Council of Merchants

The Council of Merchants was an influential group of merchants in medieval England who banded together to protect their commercial interests, regulate trade, and ensure fair practices. They often set prices, determined rules for buying and selling, and worked to improve the overall stability of commerce. By organizing collectively, they could better influence economic policies and create a structured approach to trade within towns or regions. This council helped promote efficient commerce, prevent disputes, and support the growth of markets, playing a key role in fostering economic development during that period.