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Journey through centuries of economic evolution in this captivating exploration of global trade. We begin with Hans Holbein the Younger's portrait of Georg Giese, a 16th-century Hanseatic merchant, offering a window into the pivotal role of traders in shaping early modern commerce. From there, we trace the emergence of Europe's first world economy in the 11th-13th centuries, examining how city-states rose to prominence as hubs of extensive trading networks. Our voyage continues through the era of medieval fairs, crucial centers of international trade and finance, to the establishment of permanent exchanges that marked a shift towards more sophisticated economic structures.

Through case studies of Venice, Bruges, and Antwerp, we illustrate the dynamic nature of economic power and the factors contributing to the rise and fall of trade centers. We introduce Immanuel Wallerstein's world-systems theory to provide a framework for understanding these historical developments and their relevance to contemporary global economics. As we conclude, we reflect on how this rich history informs our navigation of today's complex, interconnected world economy, facing challenges of rapid technological change, environmental concerns, and shifting geopolitical power. Join us for this enlightening journey from bustling medieval marketplaces to the intricate web of modern capitalist systems.

Resources:
Portrait of Merchant Georg Giese by Hans Holbein the Younger, 1632

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Intro Music: Hayden Symphony #39
Outro Music: Vivaldi Concerto for Mandolin and Strings in D