Skip to main content

MERCHANT GUILDS




In the early Middle Ages traders traveling from city to city required protection from robbers. Even nobles generally turned highwaymen and robbed passing merchants. Nobles usually collected tolls from traders UN agency journeyed across their land. So, merchants banded along to safeguard lives and merchandise.

The merchants of a city additionally needed protection against competition from different traders. A guild's main purpose was to carry a monopoly of trade. solely lodge members were allowed to try to to business in an exceedingly city. every lodge received a charter from the native king or lord. The charter gave the lodge this right of monopoly. A visiting bargainer might do business solely once he had received permission from the lodge of the city and had paid a high fee.

Guilds had their own courts and settled quarrels between members. They mounted costs and set standards of weights, measures, and quality. Guilds were social clubs, too, with guildhalls wherever merchants met for grand feasts and different celebrations. every lodge control parades in honor of its guardian.

A lodge sorted its members. once a member died, the lodge may buy his ceremony. It helped his widow and fatherless youngsters. If a member was thrown into jail in another city, the lodge worked to free him.

A lodge enclosed all the merchants in an exceedingly city. Since the lodge had a monopoly on trade, it usually grew wealthy and powerful.

Published: January 12, 2019


Comments

  1. ChristyJanuary 12, 2019 at 7:21 PM

    I understand it was for security purposes, but i guess there was more. Does this guild things still exist?

    ReplyDelete

Post a Comment

Popular Articles

FAIRY TALES ORIGIN

Peoples of many faces and nationalities have enchanted in hearing and telling tales that carries someone away into wonders and a delightful land of make-believe where handsome knights rescue beautiful princess, where ogres and ugly witches are put to demise by charming champions and where a petite seed becomes a giant beanstalk that reaches high up into the sky where another world dwells with gold and treasures. Fragments of a 4000-year-old papyrus found in Egypt tells that Egyptians enjoyed hearing stories that sound much like those we read and tell today. Adults and children passed winter nightfall sitting around the fireplaces of their homes, listening to a beloved tale bearer relate secretive and magical tales of escapade and horror, long before the printing press was invented. These tales were repeated again and again. The more people hear these stories, the more familiar they become to the ears. Consequently, more and more hearers loved to hear them. Parents of...
9 comments
Read more

BRAZIL: SETE DE SETEMBRO

Brazil, as we all know - a great big nation in the South American Continent that expanded from the Amazon Basin in the north to vineyards and massive Iguaçu Falls in the south. However, the proud nation did start from the 15 donatry captaincy colonies, originally established on the Northeast Atlantic coast near the 46th Meridian West also known as Tordesillas Line of 1494 . This did put the boundary between neighboring colonies of the Spanish Crown. On the month of April, 1500 - as recorded, Pedro Álvares Cabral claimed the land for Portugal. Brazilians don't celebrate their discovery like it was a very big day for all of them - like it was the day that their story really began. NO! For the reason that their history reaches way past thousands of years before the Portuguese fleet came. The rich history of this land started with the indigenous people of Brazil. The region where the Portuguese explorers anchored was already inhabited by hundres of different tribes...
2 comments
Read more

Filipinos in the Middle East

Top destination for Filipino working abroad? That's the Middle East! But why? Is it because of the salary? Or the environment? Or the luxury? Filipino loves working, we know that already. But to choose the Middles East intrigues me. Why? Firstly, the Middle East (UAE, qatar, and Egypt) - the world's fastest growing construction market! Because of this, they need skilled workers and laborers at low cost plus able to communicate with them easily. As we all know, most Filipinos speak English and that's a catch. It's cheap for the employers but a fortune for Filipinos. A good example for that is the Engineering department. Filipino Engineers can earn a starting salary of Php 15,000 a month in a private company, suprisingly in the Middle East a Filipino Engineer can earn Php 60,000 to 100,000 per month! This kind of salary in the Philippines is for Top executives or the highest pay for a Proffesor in college. Domestic work, healthcare, construction labor, skille...
Post a Comment
Read more