Chapter 16
Hanseatic Merchants and Credit, 1300–1700
Outline
Origins of Banking in Northern Germany
Credit Instruments in the Fifteenth and Sixteenth Centuries
The Adaptation of Western Credit Instruments in the Baltic Trade
Introduction
Beginning in the thirteenth century, the Hanseatic League, originally an association of traveling merchants, developed into a powerful league of cities that dominated trade, shipping, and politics in the North Sea and Baltic Sea regions for three centuries. Trade proceeded from east to west along the main line from Novgorod to Reval, Riga, Visby, Danzig, Stralsund, Lübeck, and Hamburg and ...
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