History[[1]]made it difficult for the new European merchants to set up business in town in the 17th and 18th centuries.

[[1]]made it difficult for the new European merchants to set up business in town in the 17th and 18th centuries.


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    Solution:

    Guilds made it difficult for the new European merchants to set up business in town in the 17th and 18th centuries.
    Merchants wanted to use the opportunity of world trade to prosper, but the presence of trade guilds prevented them from establishing any networks. A guild is an association of workers or craftspeople who came together to form an association for mutual aid and to advance their interests. They maintained control over the production process, competition, and prices and rarely allowed outsiders or new people to manufacture or conduct trade. So the new merchants had to move their businesses to the countryside.
     
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