European trade

Definition

European trade refers to the exchange of goods and services between different countries and regions within Europe during the late Middle Ages (1200-1450). It played a crucial role in the economic development and cultural exchange among European nations.

Related terms

Hanseatic League: A commercial alliance formed by merchant guilds in Northern Europe during the late Middle Ages. It facilitated trade and protected merchants' interests.

Silk Road: An ancient network of trade routes connecting Asia with Europe. It played a significant role in facilitating long-distance trade between East and West.

Guilds: Associations of craftsmen or merchants that governed specific trades or industries. They regulated production, set quality standards, and controlled prices within their respective cities or towns.