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Wealthy merchants delegated market-place dealings to brokers to escape the common herd

Wealthy merchants delegated market-place dealings to brokers to escape the common herd

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Sep 20, 20261 min read

Wealthy merchants delegated market-place dealings to brokers to escape the common herd

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  • Wealthy merchants delegated market dealings to brokers to avoid the lower classes (similarity 0.84)
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  • First purchasers with superior resale connections become middlemen in the diamond trade. (similarity 0.78)
  • Medieval cities depended on immigrant merchants, bankers, and artisans, not just laborers (similarity 0.78)
  • All illicit markets share the defining trait of being both unprotected and legally actionable. (similarity 0.78)

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  • Wealthy merchants delegated market-place dealings to brokers to escape the common herd
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  • All illicit markets share the defining trait of being both unprotected and legally actionable.
  • Brokers reduce inefficient resale because owners already pay for search
  • First purchasers with superior resale connections become middlemen in the diamond trade.
  • Medieval cities depended on immigrant merchants, bankers, and artisans, not just laborers