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Post saxon capture, Lübeck became the base of merchants who formed guilds.
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Lübeck becomes a free imperial city. This means they do not have to pay taxes.
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Lübeck forms an alliance with Hamburg. This opens new trade routes, the most important being salt water fish.
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The alliance is granted charter operations in england. This opens new markets.
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Cologne joins the league.
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The Hanseatic League expaneds by trading in timber, furs, resin, flax, honey, wheat, rye,cloth, ore, and herring. By this time, the hansa monopolized the Baltic.
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The Hansa wages war with Denmark, a testament to their power. The war ends in 1370 with a treaty. The treaty grants the Hansa 15% of Danish trade profits.
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In the Dutch-Hanseatic war that ended in 1441, rival merchants broke the Hansa's monopoly on the Baltic. This event marks the begining of the Hansa's decline.
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As other powers began to gain power and foreign credit (paper currency from italy, it undermined the local coins) came into the reigion, the Hansa lost power gradualy. Starting in 1593, Hansa trading posts began to close.
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Only 9 members attended the last formal meeting of the Hanseatic League.
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The Hanseatic league ceased to exist after 1862, it was eclipsed by other merchant organizations, many of which were based in scandinavia.
