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VLD [36.1K]
3 years ago
8

What were guilds and why were they established ​

History
1 answer:
andrew-mc [135]3 years ago
4 0

Answer:

During the 11th century, merchant guilds were formed in many towns. They arose out of the need to protect commerce and industry in towns, which were outside the scope of the feudal system and thus had no laws or customs governing economic affairs.  Members of the guild had a monopoly on trade in that town.

Explanation:

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<h3>The Second Industrial Revolution </h3>

    The second industrial revolution which could also be termed as the Technological revolution was a period in history in which there was massive standardization and industrialization. This was generally between the the late 19th century and early 20th century.

    In America, the second industrial revolution introduced a period where technology was fast paced. This implied that the American economy was positively influenced because american workers could make more income with less work due to the sharp shift from human labor to machine labor.

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