Question

what was the importance of merchants and bankers in the 18th century ad​

Answer 1

Answer:

Explanation:

The extent of influence of the merchants and bankers on the state was very high in the 18th century. They had a powerful say in politics and administration. In modern times, merchants and bankers hold importance just in the economy. But they do not have such a powerful say in politics and administration.

Answer 2

Answer:

Their trading in bills of exchange created a well-integrated international exchange market. The exchange business drew them into lending, and they became the principal financiers of international commerce. Merchant bankers also played a pivotal role in bringing sovereign borrowers into the international money market.

Explanation:

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