900 B
900 B
Hanseatic League
Definition
A commercial and defensive confederation of merchant guilds and market towns in Northwestern and Central Europe that dominated trade along the coast of Northern Europe during the late medieval period. The League represented an early form of international economic cooperation that operated with significant autonomy from national governments.
Source Chapter
Book III, Chapter 3
Context
Smith cites the Hanseatic League as an example of how free towns in Germany gained economic power and autonomy during periods of weak central authority. The League's success demonstrates how urban commercial networks could achieve economic dominance and political influence when freed from feudal constraints.
Economic Domain
Exchange