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City of Lübeck The Queen of the Hansa Essays

Project id 1001858
Subject area Self Improvement
Document type Essay
Words 2965
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City of Lübeck ‘the queen of the hansa’ Lübecks geographical area was an appealing contour for investors of the Baltic Ocean as it provided usage of merchant trade north to Scandinavia, eastward towards the eastern European says of Estonia, Ukraine and Russia (at that time an financial region time referred to as ‘Kievan Rus’) and westwards toward the Benelux countries (at that time Britany and France) and on toward London. (Norwood, 2003) (Palmer, 2005) Growth Carefully organised strategic administration of alliances with choice trading posts, users of commerce, competitors, not to mention exploitation of the Guild program of the oligarchies resulted in the Hanseatic Leagues ubiquitous monopoly. The alliance between Lübeck and Hamburg to be exclusive trading companions became the building blocks for rapid growth and due to the contract, the Hansa and any organisation that joined up with would enjoy an elevated pool of available products, services, trade, and improved degree of commerce thus, the thought of exclusive worldwide trade caught on and various other townships took notice quickly. (Norwood, 2003) (Palmer, 2005) The guild system The Guild system was something of issuing trade ownership to a person or an exclusive firm. Such trade possession was released by the presiding ruling authority of an area or city in a feudalistic way, to secure a Guild, the average person or organisation would swear allegiance to the authority and present gratitude by providing an opulence of presents of significant worth. (Ogilvie, 2011) (Senior Nello, 2012) In exchange the merchant would gain the proper of trade monopoly and revel in exclusive trading rights for the reason that financial region, as Senior Nello writes in 2012, “the merchants of the Cologne Hansa convinced Henry II, Ki...

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