This film on the rise of the Hapsburgs is important for how Belgium  and guilds contribute to trade,  and why Tryol and the Fuggers are important, but also has a number of false premises. 

The Hapsburgs did NOT rule peacefully over a mutli-ethnic Empire. They put Germans and Hungarians on top, Serbs, Croats, Slavs and Poles were considered lesser humans. They also used their military and religious power to suppress dissent relentlessly.

If you watch it, write 2-3 pages response.