matthew eberwein. 11 th to 15 th century group of germanic merchants seeking easier and cheaper...
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Hanseatic League
11th to 15th Century Group of Germanic merchants seeking
easier and cheaper trade Obtained expensive goods from Russia
and North Baltic Became a powerful force with a navy Demise came with European colonization
of the world
Medieval European Economics
Catholic Church famous for monasteries which doubled as credit loaners.
Feudalism- a system that came with all lords. swearing loyalty to king. Knights that were loyal to lords and serfs who worked the land.
Feudalism was effective in England, Aragon, and France but was ineffective in Germany.
Rebirth Era
Banking- was the beginning of big business and led to many startup companies
Mercantilism- the State taking wealth from colonies at the colonies expense.
Dutch East India Company- a charted company that acquired luxury goods and Asia and sold them back to Europe.
Industrial Era
Agricultural revolution- brought in increase in food production, population, and urbanization
Industrialization- Created more effective living standard for all people. More money in the hands of the commoners.
Financing the World Wars
Levied Taxes, took resources from colonies
Allies borrowed huge loans from America Victory bonds Quotas Huge inflation rates Led to freeing of colonies
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