First European Economy
800: Carolingians at Aachen 820: Spread of the Norsemen 10th century 11th century 1158: Founding of Lubeck 1180: Construction of outer-harbour of Bruges 1227: Battle of Bornhoved; Lubeck became an Imperial city 1252: Hansa 'official' in Flanders 1267: Hansa 'official' in England 1277: Genoese ships arrive in Bruges 1314: Venetian galleys arrive in Bruges 1356: Hanseatic League 1370: Treaty of Straslund 1380: Birth of Jan van Eyck
Cultures and civilisations are interchangeable in most contexts.  They are ways of ordering ecological space just as economies are.  Culture is the oldest character in human history,  economies succeed each other more rapidly.
All of Europe considered collectively' as Isaac de Pinto puts it,' is the entire political and economic area known as Europe, with its long past; an inheritance including the shape imposed upon the continent long ago by Rome.
The predominance of the city-states in the Middle Ages can only be explained in the context of the first world-economy ever to take shape in Europe, between the eleventh and thirteenth centuries. It was in this period that the extensive trading- zones were established of which the cities were at once the instruments, the articulations and the beneficiaries. 'All of Europe considered collectively' as Isaac de Pinto puts it,' is the entire political and economic area known as Europe, with its long past; an inheritance including the shape imposed upon the continent long ago by Rome'.
The birth of Europe, the great shaper of world history, took place in the first centuries of the second millennium AD. The major coordinates and articulations of European history were already beginning to emerge half way through the first millenium with the founding of the Carolingian Empire. In other words the core or central zones, a proto-capitalism almost inevitably appeared in Northern Europe.  This development appears not as a simple transition from one identifiable state to another, but as a series of stages and transitions, the earliest dating from well before what is usually known as `the' Renaissance of the late fifteenth century.
There could be no world economy until there was a dense enough urban network with trade of sufficient volume and regularity to breathe life into a central or core zone. But in these distant centuries, nothing can be firmly asserted, nothing established beyond reasonable doubt. The upward secular trend from the eleventh century encouraged development in general, but led to the growth of a number of different centres. Not until the rise of the Champagne fairs in the early thirteenth century did it become evident that a coherent zone existed, stretching from the Low Countries to the Mediterranean, bringing advantages not to ordinary towns, but to those with fairs, not to sea- passages but to the long overland routes. This was an original first stage or rather episode in European history, since it cannot be accounted the true beginning. For what would the Champagne fairs have been without the pre-existing prosperity of the Low Countries and northern Italy, two areas of precocious development destined by the force of circumstance to come into contact with one another?
For the true beginning of the new Europe, we have to look at the growth of these two complexes, the North and the South, the Low Countries and Italy, the North Sea-  Baltic and the Mediterranean. There was not one pole of attraction in the West but two, and this bipolarity, pulling the continent in two directions, would last in some form for several centuries. This was to be one of the major features of European history - possibly the most important of all. When we speak of medieval and modern Europe, we must speak two different languages: what was true of the North was never literally applicable to the South.