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It was an association of people who practiced the same trade, say, Dyers, or Butchers, or Silversmiths. Its purpose was to maintain a standard of skill and to fix prices so that inferior workmen wouldn't undercut established masters.

Like a lot of associations, Guilds did some good and some bad. They did tend to keep quality up, but they also conspired against the public and prevented new ideas from spreading.

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Q: What is a medieval guild?
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