Question

Select all that apply. Which of the following were responsibilities of a guild? regulating prices and competition protecting a member’s interest against outsiders funding public works projects organizing religious festivals and banquets

Answer 1

egulating prices and competition protecting a member’s interest against outsiders

Answer 2

Regulating prices and competition.

Protecting a member’s interest against outsiders.

A guild is an association of artisans or merchants. The guild served as trade unions, cartels and professional association who oversaw the practice of a certain craft of trade over a particular area.

Some universities emerged as guild of students or masters, such as Bologna (1088), Oxford (1096) and Paris (1150).