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)
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...
... middle of paper ...
...ructure. Most nations today are members of the World Trade Organisation and conduct multilateral trade agreements. (Smith, 2013)
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.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- The basic rights of citizens are challenged in order for officials to protect and maintain the safety of the city. Law enforcement reform is an ongoing, popular and controversial topic in modern day politics and communities. Societal changes result from outcomes of solving and preventing crimes. Malcolm Gladwell introduces us to the Broken Windows Theory in the story “The Power of Context” as a resolution to prevent major crimes from being committed in urban cities. The Broken Windows Theory can be corroborated to different situations and scenarios.... [tags: Fixing Broken Windows, New York City, Police]
1705 words (4.9 pages)
- The basic rights of citizens in cities are challenged in order for officials to protect and maintain safety of the city. Law enforcement reform is an ongoing, popular, controversial topic in modern day politics and communities. Societal changes result from outcomes of solving and preventing crimes. Malcolm Gladwell introduces us to the Broken Windows Theory in the story “The Power of Context” as a resolution to prevent major crimes from being committed in urban cities. The Broken Windows Theory can be corroborated to different situations and scenarios.... [tags: Fixing Broken Windows, New York City, Police]
1250 words (3.6 pages)
- In every country, there are individuals who have had an importance to their time period. This importance is highlighted by the individual’s background, roles, and actions. ““The things which I have here before promised, I will perform and keep. So help me God.” The words the Queen said on her Coronation Day as she laid her hand on the bible” (Bradford 4). At the young age of twenty five, Princess Elizabeth Alexandra Mary became Queen. The Queen is now the second-longest reigning Monarch in England, reigning for fifty nine years thus far.... [tags: Biography of Her Majesty the Queen]
891 words (2.5 pages)
- The figure of the drag queen is pivotal in understanding transgenderism and issues related to gender. Drags are places where femininity or masculinity is performed by opposite sexes. The film, Paris is Burning, directed by Jennie Livingston, is a valuable source for understanding issues including race, gender and otherness. The film touches upon the lives of black gays and transsexuals who live in New York and constitute a subculture, which is differentiated from heteronormative culture in a given society.... [tags: drag queen, transgenderism]
1939 words (5.5 pages)
- Queen Elizabeth was born on September 7, in 1533 to a royal couple by the name of Henry VIII and Anne Boleyn. She pertained a strong personality and strong political skills in overlooking marriage proposals and intensely flirting with many available suitors. She reigned over England without a king or children (Britannia: Elizabeth 1). Her father was known for the execution of his wives. The king had announced that any daughter would be "illegitimate" to the line of succession because his upcoming sons would be highly favorable to the throne (Thomas, Heather).... [tags: Queen Elizabeth]
961 words (2.7 pages)
- She is doted as one of England’s greatest monarchs, and brought England out of destitution, and into one of its most glorious periods, the Elizabethan Age. Though, she suffered greatly before crowning; throughout her rule as Queen, England was reformed and fortified to be one of the most powerful countries in the known world. Elizabeth was born in the Greenwich Palace on September 7, 1533 to Anne Boleyn and King Henry VIII of England. (Stated on page 1 of Crompton, Samuel Willard. Queen Elizabeth and England's Golden Age.... [tags: Queen of England, Biography]
1067 words (3 pages)
- Queen Nefertiti as a Significant Historical Figure in the Coloring Book The influence and admiration of Ancient Egypt's Queen Nefertiti in the modern world is quite apparent, particularly in children's literature. "A Coloring Book of Queen Nefertiti" is a prime example. This 18-page coloring book includes black-outline illustrations of various aspects of ancient Egyptian history pertaining to Queen Nefertiti. Also incorporated are brief anecdotes pertaining to the pictures, written in simple language appropriate for ten to 13 year olds, though this was probably not the intended target age bracket.... [tags: History Queen Nefertiti Essays]
797 words (2.3 pages)
- Her father and mother where King Henry VIII and Anne Boleyn and had one brother and sister, Edward and Mary. But Queen Elizabeth had troubles of her own. She was abandoned by her own father, locked away by her own sister, but that didn’t stop her to become the greatest queen we know. Elizabeth father had some crimes on his own. When Elizabeth was only three he beheaded her mother, Anne Boleyn because she did not give him a baby boy; she gave birth to a girl. Soon after Elizabeth wasn’t raised in a palace with her father she was sent away.... [tags: Queen Elizabeth Essays]
924 words (2.6 pages)
- The Use of Numbers in The Queen of Spades The use of numbers, especially the three and to a lesser extent the seven, is of major importance in Alexander Pushkin's The Queen of Spades. The use of three permeates the text in several ways, these being major, minor, and in reference to time. According to Alexandr Slonimsky in an essay written in 1922, "A notion of the grouping of three is dominant..." (429). In the major details of the story, we find "three fantastic moments" (Slonimsky 429), three cards, three major catastrophes, three main characters, and the use of six chapters, six being a multiple of three.... [tags: The Queen of Spades]
1535 words (4.4 pages)
- Pushkin's The Queen of Spades French connoisseurs already know Pushkin's The Queen of Spades in Mérimée's translation. It might appear impertinent to offer now a new version, and I do not doubt that the earlier one will appear more elegant than this one, which has no merit other than its scrupulous exactness. That is its justification. A preoccupation with explaining and rounding off induced Mérimée to blunt somewhat the crystalline peaks of the tale. We have resisted adding anything to Pushkin's clean and spare style, with its slender grace, which hums like a taut string.... [tags: Pushkin Queen of Spades Essays]
711 words (2 pages)