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Question
Why were merchants from towns in Europe began to move the countryside in the seventeenth and eighteenth centuries?
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Solution
- Expansion of world trade and the acquisition of colonies.
- Powerful urban craft and trade guilds did not allow expansion of production in towns.
- Producers regulated production, competition, and prices.
- Rulers also granted different guilds the monopoly right to produce and trade in specific products.
- It was therefore difficult for new merchants to set up business in towns. So, they turned to the countryside.
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