Impact of Guilds on Medieval Life Research Paper

Impact of Guilds on Medieval Life - Research Paper Example Guilds were the early associations of skilled workers that originated in the European countries – mostly, France, Germany, England and Italy – which had the written consent of the authority of their region to manage the workforce relevant to the requirements of job owners. Guilds had their advantages of working as collective union whereby ensuring employment opportunities to all the members with reasonable wages and social respect. They held high regards from the monarchs and clergymen for the unique knowledge they possessed for accomplishing the required merits at their desired fields of work. This essay focuses on the influence of guilds in industry, trade and economy across the world during the medieval period. Origin and Extend Guilds were probably the first organized group of individuals set for contributing money and effort towards a common goal in the history of mankind. They comprised the involvement of people from all walks of life which had the original root f rom the Anglo-Saxon civilization throughout Europe. According to Staley, as early as the period of Roman Empire, trade unions were formed with the association of men of similar age, interests, instincts and employment skills and trained for the purpose of the wellbeing and the moral guidance of the society (33). Early guilds were effectively trained by the trade schools for the military purposes and for the constructive requirements of kingdoms. Trained guilds were able to handle jobs in organized sectors, and most of them provided employment to individuals working from their homes. Organized activities of guilds had their influence greatly on the administrative sectors of revenue and merchandise in the early European economy. Since the ancient trade involved international transport of commodities, merchants had formed guilds that operated their business mainly through sea-routes. These trade gilds were the founders of sub-classes of business processes like wholesalers, retailers an d business agents in their domestic as well as international commerce. The foremost of all their achievements was the formation of colonies in foreign countries for the easy access to international business. A clear reference of the proceedings of the early merchant guilds focus the light to the centralized business management applications they employed in the international commerce. Some studies like that of Richardson show that these guilds had a strict regulation of a contractual relationship among members by which they were collectively responsible for the default of each member; and in case of the goods being forfeited at a foreign port for alleviating bad debts, the owner could claim for compensation from the actual defaulter at his home country. Craft guilds, on the other hand, focused on the promotion of particular trades and owned small work units that usually operated from home. Their basic segment of work related to conversion of agricultural commodities to consumable goo ds and their sales in the open market. Bakers, butchers and brewers were the most important category that held the profession in the consumer goods trade. More durable goods were the elements of manufacture guilds that produced goods and sold them in distant markets besides meeting the demands of the local buyers. Under the durable’