Merchants and manufacturers responded to the economic tribulations of the fourteenth century by

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Merchants and manufacturers responded to the economic tribulations of the fourteenth century by restricting competition and resisting the demands of the lower classes. They formed monopolies and guilds that limited entry into their trades and fixed prices to maintain their profits. They also resisted the demands of peasants and urban workers for higher wages and lower prices, leading to social and political tensions.

Merchants and Manufacturers Responded to the Economic Tribulations of the Fourteenth