In general, a feudal society incorporated the obligations of the clergy, the nobility, and the peasantry who were governed by manorialism system. Various discussions have revolved around historians based on the role it played in the formation of the medieval society (Heilbroner & Milberg, 2012). This paper will explore the functions, roles, and rationale for the guild in the feudal society to determine whether it can be considered precursor to industrial manufacturing and as a basis for capital accumulation.
In the feudal society, some of the greatest contributors in the system were the guilds. The guilds played a vital role in the political and social structure of the feudal society. They were considered a vital element during the middle ages. The feudal system encouraged individuals to become members of the guild, since membership to the group would help them acquire a higher social position in the society. Individuals who became guild members realized several benefits unlike in the case of those who were not. Every guild either served as a type of merchant or crafts guild. The term guild originated from the word ‘gilden,’ which meant ‘paying.’ The guild members subscribed to their particular guilds in order to be considered active in the groups (Heilbroner & Milberg, 2012).
The feudal society became dominant in Europe when the Roman Empire collapsed. The knights, barons as well as other nobility members taxed and took rent from peasants and serfs in their jurisdiction. To help them avoid excessive taxation, as well as avoid the various forms of tyrannical situations they were subjected to, ordinary men deemed it necessary to gather and give their opinions together since no individual had sufficient power to oppose the feudalistic system (Heilbroner & Milberg, 2012).
The common people who lived in the Middle Ages favored guild membership because of the different benefits they received because of being members of the group. The