What were the traveling practices of merchants, roughly between the Middle Ages and the Renaissance?

How did merchants travel in medieval times?

Most of the large loads of merchandise were moved by sea and by rivers since the antiquity to the modern times. Roads were rare, in poor condition most of the time, and dangerous.

How did ancient merchants travel?


How far did medieval merchants travel?

Travel through History in Medieval Times How Fast Could People Journey? Whilst the average Medieval peasant could walk at approx. 3 miles per hour, covering a mile every 20 minutes, professional couriers could trek up to 31, or 38 miles a day by foot!

What were merchants like in the Middle Ages?

Although the term “merchant” simply refers to one who resells goods to make a profit, there were two main types of merchants during medieval times. Those who bought goods locally or from local wholesalers and sold to those in their area were local merchants, or retailers.

What did medieval merchants do in their free time?

The merchants had very little free time to have “hobbies.” The merchants would usually: Play cards. Play chess.

What were the roles of merchants?

The merchant is an agent dedicated to the procurement, movement, and exchange of goods. The more vital resource movement is in meeting provisioning needs, the more important the role of merchant traders becomes within society.

What did merchants do in the Renaissance?

During the Renaissance merchants made use of their knowledge of international markets and trade goods to expand their operations. Some of these merchants became important bankers. They began making loans, transferring funds to different locations, and exchanging various forms of money.

How did traders travel?

Traders had to find ways to move their goods efficiently. To travel overland, the camel was favored mode of transportation. Nomadic peoples in central Asia started domesticating camels as early as the second millennium BCE.

How did merchants travel with caravans?

Caravanserais: cross-roads of commerce and culture along the Silk Roads. The inland routes of the Silk Roads were dotted with caravanserais, large guest houses or hostels designed to welcome travelling merchants and their caravans as they made their way along these trade routes.

How did merchants travel the Silk Road?

Merchants and tradesmen traveled in large caravans. They would have many guards with them. Traveling in a big group like a caravan helped in defending from bandits. Camels were popular animals for transport because much of the road was through dry and harsh land.

What did the colonial merchants do?

Instead most colonial merchants in the port cities made a living by diversifying their activities. They worked as middlemen, coordinating the buying and selling of goods between overseas suppliers and the numerous storekeepers and farmers who lived outside of the main cities.

What did merchants do in the Silk Road?

Merchants on the silk road transported goods and traded at bazaars or caravanserai along the way. They traded goods such as silk, spices, tea, ivory, cotton, wool, precious metals, and ideas. Use these resources to explore this ancient trade route with your students.

How did the merchants make money?

A merchant is someone who makes money by buying and selling things that other people make. For example, the owner of a car dealership is a merchant; he doesn’t make the cars, he buys them from Ford and Honda and other auto manufacturers and sells them at his dealership.

How did the merchant class influence the Renaissance?

The merchant class in northern Italy influenced the Renaissance both by pursuing art in times where there were few opportunities to expand, and by becoming intensely involved in political life. Since merchants had to earn their success, their belief in individual achievement became important during the renaissance.

Who were the merchant class during Renaissance?

They were wholesalers, bankers, distributers, and manufacturers. Many became enormously wealthy, built palaces, funded popes and princes, and dominated political life in city. The social influence of this merchant class was very important.

How were merchants treated in medieval Europe?

The merchant, as a class, was discriminated against for not contributing to these essential duties, but rather for aiming to get rich himself. His pursuit of gain was considered against the laws of God, because he was not a producer of real goods, but rather a resaler, or a usurer.

How did medieval merchants live?

Poorer merchants lived in their shops or stores. More prosperous merchants built nice houses made of brick. They would have glass windows, fireplaces, etc.

What were the challenges faced by the merchants?

Problems encountered by merchants

  • Merchants had to pass many kingdoms and forests.
  • Travelled in caravans.
  • They had to carry goods on the back of camels, donkeys, and horses.
  • Their goods were looted frequently.
  • Competition with European traders.

What are the benefits for becoming a merchant?

The Benefits of a Merchant Account

  • 1 – Accept Credit Cards. One of the most important benefits a merchant account can bring is the ability to accept credit and debit cards. …
  • 2 – Increase Sales. …
  • 3 – Better Money Management. …
  • 4 – Avoid Bad Checks. …
  • 5 – Customer Convenience.

What were guilds name two guilds of South India?

Sankarappadi guild and Saliya Nagarattar guild: were specialised merchant guilds that functioned in urban centres. Manigramam guild: flourished in Tamil Nadu in the Pallava and Chola periods and was active in South-east Asia. Nakara guild: also known as Nagara and Nakaramu.

What are some of the pressing issues confronting the administration of the local government?

Here are the key issues local governments will confront in 2021: Pandemic recovery and associated economic impacts: Most communities are facing the loss of local businesses, high unemployment, and the potential for evictions and continued economic disruption in tourism, restaurants, hospitality, and performing arts.

What are the issues problems and concerns of public organizations in the field of governance?

12 Grand Challenges in Public Administration

  • Protect Electoral Integrity and Enhance Voter Participation.
  • Modernize and Reinvigorate the Public Service.
  • Develop New Approaches to Public Governance and Engagement.
  • Advance National Interests in a Changing Global Context.
  • Foster Social Equity.

How are the local government finance differ from the national finance?

In the US, there are three central features that make local government finance distinctly different from public finance at the national or even the state level: property taxes are responsible for the majority of local taxes, intergovernmental transfers provide about one-third of local revenues, and localities typically

What are challenges facing local government in revenue collection?

Recent studies conclude that this is due to: (1) poor administrative capacity to assess the revenue base; (2) poor administrative capacity to enforce the taxes; (3) explicit and intentional tax evasion and resistance from taxpayers; (4) corruption, including embezzlement of revenues; (5) external pressure on the local …

What is the meaning of public finance?

Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.

What are the internal and external sources of local government revenue in Nigeria?

There are two major sources of local government finance in Nigeria, namely, internally generated revenue (which is revenue generated within the local government area of administration and it entails local tax or community tax, poll tax, or tenement rates, user fees and loans); and externally generated revenue which …

What is local government accounting?

Local government accounting software is used by public institutions and agencies within states, counties, municipalities, and special districts to record and report how funds are used and managed.

Which software application is being used for planning budgeting and accounting at local level?

Sage Intacct. SAP Anywhere. SAP ERP Core Finance. VersAccounts Small Business Cloud ERP.

What is commercial accounting?

a method of economic management in which cost (monetary) comparisons are made between expenditures for and results of economic activity. The method is used by capitalist enterprises (firms and companies) to obtain maximum profit with minimum capital expenditures.

Is the Local Government Unit LGU interested in your accounting reports why?

Is the Local Government Unit (LGU) interested in your accounting reports? – Yes. The LGU will check whether you are paying your local taxes. – As required, businesses must have a business permit before they are allowed to operate in the city or municipality.

What is internal users of financial information?

Internal users are people within a business organization who use financial information. Examples of internal users are owners, managers, and employees. External users are people outside the business entity (organization) who use accounting information.

Are the lenders creditors interested in your accounting reports why?

Creditors are lenders of a company and they are generally interested in the financial statements to get an idea about the credit-worthiness and…