Matthew Eberwein

 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

 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.

 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.

 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.

 Levied Taxes, took resources from colonies  Allies borrowed huge loans from America  Victory bonds  Quotas  Huge inflation rates  Led to freeing of colonies

 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