what are the aims of guilds 3 points.
Answers
Guild, also spelled gild, an association of craftsmen or merchants formed for mutual aid and protection and for the furtherance of their professional interests. Guilds flourished in Europe between the 11th and 16th centuries and formed an important part of the economic and social fabric in that era.
Answer:
Aims of guilds were
- To foster mutual help and cooperation
- To maintain the monopoly of the markets
- Attainment of economic stability
The economic interests of their members were pushed by these groups, which were founded by craftsmen and merchants. They also provided safety and mutual assistance.
The name 'guild' is thought to have its origins in the Anglo-Saxon word 'geld.' 'Geld' means 'to contribute, to pay'.
The guilds saw it as their responsibility to enforce contracts between members and between members and outsiders.
The guilds also monitored the behaviour of their members. The guilds saw it as their responsibility to protect their members against the rulers' predation.
To achieve their common goals, the members needed to work together. To persuade members to collaborate, guilds established durable and self-enforcing associations.
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