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During the High Middle Ages, Flanders emerged as a key center of trade due to its strategic location and thriving textile industry, particularly in cities like Ghent and Bruges. The region benefited from an influx of wealth and commerce, facilitated by the establishment of trade routes connecting Northern Europe with the Mediterranean. The rise of powerful merchant guilds and the introduction of new financial practices, such as bills of exchange, further stimulated economic growth. This revival of trade not only bolstered Flanders' economy but also contributed to the broader growth of urban centers across Europe during this period.

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