Primary causes of the decline of the Hanseatic League

By the 16th century, the Hanseatic league had been in decline for some time, and was gradually losing its power it had formerly held in the Baltic. What were the primary reasons that this was occurring, both long-term and short-term?
 
The rise of Amsterdam (and the rest of Holland) played an important role. Militarily, they lost a war against Holland (which despite being owned by Burgundy basically made its own policy) and commercially they were also outcompeted.
 
Well, the appearance of strong states (England, Russia, Sweden in the later part) for one part, as the Hansa didn't had the possibility to fight back at the same scale, being composed of too many divergent interests (even if they actually tried to choose sort of a podestat-equivalent).

No real possibility to impose itself on the Atlantic trade, against the said states mainly grieved them.

The Reformation and the subsequent wars caused many big turmoil, and unrest is never good for business.

Actually, it's less one factor than many ones happening in the same time.
 
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