summary of Merchant of Venice Act 1 Act 2 and 3
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Act 1
In Venice, a merchant named Antonio worries that his ships are overdue. As his colleagues offer comfort, his young friends—Bassanio, Graziano, and Lorenzo—arrive. Bassanio asks Antonio for a loan, so that he can pursue the wealthy Portia, who lives in Belmont. Antonio cannot afford the loan. Instead, he sends Bassanio to borrow the money on the security of Antonio's expected shipments.
At Belmont, Portia and her maid, Nerissa, discuss the suitors who have come in response to Portia's father's strange will. The will says Portia may only marry a man who chooses the correct casket made from three possible options: gold, silver, and lead. Much to Portia's distress, all her suitors are unsatisfactory. However, she does fondly remember a time when Bassanio came to Belmont, and that leaves her with some hope.
Bassanio approaches Shylock, a Jewish moneylender, about the loan. Shylock holds a grudge against Antonio for his lending practices and apparent antisemitism. Still he offers Bassanio the loan. Instead of charging interest, seemingly as a kind of joke, he asks for a pound of Antonio's flesh if the loan isn't repaid within three months. The bond is agreed to (who wouldn't agree to that?) and Bassanio prepares to leave for Belmont with his friend Graziano.
Act 2
Meanwhile, one of Shylock's servants, Launcelot, wishes to change masters and persuades Bassanio to employ him. Shylock's daughter, Jessica, also longs to leave home. She wants to become a Christian and marry Antonio's friend Lorenzo. Before he departs to serve his new master, Launcelot takes a letter to Lorenzo that contains plans for Lorenzo and Jessica to elope that night. When Shylock goes out, Jessica escapes to elope, taking gold and jewels with her. The following day, Bassanio sets sail for Belmont, while Shylock rages over the loss of his daughter and the treasures she has stolen.
In Belmont, one of Portia’s suitors (the Prince of Morocco) chooses the golden casket, while another (the Prince of Aragon) selects silver. Both chose the wrong casket and are unsuccessful. As Aragon leaves, Bassanio is announced. Portia eagerly goes to greet him.
Act 3
After a few days, Shylock hears that his daughter Jessica is squandering her stolen wealth in Genoa. He begins to rail bitterly against Christians. He reminds Antonio's friends that if the loan is not repaid on time, he will insist on the original agreement of one pound of flesh.
Back in Belmont, Bassanio chooses the lead casket, and in so doing, he wins Portia. His friend Graziano asks for Portia's maid Nerissa to be his wife. Portia gives her ring to Bassanio, making him promise never to give it to another. As Lorenzo and Jessica come to Belmont, news arrives that Antonio's ships have been lost at sea, and he is now bankrupt. They are also told Shylock insists on the fulfilment of his bond and has had Antonio arrested. Bassanio and Graziano leave in haste to help Antonio. Portia and Nerissa resolve to follow afterwards, disguised as lawyers.
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