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The Phase of Proto-Industrialisation

What made it ...

Question

What made it difficult for new merchants to establish a business in the towns during the age of proto industrialisation?

A

Monopoly rights of guilds.

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B

Ease of establishing new business.

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C

Presence of rural merchants.

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D

Presence of indigenous industries.

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Solution

The correct option is A Monopoly rights of guilds.
Guilds were granted monopoly rights by rulers which allowed them to produce and trade specific goods. The guilds made it very difficult for new merchants to establish a business in the towns.

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Q. Let us suppose that Jayrne and Larcer were two fictional towns in Britain during the 1820s. Jayrne was a town that had a high unemployment rate and was known to keep to itself. Larcer, on the other hand, was a developed and wealthy town that had a grand bazaar where merchants sold their wares from all over the world. It was a relatively well-connected town that saw a range of interactions for the sake of business and trade. Which of the two towns would most likely have experienced the effects of the Industrial Revolution first and why?

Q. Let us suppose that Jayrne and Larcer were two fictional towns in Britain during the 1820s. Jayrne was a town that had a high unemployment rate and was known to keep to itself. Larcer, on the other hand, was a developed and wealthy town that had a grand bazaar where merchants sold their wares from all over the world. It was a relatively well-connected town that saw a range of interactions for the sake of business and trade. Which of the two towns would most likely have experienced the effects of the Industrial Revolution first and why?

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