usually Medieval Towns were part of a kingdom that is ruled by a king. So, technically a king ruled the Medieval Towns
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In the earlier Middle Ages, the towns were largely under the control of the local lords, who answered to monarchs. But the local lords often lost control of the towns, as merchant and craft groups became stronger, which began in the Early Middle Ages.
In the later parts of the Middle Ages, the political power in towns was often held by guilds or groups of guilds acting together. Some towns and cities, called communes, had republican governments. Some were independent of any monarch, and this was especially true in Italy. Others, though locally republican, were at least nominally subject to a king or emperor.
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Some medieval towns were governed by feudal lords.
Some had republican governments. Many of these were what is termed Medieval Communes. They existed commonly in Italy and the Holy Roman Empire.
Some towns were simply governed by a mayor, and possibly a town council. The mayor might be appointed by a feudal lord or elected by some group of people. There was a lot of variation.
Medieval towns were governed according to their charters, and the charters varied quite a lot. Many of the towns were controlled by the guilds or other organizations that took responsibility for the local markets.
There is a link below to an article on medieval communes, which goes into this further.
The King obviously had the most power, then it would have been the Barons, then Knights, then the different types of peasant.
Just look up 'The Feudal System'
Hope this helps :)
Trade, of course. As trade grew and more goods were able to be brought in and out of one city, the city grew.
There were no factories in the Middle Ages.
merchants ran very sizable businesses also they dominated the town and grew very wealthy
As the trade increased, the towns grew larger, and several cities became wealthy from trade. Slowly, people began using money again to pay for goods.
Fairs took place regularly, in the same place. They did not normally need to be advertised. The origins were just local markets, and these grew into fairs.