Setting: Italy.
Act One
Scene 1: Venetian street. Accompanied by his friends Salarino and Salanio, Antonio reflects on not knowing the cause of his sadness. His friends suggest that he is distracted by the thoughts of his ships at sea and will not be easy until they have arrived in port, but he denies this – so Salarino suggests that he is in love. Antonio denies this too. Antonio’s cousin Bassanio enters with Lorenzo and Gratiano, and so Salarino and Salanio leave them to cheer Antonio up. Lorenzo and Gratiano agree to meet Bassanio at dinner later, and leave, although not before commenting on how gloomy Antonio looks. Alone, Bassanio confesses his money woes to Antonio, and goes on to tell him about his love for the beautiful Portia, who lives in Belmont and is courted by many men. Antonio can offer him no more money, but sends him to Belmont and tells him to use him as a guarantor to get money.
Scene 2: Portia’s house, Belmont. Portia explains to her maid Nerissa that she is tired of life, but Nerissa points out her many fortunes. Portia is frustrated because her late father’s will stipulates that she may only marry a man who chooses correctly from three chests of gold, silver, and lead. She is not delighted by the prospect of any of her suitors: a Neopolitan prince obsessed with horses; a county Palatine who is very severe; a French lord who is very boastful; Baron Faulconbridge who is nice but speaks none of the same languages as Portia; a Scottish lord who spends all his time fighting the English baron; and a young German man who is an unpleasant drunkard. Nerissa reassures her that none of these men want any part of the contest, much to Portia’s relief – but that means that she must remain unmarried. Nerissa reminds her of Bassiano, and Portia admits that she was fond of him. They are interrupted by a servant, who comes with news that four strangers wish to take their leave of Portia, and a fifth comes with news that a Moroccan prince will be there that evening. Portia is unenthusiastic but resigned.
Scene 3: A public place in Venice. Bassanio has asked Shylock to lend him three thousand ducats for three months, using Antonio as his guarantor. Shylock ponders the offer, then accepts, but wants to meet with Antonio first. Bassanio invites him to eat with them but Shylock scornfully declines: “Yes, to smell pork; to eat of the habitation which your prophet, the Nazarite, conjured the devil into: I will buy with you, sell with you, talk with you, walk with you, and so following; but I will not eat with you, drink with you, nor pray with you.” Antonio enters and Shylock reflects on how he hates him for being a Christian and for his freedom with lending money, thus driving down the usury rates. Antonio and Shylock agree on the terms of the loan, but due to the past slights that Shylock has received from Antonio, he has a strange stipulation: if Antonio fails to pay, he will permit Shylock to take a pound of his flesh from anywhere on his body. Antonio agrees, confident that he will have ready money soon. They agree to meet at the notary’s to sign the bond and Shylock leaves. Bassanio expresses his concern but Antonio reassures him: his ships come in a day before the debt is sue to be repaid.
Act Two
Scene 1: Portia’s house. The Prince of the Morocco enters with his train and meets Portia, Nerissa, and her attendants. He tells her to overlook his appearance and pleads his bravery; she points out that her marriage is subject to the outcome of her father’s test, but says that if it were entirely up to her, he stands as good a chance as any of her suitors. He thanks her, and they agree that he will take the test after dinner.
Scene 2: Venetian street. Launcelot Gobbo, Shylock’s servant, wonders whether he should leave his master’s service. His old blind father enters and, not recognising him, asks him the way to Shylock’s house. Launcelot decides to play a trick on him and gives him obscure instructions. When Old Gobbo asks if he has seen his son, Launcelot says that he is dead. Old Gobbo is distraught so Launcelot ends the charade; his father is loathe to believe him at first, as Launcelot has changed so much. Bassanio enters with Leonardo and his followers, and Launcelot and Old Gobbo scramble to talk to him. Launcelot eventually declares that he wishes to leave Shylock’s service and become Bassanio’s servant instead, and Bassanio accepts him.
Scene 3: Shylock’s house. Shylock’s daughter Jessica is bidding Launcelot farewell with some regret, as he was the only person who livened up the house. He leaves and, alone, Jessica reflects on her love for Lorenzo and her intention to marry him and become a Christian.
Scene 4: Venetian street. Gratiano, Lorenzo, Salarino, and Salerio enter, with plans to disguise themselves at Lorenzo’s lodgings, but they are interrupted by Launcelot who is carrying a letter. It is a love-letter from Jessica to Lorenzo; Lorenzo bids Launcelot to tell Jessica that he will rescue her. In her letter, Lorenzo then reveals to Gratiano, Jessica has promised to rob her father of all his things so that she can elope with Lorenzo.
Scene 5: Outside Shylock’s house. Shylock is preparing to leave to dine with Bassanio. He gives Jessica his keys, but is stopped by a feeling of foreboding: he has dreamt of money-bags. Launcelot tells him that there will be masques, which horrifies Shylock, who tells Jessica to ensure that the house is locked up. He sends Launcelot off ahead of him – although Launcelot manages to pass on Lorenzo’s message to Jessica – and after bidding his daughter farewell, leaves to join Bassanio.
Scene 6: Outside Shylock’s house. Gratiana and Salarino enter, masked. They are waiting for Lorenzo, who is slow in coming. He arrives at last and Jessica appears above, wearing boy’s clothes. She tosses down a basket of treasure to him, and then joins them below. The couple leave with Salarino, but Gratiano runs into Antonio, who bids him stay at home; the weather has become too bad for a masque.
Scene 7: Portia’s house, Belmont. Portia invites the Moroccan prince to choose from the three caskets. He reads the inscriptions and attempts to puzzle out the correct answer and eventually chooses the golden casket. He has chosen incorrectly! He accepts the judgement with some regret and leaves; privately, Portia expresses her pleasure that he picked the wrong casket.
Scene 8: Venetian street. Salarino and Salanio meet to discuss the scandal: Shylock has discovered that Jessica has escaped with Lorenzo and all of his money. He is now wandering the streets, chased by schoolboys and crying: “My daughter! – O my ducats! – O my daughter! / Fled with a Christian? – O my christian ducats! – / Justice! the law! my ducats! and my daughter!” Salarino and Salerio are amused by what has happened, but reflect that Antonio had better ensure that he keep his bargain with Shylock, who will be feeling especially vengeful now. This reminds Salarino that he has heard a rumour that a Venetian ship has sunk; Salerio advises him to tell Antonio, in case it is his. They leave to break the news to him.
Scene 9: Portia’s house, Belmont. Nerissa enters in a hurry to prepare the room for the Prince of Aragon, who follows close behind with Portia. Portia shows the prince the caskets and tells him the rules. Like the Moroccan prince before him, this new suitor attempts to work out which is the correct casket. He chooses the silver one – and is wrong. He leaves in a huff, and Portia is happy once more. Before she can draw the curtain on the caskets, however, a servant enters with news that a young Venetian is at her gate. Portia agrees to see him, and Nerissa expresses her hope that it is Bassanio’s servant.
Act Three
Scene 1: Venetian street. Salarino and Salerio have confirmed the bad news: it is Antonio’s ship which has sunk. Before they can leave, however, Shylock enters. Shylock is still preoccupied with his daughter’s betrayal; he accuses the two men of knowing about it ahead of time, which they readily admit. Salarino then nervously asks him if he has heard of Antonio having any losses and Shylock says he has. He curses Antonio as another bad bet and Salarino presses him further: will he insist on taking Antonio’s flesh? Shylock will: “He hath disgraced me, and hindered me of half a million; laughed at my losses, mocked at my gains, scorned my nation, thwarted my bargains, cooled my friends, heated mine enemies; and what’s his reason? I am a Jew: Hath not a Jew eyes? hath not a Jew hands, organs, dimensions, senses, affections, passions? fed with the same food, hurt with the same weapons, subject to the same diseases, healed by the same means, warmed and cooled by the same winter and summer, as a Christian is? if you prick us, do we not bleed? if you tickle us, do we not laugh? if you poison us, do we not die? and if you wrong us, shall we not revenge? if we are like you in the rest, we will resemble you in that. If a Jew wrong a Christian, what is his humility? revenge; If a Christian wrong a Jew, what should his sufferance be by Christian example? why, revenge. The villainy you teach me, I will execute; and it shall go hard, but I will better the instruction.” A servant enters to summon Salarino and Salerio to Antonio’s house; then Shylock’s friend Tubal arrives. He has been searching for Jessica and Lorenzo but can only say that they are in Genoa. Shylock is incensed: “The curse never fell upon our nation till now; I never felt it till now:- two thousand ducats in that; and other precious precious jewels.- I would, my daughter were dead at my foot, and the jewels in her ear! ‘would she were hears’d at my foot, and the ducats in her coffin.” Tubal intersperses his news of Jessica’s reckless spending in Genoa with the information about Antonio’s lost fortune, and Shylock vows to have his revenge.
Scene 2: Portia’s house, Belmont. It is Bassanio’s turn to choose from the caskets, but Portia encourages him to take his time in choosing – she enjoys his company, and if he chooses wrong, he will have to leave. Bassanio, however, wants to choose quickly as he is feeling tortured by the uncertainty. Portia accepts this, but commands her musicians to play for him while he chooses. A song plays and Bassanio ponders the deceptiveness of outward appearances. He is drawn to the lead casket, and opens it – revealing Portia’s portrait! He has chosen correctly and gives Portia a kiss. They declare their love for one another, and their happiness. Nerissa and Gratiano wish them joy – and announce their own intention to be married. The celebration is interrupted by the entrance of Lorenzo, Jessica, and Salerio, who have brought a letter to Bassanio from Antonio. They offer up the news that Antonio is not doing well, and the letter explains all. Bassanio tells the group that all of Antonio’s ventures have failed. Salerio adds that Shylock is now insisting on payment – or rather, flesh. Jessica confirms that it is the flesh that her father most wants. Portia immediately insists on paying the full amount, and more if necessary, telling Bassiano that they will marry at once and then he can sail to Venice with the money and then bring Antonio back with him. Bassanio reads Antonio’s letter aloud, and Portia bids him be on his way.
Scene 3: Venetian street. Shylock is taunting Antonio, who is pleading for clemency – but Shylock already has a gaoler. Shylock leaves and Salanio tries to comfort Antonio, telling him that the Duke will never uphold the punishment. Antonio is pessimistic, however: the Duke will never do anything to bend justice, therefore he is resigned to his fate. He allows the gaoler to take him away. The date is set for the pound of flesh to be taken the following day.
Scene 4: Portia’s house, Belmont. Lorenzo compliments Portia on her generosity and goodness, but Portia says that any friend of Bassanio’s is her own friend. She then gives Lorenzo the management of her own household: she and Nerissa are going to a monastery until Bassanio arrives home. They agree, and leave. Portia then summons her servant and gives him a letter to take to her cousin Dr Bellario in Padua. Alone with Nerissa, she then suggests they disguise themselves as boys; Nerissa is unsure, but the two exit to prepare for their journey.
Scene 5: A garden, Belmont. Launcelot and Jessica joke with one another about Jews and Christians. Launcelot enters to join the fun, and leads Jessica off to dinner.