european economic
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European Economic. Matthew Eberwein. Hanseatic League. 11 th to 15 th 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. - PowerPoint PPT PresentationTRANSCRIPT
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