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Labor
and Capital
5
Labor and Capital
Guilds
Guilds were associations of men and sometimes women that performed a
combination of social,
religious, and economic activities. More prevalent in
urban areas, they tended to be either parish organizations created to perform
religious devotions, or craft or trade fellowships
designed to regulate their
organizations (membership, craft standards, and other activities), protect their
business from local and overseas competition,
and expand trade in national
and foreign markets. With the wool staples, which began in the early four-
teenth century and which favored English rather than alien traders, English and
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