Question
They were people that acted as dealers between two parties who wanted to exchange goods.
Could you please give me more information on this, no sites, just from top of your head, thanks very much:)
Could you please give me more information on this, no sites, just from top of your head, thanks very much:)
Answers
bobpursley
What does a stock broker, or real estate broker, or for that matter, a marriage broker do? Why?
Anonymous
A stock broker buys and sells shares, to earn money?
bobpursley
yes, so generalize: who are middlemen, and why?
Anonymous
The Middlemen were people that traded furs with a group to earn money...
bobpursley
yes, and exchanged the furs for goods the trappers wanted/needed. THe middlemen made money on both exchanges.
Anonymous
So they exchanged the goods two times?
bobpursley
Of course. they got furs from the trappers, they got food from river merchants, and the traded furs for food and supplies to the supplying merchants, and traded food and supplies for furs from the trappers.
Ms. Sue
The middlemen were in the middle.
The trappers brought furs to the middlemen and in return received goods they needed.
Then, the middlemen sold the furs to other people and received money.
Trappers >> Middlemen >> Consumer
The trappers brought furs to the middlemen and in return received goods they needed.
Then, the middlemen sold the furs to other people and received money.
Trappers >> Middlemen >> Consumer
Anonymous
Thanks so much, your explanations have helped me to understand so much better, thanks so much. :)
Ms. Sue
You're welcome.