Economic Relationships In William Shakespeare's The Merchant Of Venice

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Early modern English writers carefully introduced the growing influence of economic activities on society into their writings through the vehicle of romance. They utilized love stories as a mask to camouflage the underlying control wealth had on these relationships. Subsequently, this also showed how the social relations involved with these relationships were affected by monetary contracts. In The Merchant of Venice, the romantic activities surrounding Portia evidently show how Shakespeare uses love to introduce economic relations into the play. During this time period, people typically married those who were in the same social class as they were. However, with Portia, a mere merchant’s daughter, potential suitors at the top of the social …show more content…

Bassanio was a failed lord, and he desired to marry Portia because her great affluence would allow him to repay his debt to his friend Antonio, a merchant. However, in order to woo Portia, Bassanio had to acquire a loan from Shylock under Antonio’s name. As a usurer, Shylock charged insanely high interest rates for loans. This rapacious behavior was widely condemned by the public in this time period. Shylock also forced Antonio to agree to a contract stating “if you repay me not on such a day, in such a place, such sum or sums as are expressed in the condition, let the forfeit be nominated for an equal pound of your fair flesh, to be cut off and taken in what part of your body pleaseth me” (I.3.143-148). Later on, Antonio becomes bankrupt because his ships vanish at sea. Unable to repay Shylock, Shylock demands Antonio’s flesh as compensation. The transaction portrays economic loans in an exceptionally negative light. The fact that Shylock, a Jew, would have the audacity to demand flesh from a Christian as payment in addition to charging interest would have made such commercial activities seem even more atrocious to the audience. This economic conflict that erupts between Shylock and Antonio’s social relationship is a consequence of Portia and Bassanio’s romantic relationship. It shows how closely romance and economics are woven …show more content…

In the game, Bassanio must choose between a gold, silver, and lead casket. The gold is engraved with the inscription, “Who chooseth me shall gain what many men desire” (II.7.4-5). The silver casket states, “Who chooseth me shall get as much as he deserves” (II.7.7). The lead casket, the correct choice, states, “Who chooseth me must give and hazard all hath” (II.7.9-10), warning the individual who chooses it that he will risk everything. Although Shakespeare makes the game seem like it is filled with love and has Portia dropping hits to Bassanio in a song as he picks a casket, ultimately the casket game is just an economic game. Portia’s father designed the caskets so that his son-in-law would be a businessman like himself. By choosing the lead casket, Bassanio shows that he is a risk taker as it places him in the position of losing everything. In fact, Bassaino is investing someone else’s borrowed money in attempt to earn the most money, and thus, showing his ability as a businessman.
Throughout The Merchant of Venice, Shakespeare uses romance and relationships as a tool to illustrate the rise of economic activities into his writing. He enforces the growing connection between wealth and power. He uses relationships to construct a plot that allows him to showcase the significance of loans and contracts. Finally, he displays the influence economics

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