EUROPEAN ECONOMICMatthew Eberwein

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

European Union

Came together after 1993 Share trade networks, energy, food, and

research. Led to the advent of the Euro Improved relations and economic stability

in Europe