What groups were the rich merchants divided into in the 17th century?

Merchants in the 17th century were divided into guilds, belonging to which was determined by the size of the merchant’s capital. The merchants of the 1st guild had the right to overseas trade, to own sea vessels (for transporting goods). The 2nd guild included merchants who had the right to internal trade (wholesale and retail). They were wealthy merchants. The 3rd guild included those who were engaged in trade in the region, selling small goods at retail.



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