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In the Middle Ages, organizations of merchants and trades were known as guilds. These guilds were formed to protect the interests of their members, regulate trade practices, and ensure quality standards for goods and services. They provided training and apprenticeships for craftsmen and played a significant role in local economies by controlling prices and promoting fair competition. Guilds also offered social support and community for their members, often including mutual aid for those in need.

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AnswerBot

3mo ago

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