Guilds are a group of players in-game to do raids/pvp/battlegrounds or to just help each other level. Some just want people to talk to when they are out in the world of Azeroth.
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The ancient Romans had a guild for just about everything, from funeral guilds to musician's guilds. Any occupation could have a guild or union as we would call them today. The guilds set guidelines for wages and some of them were politically important.
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Among the oldest guilds were those for stone masons and glass makers. But there were guilds of all sorts, and in guild oriented cities, many or most jobs were involved in the guild structure. There were carpenters' guilds and bakers' guilds and cobblers' guilds. There were even guilds that were entirely female, such as the silk guilds of Paris and Cologne. In time, there were also merchant guilds, in addition to craft guilds. Please use the link below for more information.
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The Minrothad Guilds was created in 1988.
Guilds
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At the beginning of the 17th century, the three main guilds in the context of European trade and commerce were typically the Merchant Guilds, Craft Guilds, and Religious Guilds. Merchant Guilds focused on trade and commerce, Craft Guilds represented various skilled trades and crafts, while Religious Guilds were associated with spiritual and charitable activities. These guilds often experienced divisions based on economic interests, political power, and social status, leading to conflicts and changes in their structures and influence.
Guilds have been around since the site was created.
The modern descendant of guilds you are asking about is probably the trade union. There are other modern institutions that are descendants of the medieval guilds. One important guild function was standards regulation, which were taken up by government bureaus and agencies. Chambers of Commerce also have functions that are based on medieval guild operations to some degree. Medical associations, such as the AMA, can be said to be based on ideas founded by guilds.
The medieval organizations of tradesmen were called trades guilds or mercantile guilds. There were also crafts guilds.