How did money, guild systems, the growth of cities, and trade impact the Middle Ages?
Answers
Answered by
1
Craft Guilds controlled the wages, quality & conditions of sale of the product their members produced. ... In effect, then, a guild established a monopoly on all aspects of a particular craft and their control of wages was especially significant when labour became short under such conditions as plagues or famines.
Guilds helped build up the economic organization of Europe, enlarging the base of traders, craftsmen, merchants, artisans, and bankers that Europe needed to make the transition from feudalism to embryonic capitalism.
Similar questions