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guild |
Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson | 0.04 sec. |
guildAssociation of craftsmen or merchants formed for mutual aid and for the advancement of their professional interests. Guilds flourished in Europe between the 11th and 16th century and were of two types: merchant guilds, including all the merchants of a particular town or city; and craft guilds, including all the craftsmen in a particular branch of industry (e.g., weavers, painters, goldsmiths). Their functions included establishing trade monopolies, setting standards for quality of goods, maintaining stable prices, and gaining leverage in local governments in order to further the interests of the guild. Craft guilds also established hierarchies of craftsmen based on level of training (e.g., masters, journeymen, and apprentices). |
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| Each trade, however, had its own guild by which the members of it were bound together. For this day the Sheriff hath asked all the Butcher Guild to feast with him at the Guild Hall. The guild-masters were pushed on one side by the manufacturing middle class; division of labour between the different corporate guilds vanished in the face of division of labour in each single workshop. |
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guild