Yet there was arising, even at the time when the old companies were being destroyed, a movement in favour of some return to organisation and regulation. Organisation indeed seems to have been a characteristic of the English people at all stages of their history. The Saxons had their Frith Gilds and their Monks' Gilds; the English of the Middle Ages had their Merchant, Religious, Social, and Craft Gilds; in the sixteenth century they had their Trade Societies, the direct and in many cases the little-altered successors of the Craft Gilds. Then came the larger Regulated Companies, which also had some features in common with the mediaeval Gilds, more with the sixteenth century societies. The main differences between the earlier associations and those of a later date lay in the avowed motive of confederacy and in the nature of the influence they exercised. The ostensible motive of the Gilds was the general welfare: in the case of the companies it was individual gain. The influence of the Gilds may be called a healthy social and moral influence[229]; that of the post-reformation companies in the towns was in the main directed to selfish and political ends[230]. New organisations, adapted to altered conditions of life and new modes of thought, resembling and yet differing from the Gilds, were now to arise and take the place of the companies as these had taken the place of the mediaeval fraternities. The growth of these however will be beyond the scope of the present essay. It was doubtless necessary that the companies should be pulled down from the lofty heights which they once had occupied. It was requisite that all relics of the detailed system of trade-organisation which the Middle Ages had handed down to us should be broken up, to make room for a _regime_ more conformable to modern conditions of industry. The anarchic reign of individualism through which trade passed at the beginning of this century was an unavoidable step in economic development. But it was a step attended with infinite loss and inestimable suffering, and it is well that proofs are not wanting of the approaching end of unrestrained competition and anti-social individualism. Signs of change are not wanting. Experience is continually demonstrating that organisation can accomplish vastly more than individual enterprise; that combination is immeasurably more powerful than competition. It is indeed the tracing out of this reaction in favour of combination for common ends, which lends to the economic history of the last hundred years its chief, perhaps its only, human interest. [Sidenote: _Socialists and other forms of organisation._]