargon do to raise money to pay his army and buy the loyalty of his supporters?
by controlling trade routes and taxing merchants
What is terry fox's accomplishments?
Terry Fox tried to run across Canada to raise money for cancer
How much money did terry raise?
he raised 3.5 million dollars
Why did terry call his marathon the marathon of hope?
Because he was trying to give hope to people with cancer that he may raise enough money to find a cure.
How does an oligarchy raise money?
The same ways a democracy does, by imposing taxes and by issuing bonds and other loans. And in the case of Arab countries, by selling oil.
How did merchants raise the money for overseas trade?
They asked for grants
How did merchants raise money to invest in exploration?
Merchants raised money to invest in exploration by holding raffles and contests in parts of Europe. Some merchants set up street markets as well as their established buildings to make extra money for exploration.
What was the best way for merchants to raise large amounts of money to fund major projects like exploration and setting up colonies?
set up joint-stock companies
What did Sargon do to raise money to pay his army and buy the loyalty of his supporters?
by controlling trade routes and taxing merchants
How did merchants raise money?
Merchants raised money through various means, including loans from banks, borrowing from private lenders, and pooling resources with investors or partners. They also utilized trade credit, extending payment terms with suppliers to manage cash flow. Additionally, some merchants engaged in crowdfunding or pre-selling goods to customers to secure upfront capital.
How did the British attempt to raise revenue in the Northern colonies?
Britain tried to raise money to repay war debts in various ways. They raised the taxes and levies, they also worked hard to stop free trade by merchants among other things.
How do WaterAid raise money?
how do water aid raise money
How does a theocracy raise money?
they do stuff to raise it so dont ask me weirdos
What is the affect of global outsourcing?
Global outsourcing is purchasing inputs from overseas suppliers or producing a product overseas, so as to lower production costs and/or raise the quality of the product.
Did the army sell bonds to raise money during the revolutionary war?
The Government Sold The Bonds To Raise Money ;pp
How does the government raise money in direct democracy?
They raise money through the people. For example taxes.
A country attempts to raise money by charging extra taxes on trucks carrying foreign cargo across its territory. Which of these countries followed a similar strategy during the Age of Exploration?
The Ottoman Empire.
