Analysis Of The Craft Guild Of London In The Late Medieval Ages

With the development of commercial economy,the craft guild of London has undergone roughly three stages,such as rising,development and decaying.As one of the important economic organizations of London society,the craft guild occupied an especially important historical position in London society life.In view of this,the author chooses the craft guild of London as research object and emphatically analyzes the development,the basic functions and historical position of it during this period.This paper mainly expounds the rising and development of craft guild of London in the late medieval ages.The improvement of agricultural production tools,the perfection of the farming system,the raising of per unit yield and the prosperity of commence and industry have laid the solid material foundation for its rise.The superior geography location provides a probability for its rise.Craft guild has been brisked in social and economic activities of London for centuries,which was mainly contributed by the guild apprenticeship and the guild management system.The guild apprenticeship and the management system should not only guarantee the quality of their industrial products,but also foster a batch of good urban citizens.At the same time,the article emphatically discuss economic function of craft guild from three aspects:commodity prices,quality of products and process scale.In the end,it also briefly introduces social function and political function.The measures which have been taken by craft guild suited to its then productivity level and greatly push forward the development of commodity economy.However,with the development of commodity economy,the limitations of craft guild was increasingly highlight.Finally,as the sprout of capitalism and development crisis,the craft guild of London was on the path of company.