WORLD HISTORY

Detailed explanation-1: -A merchant is a person who trades in commodities produced by other people, especially one who trades with foreign countries. Historically, a merchant is anyone who is involved in business or trade. Merchants have operated for as long as industry, commerce, and trade have existed.

Detailed explanation-2: -Merchants from towns in Europe began to move countryside in seventeenth and eighteenth centuries because of trade guilds, associations of producers, trained craftsmen and artisans who restricted the entry of new people into the trade.

Detailed explanation-3: -The Renaissance time occurred between the 14th to 16th century C.E, and during this era, merchants became even more wealthy and powerful. Some merchants became prominent bankers specializing in foreign trade and exchange.

Detailed explanation-4: -Merchants became wealthy and powerful by selling a variety of goods from faraway lands, dominating the town’s business life, and joining town councils.