City of Lübeck The Queen of the Hansa Essays

City of Lübeck The Queen of the Hansa Essays

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City of Lübeck ‘the queen of the hansa’
Lübecks geographical location was a desirable contour for traders of the Baltic Sea as it provided access to merchant trade north to Scandinavia, eastward towards the eastern European states of Estonia, Ukraine and Russia (at the time an economic region time known as ‘Kievan Rus’) and westwards toward the Benelux countries (at the time Britany and France) and on toward London. (Norwood, 2003) (Palmer, 2005)

Expansion
Carefully organised strategic management of alliances with alternative trading posts, members of commerce, competitors, and of course exploitation of the Guild system of the oligarchies led to the Hanseatic Leagues ubiquitous monopoly. The alliance between Lübeck and Hamburg to become exclusive trading partners became the foundation for rapid expansion and because of the agreement, the Hansa and any organisation that joined would enjoy an increased pool of available goods, services, trade, and thus increased level of commerce, the idea of exclusive international trade caught on rapidly and other townships took notice. (Norwood, 2003) (Palmer, 2005)



The guild system
The Guild system was a system of issuing trade ownership to an individual or a private firm. Such trade ownership was issued by the presiding ruling authority of a town or region in a feudalistic manner, to obtain a Guild, the individual or organisation would swear allegiance to the authority and show gratitude by delivering an opulence of gifts of significant value. (Ogilvie, 2011) (Senior Nello, 2012) In return the merchant would gain the right of trade monopoly and enjoy exclusive trading rights in that economic area, as Senior Nello writes in 2012, “the merchants of the Cologne Hansa convinced Henry II, Ki...


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...ructure. Most nations today are members of the World Trade Organisation and conduct multilateral trade agreements. (Smith, 2013)

References
Epstein, S. and Prak, M. 2010. Guilds, innovation, and the European economy, 1400-1800. Cambridge: Cambridge University Press.
Marx, K., Engels, F. and Stedman Jones, G. 2002. The Communist manifesto. London: Penguin Books.
Mcaleese, D. 2004. Economics for business. Harlow, England: FT Prentice Hall.
Norwood, P. 2003. The Hanseatic league. Baltimore: PublishAmerica.
Ogilvie, S. 2011. Institutions and European Trade. Cambridge: Cambridge University Press.
Palmer, A. 2005. The Baltic. London: Duckworth.
Senior Nello, S. 2012. The European Union. London: McGraw-Hill Higher Education.
Smith, A. and Skinner, A. 2003. The wealth of nations. London: Penguin.
Smith, P. 2013. Global trade policy. [S.l.]: John Wiley & Sons Inc.









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