Medieval Merchant Guilds

Medieval merchant guilds were associations of traders and merchants in the Middle Ages, primarily in Europe. They aimed to control trade practices, protect their members' interests, and ensure fair competition. By setting standards for quality, prices, and working conditions, guilds helped secure economic stability in their towns. They also provided support in times of need, such as during illness or financial difficulty. Membership often required a significant investment and adherence to strict rules, but it offered privileges like exclusive trading rights. Over time, guilds played a crucial role in the development of towns and the rise of a middle class.