THE RİSE OF MERCHANT CATEGORY AS LEGAL RELATİONS İN THE ECONOMİC HİSTORY OF EUROPE

All merchants of medieval Europe were financer as givers of credit, as receivers of credit, or usually as both. Credit, especially sales credit, was a kernel of commerce. Indeed, managing his finances was commonly a merchant’s primary concern where to borrow, to whom to extend credit, how to ensure that obligations could be met. However, for most merchants, finance remained but an adjunct to their commercial business. During the high Middle Ages or about 1300, the savings of landowners and especially merchants were invested both in the countryside and towns. Thus the new and revolutionary social class was formed in Europe by it’s gainings and success in economic occupation that it’s name was bourgeois.