Hanseatic League

Jan 12, 2010, 7:00AM EST
Hanseatic League
A northern European group of merchants that, for some years, was a significant maritime and military power

 The Hanseatic League started out in the 13th century as a loose alliance of trading guilds in German coastal cities, primarily Lubeck and Hamburg.  Over time, they expanded throughout northern Europe, developing a virtual monopoly on maritime trade in the region.  Hanseatic vessels, considered an advanced design for their time, carried timber, amber, furs, and grain from the eastern Baltic region to England and the Low Countries, where they traded for finished goods.  Fish and salt were also widely traded.  Using its economic power, the Hanseatic League was able to negotiate favorable trade terms (such as exclusive trade routes and exemption from certain tolls).  Many Hanseatic vessels were armed and, when necessary, the League could assemble a fleet to militarily enforce its trade terms.  Between 1392 and 1440, the League fought a series of battles with pirates and privateers in the Baltic and North Seas, finally eliminating them as an organized threat.  The increasing power of the territorial states (e.g. England, the Netherlands, Denmark, and Prussia) in the sixteenth century gradually eclipsed the Hanseatic League.  For example, in 1597 Queen Elizabeth closed the Steelyard Kontor (trading post) in London and expelled the League from its favorable trading position.  The Dutch stole shipbuilding technology from Hanseatic towns in the Baltic, undercutting their economic edge.  The last formal meeting of members of the Hanseatic League was in 1669.  The tradition lives on though.  Lubeck, Hamburg, and Bremen continue to style themselves as “Free and Hanseatic Cities”. 
 
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