Trade Organizations

Question 1

what institution that was formed in Northern Europe greatly enhanced trade?

Answer 1

trade organizations

Question 2

what was a trade organization?

Answer 2

a group of companies, towns, or states that formally agree to engage in beneficial trade, and often operate to protect the goods, power, and trade of its members

Question 3

What was the Hanseatic League?

Answer 3

The first large-scale trade organization it was formed in 1358 as a security agreement between guilds

Question 4

what was a guild?

Answer 4

a group of people who controlled labor, production, and prices in a given region

Question 5

what happened once the merchant towns under the Hanseatic League became wealthy?

Answer 5

they could afford small, private armies to control, protect, and dominate regional trade

Question 6

What group dominated and monopolized trade in Northern Europe until European states began to centralize?

Answer 6

The Hanseatic League