Events Tagged: "merchants"

Karimi merchants dominate Cairo spice trade - mysterious guild controls Red Sea-Mediterranean transshipment, immense wealth

Niccolò and Maffeo Polo depart Venice - Marco's father and uncle begin first journey to East, reach Kublai Khan's court

Statute of Acton Burnell - first English statute dealing with merchant debt, allowing imprisonment of defaulting debtors and seizure of goods

First U.S. Bankruptcy Act passed - applies only to merchants and traders, allows voluntary and involuntary bankruptcy, discharge available