territorial state

領邦 ／ territorial-state　—　Institutions

One of the separate states standing within a single empire.

Quarter Reichstaler1624

In Germany from the medieval to the early modern period, hundreds of territorial states each issued their own currency. ⚠ The difficulty in unifying the currency was not due to technology, but because there were hundreds of rulers who did not want to relinquish their right of coinage.