Merchant Republic — Government Reform
Merchant Republic is a government reform available to any government type in Europa Universalis IV.
Merchant Republic
Any government
Merchant Republic is a government reform that can be adopted by any government type. Reforms are chosen one per tier to shape how your nation is governed.
In-game description
A governmental form where the nation is governed as a republic but with a heavy reliance on trade and commerce.\nIf a Merchant Republic has more than 20 Provinces in States, they will suffer a penalty to their Republican Tradition.