What country set up the first merchant company

How does your text define "merchant company?"

The question on the work book is,

What country set up the first merchant company?

But what does your text say?

You see, a couple of small-town shoemakers who decided to open up shop together could be the first merchant company in the world. I don't think that's what your lesson is about. Ms. Sue is right to advise you to read your text materials, or re-read them. I THINK I know what they're looking for in your answer, but we don't know.

The country that set up the first merchant company is the Netherlands, or more specifically, the Dutch Republic. To find this information, you can follow these steps:

1. Open a search engine like Google.
2. Type in the question "Which country set up the first merchant company?"
3. Look through the search results, paying attention to reliable sources such as reputable history websites or books.
4. From the information obtained, you will find that the first merchant company was established by the Dutch Republic in the early 17th century.