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Risky Trade Deals in the Middle Ages

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Medieval merchants staked fortunes on dangerous contracts. Caravans risked raids, ships risked storms, and rulers often defaulted. Each deal was a gamble, as uncertain as slots or walking into a casino. Yet these risks built empires of trade from Venice to Novgorod. Economic historians estimate that 35% of medieval trading ventures ended in loss. Still, bold deals created wealth that financed cathedrals and wars. On Reddit’s r/History, posts often compare medieval traders to today’s venture capitalists, showing risk as timeless.

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