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Handbook of Key Global Financial Markets, Institutions, and Infrastructure by Gerard Caprio

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Chapter 16

Hanseatic Merchants and Credit, 1300–1700

M. North

Contact Zone Mare Balticum, Greifswald, Germany

Outline

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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