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Monday, June 4, 2018

Economics in Europe

1.     Explain the role of merchants in pushing Europe into exploring the rest of the world. 

Well they wanted to travel a lot to far off places to trade. So those new places got explored, and the merchants also got goods from those new places to show back at his home. He could trade it for more.


2.     Explain how merchants were able to reduce the risk of these adventures 

So the Merchants all had a lot of money, but sometimes on adventures they got robbed and they lost a lot of money. So the merchants all gathered together and decided that they should put all of their money together and then if one guy got robbed then they still had enough money for that guy. It was kind of like insurance today.

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