goods by withdrawing their custom; and scamped work, adulteration, and
fraud were common.
=159. Development of the commercial organization. Rise of
wholesalers.=—Reviewing the substance of the last few paragraphs we
find that the advance in agriculture was local and incomplete, while
in manufactures it failed, in great measure, to displace a wornout
system inherited from a preceding period. Only in commerce itself were
the changes rapid and general in western Europe. Methods of business
which before had been practised in only a few Italian cities, were now
adopted in the country north of the Alps, and developed rapidly in the
leading commercial districts.
A class of professional wholesale merchants now sprang up. Before
this time, of course, merchants had on occasion dealt in considerable
quantities of wares, but even the leading medieval merchants seem to
have been glad to keep up their business by selling in small quantities
to consumers. Only in the last century of the Middle Ages do we find in
Germany merchants who confined themselves entirely to wholesale trade.
As yet they had not become specialists in any one particular ware. An
idea both of the variety and of the extent of their transactions can
be gained from the business of John von Bodeck, who was a merchant in
Frankfort about 1600. He bought silk and drugs in Venice, spices in
Amsterdam, and sent them for sale to Hamburg; he bought iron and wax in
Hamburg and sent them to Spain; he bought indigo and wool in Spain and
sent them to Amsterdam and Antwerp; he bought rye in Amsterdam and sent
it to Genoa.
Public-domain text, read in full here on John Shaqi.
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