A Political and Social History of Modern Europe V.1. — John Shaqi
A Political and Social History of Modern Europe V.1.Hayes, Carlton J. H. (Carlton Joseph Huntley)
History
A Political and Social History of Modern Europe V.1.
Hayes, Carlton J. H. (Carlton Joseph Huntley)
Europe -- History; Europe -- Politics and government
The most important duty of the gild had been the regulation of the home
market. Burdensome restrictions were laid upon the stranger who
attempted to utilize the advantages of the market without sharing the
expense of maintenance. No goods were allowed to be carried away from
the city if the townsmen wished to buy; and a tax, called in France the
_octroi_, was levied on goods brought into the town. [Footnote:
The _octroi_ is still collected in Paris.] Moreover, a conviction
prevailed that the gild was morally bound to enforce honest
straightforward methods of business; and the "wardens" appointed by the
gild to supervise the market endeavored to prevent, as dishonest
practices, "forestalling" (buying outside of the regular market),
"engrossing" (cornering the market), [Footnote: The idea that
"combinations in restraint of trade" are wrong quite possibly goes back
to this abhorrence of engrossing.] and "regrating" (retailing at higher
than market price). The dishonest green grocer was not allowed to use a
peck-measure with false bottom, for weighing and measuring were done by
officials. Cheats were fined heavily and, if they persisted in their
evil ways, they might be expelled from the gild.
These merchant gilds, with their social, protective, and regulative
functions, had first begun to be important in the eleventh century. In
England, where their growth was most rapid, 82 out of the total of 102
towns had merchant gilds by the end of the thirteenth century.
[Footnote: Several important places, such as London, Colchester, and
Norwich, belonged to the small minority without merchant gilds.] On the
Continent many towns, especially in Germany, had quite different
arrangements, and where merchant gilds existed, they were often
exclusive and selfish groups of merchants in a single branch of
business.
[Sidenote: Decline of Merchant Guilds]
With the expansion of trade and industry in the thirteenth and
fourteenth centuries the rule of the old merchant gilds, instead of
keeping pace with the times, became oppressive, limited, or merely
nominal. Where the merchant gilds became oppressive oligarchical
associations, as they did in Germany and elsewhere on the Continent,
they lost their power by the revolt of the more democratic "craft
gilds." In England specialized control of industry and trade by craft
gilds, journeymen's gilds, and dealers' associations gradually took the
place of the general supervision of the older merchant gild. After
suffering the loss of its vital functions, the merchant gild by the
sixteenth century either quietly succumbed or lived on with power in a
limited branch of trade, or continued as an honorary organization with
occasional feasts, or, and this was especially true in England, it
became practically identical with the town corporation, from which
originally it had been distinct.
[Sidenote: Industry: the Craft Guilds]
Public-domain text, read in full here on John Shaqi.
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