Causes for the decline of the Guild system.
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Division of labour was yet an another reason,while with the rising of the new monarchs a new system of strong and self sufficient came into being which went well with the idea mercantilists who successfully frowned the local and conservative outlook of the guild system,followed by losing influence and importance which ...
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The decline of the medieval craft guilds was a slow and tortuous process during the Renaissance and Reformation periods. Craft guilds broke down as the pace of technological innovation spread and new opportunities for trade disrupted their hold over a particular industry.
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