Humanities › Literature 'The Merchant of Venice' Act 1 Summary Share Flipboard Email Print Andrew Howe / Getty Images Literature Shakespeare Comedies Shakespeare's Life and World Studying Tragedies Sonnets Best Sellers Classic Literature Plays & Drama Poetry Quotations Short Stories Children's Books By Lee Jamieson Theater Expert M.A., Theater Studies, Warwick University B.A., Drama and English, DeMontfort University Lee Jamieson, M.A., is a theater scholar and educator. He previously served as a theater studies lecturer at Stratford-upon Avon College in the United Kingdom. our editorial process Lee Jamieson Updated March 29, 2020 Shakespeare's "The Merchant of Venice" is a fantastic play and boasts one of Shakespeare's most memorable villains, the Jewish moneylender, Shylock. This summary of Act One of "The Merchant of Venice" guides you through the play's opening scenes in modern English. Here, Shakespeare introduces his main characters, most notably Portia, one of the strongest female parts in all Shakespeare's plays. Act 1, Scene 1 Antonio is speaking to his friends, Salerio and Solanio. He explains that a sadness has come over him, and his friends suggest that the sadness could be due to his worrying about his commercial ventures. He has ships at sea with merchandise in them and they could be vulnerable. Antonio says he is not worried about his ships because his goods are spread between them—if one went down, he would still have the others. His friends suggest that he must then be in love, but Antonio denies this. Bassanio, Lorenzo, and Graziano arrive as Salerio and Solanio leave. Graziano tries to cheer up Antonio but fails, and then tells Antonio that men who try to be melancholy in order to be perceived as wise are deceived. Graziano and Lorenzo exit. Bassanio complains that Graziano has nothing to say but will not stop talking: “Graziano speaks an infinite deal of nothing.” Antonio asks Bassanio to tell him about the woman he has fallen for and intends to pursue. Bassanio first acknowledges that he has borrowed a lot of money from Antonio over the years and promises to clear his debts to him: "To you Antonio, I owe the most in money and in love, And from your love I have a warranty to unburden all my plots and purposes how to get clear of all the debts I owe." Then, Bassanio explains that he has fallen in love with Portia, the heiress of Belmont, but that she has other, richer suitors. He wants to try to compete with them in order to win her hand, but he needs money to get there. Antonio tells him that all his money is tied up in his business and cannot lend to him, but that he will act as a guarantor for any loan that he can get. Act 1, Scene 2 Enter Portia with Nerissa, her waiting-woman. Portia complains that she is wary of the world. Her dead father stipulated, in his will, that she herself cannot choose a husband. Instead, Portia’s suitors will be given a choice of three chests: one gold, one silver, and one lead. One chest contains a portrait of Portia, and in choosing the chest that contains it, a suitor will win her hand in marriage. However, he must agree that if he chooses the wrong chest, he will not be permitted to marry anyone. Nerissa lists suitors who have come to guess including the Neopolitan Prince, County Palatine, a French Lord, and an English nobleman. Portia mocks each of the gentlemen for their shortcomings, in particular, a German nobleman who was a drinker. When Nerissa asks if Portia remembers him, she says: "Very vilely in the morning when he is sober, and most viley in the afternoon when he is drunk. When he is best he is little worse than a man, and when he is worse he is little better than a beast. And the worst fall that ever fell, I hope I shall make shift to go without him." All the men listed left before guessing for fear that they would get it wrong and face the consequences. Portia is determined to follow her father’s will and be won in the way by which he wished, but she is happy that none of the men who have come thus far have succeeded. Nerissa reminds Portia of a young gentleman, a Venetian scholar and soldier who visited her when her father was alive. Portia remembers Bassanio fondly and believes him to be worthy of praise. It is then announced that the Prince of Morocco is coming to woo her, and she is not particularly happy about it.