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In the and centuries, merchants from European cities began to move to the countryside.

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Detailed Solution

In the seventeenth and eighteenth centuries, merchants from European cities began to move to the countryside. It lent money to peasants and artisans and convinced them to produce for an international market. With the expansion of global trade and the establishment of colonies in many regions of the world, the demand for products began to rise. It was due to the power of urban crafts and trade guilds in this region. These were producer associations that taught craftspeople, maintained control over production, regulated competition and prices and restricted new entrants into the trade.

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