Nermanis  Syndicate

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In the early part of the First Epoch, Nermaneans were spread along the shores of the Nermanis Sea. Masters of trade, and followers of the Lord of Riches, they traded with the giants of Kerthjorg, goliath of Gigunn, and many others.

In 712, the city-states of Maurkac and Rabaranda became the Nermanis Syndicate. Its government, formed along the lines of a syndicate, represented the business interests of the nation's companies. With the founding of Bathor in 910, the Syndicate had trade stations along the Nermanis Sea and far down the Foronir River. Their trade network was a triangle, with the westernmost city-state of Rabaranda, Bathor to the far south, and Maurkac in the east.

The Syndicate began to unravel with the sudden draining of the Nermanis Sea. Long reliant on the sea for its ease of transport, trade revenue plummeted. Famine followed along with civil unrest and a run on the banks. By 923, nearly all of the nation's isolated settlements had all fallen to invasion. Many went deeper into the countryside, into the Hangath Forest or migrating far south to Bathor or west into the lands of the Ithengee and the Gilraen.