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Published online by Cambridge University Press: 26 February 2014
The sea presented an important economic opportunity in the Middle Ages. The unpredictable risks of sea transport, the incalculability of time and distances opened a chance to those that were able to bridge the sea constantly and regularly and who were able to reduce the transaction costs most efficiently: the merchants of the late medieval ‘German Hansa’. The article will give a short introduction to the mechanisms and principles of international hanseatic trade in the Middle Ages.