“For a time, the Hanseatics were well appreciated as honorable merchants who ensured quality and fought against unscrupulous practices. They were known as Easterlings because they came from the east, and this is the origin of the word sterling, which meant “of assured value.”

“For a time, the Hanseatics were well appreciated as honorable merchants who ensured quality and fought against unscrupulous practices. They were known as Easterlings because they came from the east, and this is the origin of the word sterling, which meant “of assured value.”

— Mark Kurlansky