Neustadt is one of the inner-city districts of the Free and Hanseatic City of Hamburg, Germany. By 1529, Hamburg was firmly anchored in Lutheran Reformation and had successfully managed to divert its trade away from the Baltic to more dynamic markets along the Atlantic. Hamburg's economy boomed, between 1526 and 1551 the state budget tripled, …Neustadt is one of the inner-city districts of the Free and Hanseatic City of Hamburg, Germany. By 1529, Hamburg was firmly anchored in Lutheran Reformation and had successfully managed to divert its trade away from the Baltic to more dynamic markets along the Atlantic. Hamburg's economy boomed, between 1526 and 1551 the state budget tripled, and the Hanseatic city had become a major trade and capital market. Meanwhile, persecution of Protestants in the Low Countries, other parts of Germany, Portugal, Spain and various other parts of Europe caused an immense influx of religious refugees into Hamburg. Between 1500 and 1600, the population of Hamburg tripled to 40,000, surpassing Lübeck as largest German port city.
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