Corporation (feudal Europe)

Last updated

In feudal Europe, a corporation (from the Latin corpus, corporis a body) [1] was an aggregation of business interests into a single legal body, entity or compact, usually with an explicit license from city, church, or national leaders. These functioned as effective monopolies for a particular good or labor. Most notably, merchants, bankers, notaries, blacksmiths, shoemakers. These corporations experienced their greatest development between the thirteenth and fourteenth centuries and declined and then disappeared between the seventeenth and eighteenth centuries. In Italy, these corporations were mainly called Arts or Crafts Corporations, in Germanic-speaking countries Guilds.

Contents

Name

The term "corporation" was never used outside of Italy(Corporazioni delle arti e dei mestieri). In other countries, they were called métiers ("craft bodies") in France, guilds in England, Zünfte in Germany, gremios in Castile, gremis in Catalonia and València, grémios in Portugal, συντεχνία in Greece, and with others denominations.

In Italy they had different names from region to region: Arts and Craft Corporations in Tuscany, fraglie in the Venetian hinterland, scole in Venice, paratici in various cities of Lombardy,gremi in Sardinia, society of arts in Bologna, colleges in Perugia. Often the official name was universitates or collegia in Latin. As late as the 18th century in England it was used to refer to such ventures as the East India Company or the Hudson's Bay Company: commercial organizations that operated under royal patent to have exclusive rights to a particular area of trade.

History

Florence

The first of the Corporations was the Calimala corporation, or Merchants' Guild, which was formed in 1150. The name Calimala most likely derives from the Greek "kalòs mallòs", or "beautiful wool", with evident reference to the fact that the art of merchants brought together many wool traders. At the time, Via Calimala was full of shops dedicated to this trade and the headquarters of the corporation was located there.

The seven corporations that were formed in Florence and took the name of Major Arts, were established between the second half of the 12th century and the first half of the 13th century, progressively detaching themselves from the "original" corporation of Calimala. In the year 1266, the main headquarters of the Major Arts Corporations was still Calimala and in that year it was decided that these societies should be organized in an even more stable way, each with its own banner, under which to gather the people in arms if necessary. The members of these corporations found themselves managing and administering large interests and managed to create commercial and financial relationships in many parts of the world; their economic primacy led them by the end of the thirteenth century to the leadership of the Florentine Republic.

Holy Roman Empire

The Zunftrevolution

In some cities of the Holy Roman Empire, artisans organized into corporations came to seize power in the Zunftrevolution In these free cities of the Empire the "government of the arts" were established for a period, which guaranteed the corporations a dominant position in the city council. In Zurich the corporate constitution (Zunftverfassung) was established in 1336 and lasted until 1798. Other Swiss cities with a corporate regime were Basel, Schaffhausen and St. Gallen. In Cologne and Aachen the corporations acted politically within larger organizations called Gaffeln. In 1396 the 22 Gaffeln signed the "Letter of Alliance", which introduced a constitutional system to Cologne through which the Gaffeln took over the political management of the city, removing it from the control of patrician families, which in Cologne was called Richerzeche. In 1450 the inhabitants of Aachen did the same and promulgated the so-called Aachener Gaffelbrief. n Flanders, in Ghent, Bruges and Liège, the corporations managed to obtain only a few seats in the city's cpirt, alongside those occupied by the old patricians. However, between the end of the Middle Ages and the beginning of the Modern Age, the majority of corporate republics (Zunftrepubliken) disappeared under the pressure of territorial princes, and the political power of the corporations was suppressed or reduced to commercial matters. By 1550 the power of the corporations (Zunftherrschaft) was canceled in all the cities of the Empire by Charles V. Subsequently, until the end of the Holy Roman Empire the cities would be governed by the city's patriciate.

Age of Absolutism

With the advent of Absolutism, the corporations lost any political role, but maintained and enforced their economic role. They became instruments of the monarchies dirigist policies in exchange for the monopoly of their trade.

Within the corporations, the role of master became almost hereditary, while workers were gradually left outside the trade corporations. In the corporations, the traditional hierarchy between major and minor arts was in some cases transformed into a relationship of trade between individual corporations, more similar as today, thus, for example, dyers and weavers business corporations came to depend on fabric businessmen.

In the second half of the eighteenth century, the Enlightenment promoted the idea of the free market and consequently the enlightened sovereigns abolished the corporation guilds. The Grand Duchy of Tuscany in 1770, the Duchy of Milan in 1787. In France they were suppressed by the Revolution in 1791 with the Le Chapelier law. In London livery companies were not abolished, but were reduced to a ceremonial role only.

The organization of corporations

Regardless of geographical diversity and political involvement, the primary task of each corporation was the defense of the monopoly of the exercise of its trade and those who practiced it even though they were not members were considered by the corporation to be workers who constituted a potential danger. towards members. It is therefore possible to identify traits common to all corporations, regarding their line of conduct and the objectives pursued.

The protection of the quality of manufactured goods, especially with regard to corporations dedicated to commercial activities; the internal regulations imposed strict control on the use of raw materials, work tools, processing techniques in a primitive form of property rights enforcement, i.e. those products that did not comply with the quality standards set by the associations.

The principle of equality between members, which although only formally respected, was aimed at preventing actions of unfair competition between members of the corporation; in reality the carrying out of the activities was bound by a hierarchical order, which distinguished the members into masters, apprentices and simple workers, creating a notable economic disparity among the members.

The training of new freshmen, through a period of apprenticeship (the current internship) had a variable duration from city to city; the apprentice entered as a child into the master's workshop who undertook to teach him all the secrets of the trade.

The exercise of jurisdiction over its members, whereby the corporations claimed exclusive jurisdiction in matters within their jurisdiction, such as lawsuits between members and infringements committed against the regulations.

Each corporation had its own statute and was structured according to representative bodies:

The Corporal: it was the plenary assembly of members which initially met at close intervals and elected representatives called, depending on the case, consuls, priors, rectors, captains, etc.; the consuls remained in office only for short periods and had the task of managing all the corporation's activities, including external public relations.

The Council: was a smaller consultative body with the task of ratifying or rejecting the decisions of the Corporal and gradually replaced the Corporal, which was convened less and less frequently.

The bureaucratic apparatus: generally composed of a notary with the functions of secretary and protocol officer and a treasurer.

Economic effects

The effects of a corporation were similar to a monopoly. On the one hand, the ability to have sole access to markets meant that the business was encouraged (e.g., the ability to be an exclusive trader provided an incentive to the East India Company to accept financial risks in exploration) and the negative effects of competition were avoided (to take the same example, exclusive patents cut down on merchants sponsoring piracy). Innovation was stifled, however, and prices were unregulated. (In the case of patent corporations, the town or monarch was ostensibly able to regulate prices by revoking the patent, but this rarely occurred.)

See also

Related Research Articles

<span class="mw-page-title-main">Corporation</span> Legal entity incorporated through a legislative or registration process

A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity and recognized as such in law for certain purposes. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock, or whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as aggregate or sole.

<span class="mw-page-title-main">Guild</span> Association of artisans or merchants

A guild is an association of artisans and merchants who oversee the practice of their craft/trade in a particular territory. The earliest types of guild formed as organizations of tradespeople belonging to a professional association. They sometimes depended on grants of letters patent from a monarch or other ruler to enforce the flow of trade to their self-employed members, and to retain ownership of tools and the supply of materials, but most were regulated by the local government. Guild members found guilty of cheating the public would be fined or banned from the guild. A lasting legacy of traditional guilds are the guildhalls constructed and used as guild meeting-places.

<span class="mw-page-title-main">Merchant</span> Businessperson who trades in commodities that were produced by others

A merchant is a person who trades in commodities produced by other people, especially one who trades with foreign countries. Historically, a merchant is anyone who is involved in business or trade. Merchants have operated for as long as industry, commerce, and trade have existed. In 16th-century Europe, two different terms for merchants emerged: meerseniers referred to local traders and koopman referred to merchants who operated on a global stage, importing and exporting goods over vast distances and offering added-value services such as credit and finance.

<span class="mw-page-title-main">History of Cologne</span>

The History of Cologne covers over 2000 years of urban history. In the year 50, Cologne was elevated to a city under Roman law and named "Colonia Claudia Ara Agrippinensium"; since the Frankish rule it is known as Cologne. The city became an influential merchant stronghold in the early Middle Ages due to its location on the Rhine, which allowed the most seasoned Cologne wholesalers to control the flow of goods from northern Italy to England. The archbishops promoted the perception of "Holy Cologne" when they developed the city to the capital of their Electorate of Cologne; to this end, they had both the semicircular city wall and the Gothic cologne cathedral built as a demonstration of power. In the 15th century, Cologne was able to shake off archiepiscopal rule and, as a Free Imperial City, enabled the burgher ruling class to achieve great splendor, visibly documented by the Cologne School of Painting. After the Thirty Years' War, however, the city's development stalled. Only after French occupation when in 1815, Cologne was incorporated into Prussia, the city experienced a steady upswing borne by industrialization. In 1880, the cathedral was completed as a national monument of German imperial unity providing the city with its well-known landmark. Extensive devastation in the Second World War was followed by decades of reconstruction, which only slowly restored Cologne to its emblematic urban panorama on the Rhine through the efforts of urban repair. Today with more than one million inhabitants, Cologne is the fourth largest city in Germany. It is primarily marketed as an event city, with Cologne Carnival being perceived as the biggest tourist attraction.

Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different parties.

<span class="mw-page-title-main">Livery company</span> Ancient trade association in the City of London

A livery company is a type of guild or professional association that originated in medieval times in London, England. Livery companies comprise London's ancient and modern trade associations and guilds, almost all of which are styled the "Worshipful Company of" their respective craft, trade or profession. There are 111 livery companies in total. They play a significant part in the life of the City, not least by providing charitable-giving and networking opportunities. Liverymen retain voting rights for the senior civic offices, such as the Lord Mayor, Sheriffs and Common Council of the City Corporation, London's ancient municipal authority with extensive local government powers.

<span class="mw-page-title-main">Society of Merchant Venturers</span> Charitable organisation in Bristol, UK

The Society of Merchant Venturers is a charitable organisation in the English city of Bristol.

<span class="mw-page-title-main">Guildhall</span> Building used for meetings of guild members

A guildhall, also known as a "guild hall" or "guild house," is a historical building originally used for tax collecting by municipalities or merchants in Europe, with many surviving today in Great Britain and the Low Countries. These buildings commonly become town halls and in some cases museums while retaining their original names.

<span class="mw-page-title-main">Arte della Lana</span> Medieval Florentine wool guild

The Arte della Lana was the wool guild of Florence during the Late Middle Ages and in the Renaissance. It was one of the seven Arti Maggiori ("greater trades") of Florence, separate from the Arti Minori and the Arti Mediane (the "middle trades"). The Arte della Lana dealt in woollen cloth and cooperated with the other corporations of bankers and merchants in administering the commune, both under the podestà and the Republic of Florence. The powerful Albizzi family were prominent members of the guild.

<span class="mw-page-title-main">Company of Merchant Adventurers of London</span>

The Company of Merchant Adventurers of London was a trading company founded in the City of London in the early 15th century. It brought together leading merchants in a regulated company in the nature of a guild. Its members' main business was exporting cloth, especially white (undyed) broadcloth, in exchange for a large range of foreign goods. It traded in northern European ports, competing with the Hanseatic League. It came to focus on Hamburg.

The Cohong, sometimes spelled kehang or gonghang, a guild of Chinese merchants or hongs, operated the import–export monopoly in Canton during the Qing dynasty (1644–1911). During the century prior to the First Opium War of 1839–1842, trade relations between China and Europe took place exclusively via the Cohong – a system formalised by an imperial edict of the Qianlong Emperor in 1738. The Chinese merchants who made up the Cohong were referred to as hangshang (行商) and their foreign counterparts as yanghang.

Esnaf is a Turkish word which means "corporation". During the Early Modern Period belonging to a guild gave people a voice and was an important part of one's identity. Handicraft producers were linked to one another by a range of social, political, and economic ties. Guilds varied among societies, social class, and genders. There were many misconceptions, differences, as well as similarities between Europe and the Ottoman Empire. There were hierarchies within guilds; sometimes they shared tools, worked together, or worked alone.

<span class="mw-page-title-main">Guilds of Florence</span>

The guilds of Florence were secular corporations that controlled the arts and trades in Florence from the twelfth into the sixteenth century. These Arti included seven major guilds, five middle guilds and nine minor guilds. Their rigorous quality control and the political role in the commune that the Arti Maggiori assumed were formative influences in the history of Florence, which became one of the richest cities of late medieval Europe.

<span class="mw-page-title-main">Arte di Calimala</span>

The Arte di Calimala, the guild of the cloth finishers and merchants in foreign cloth, was one of the greater guilds of Florence, the Arti Maggiori, who arrogated to themselves the civic power of the Republic of Florence during the Late Middle Ages. The ascendancy of the Calimala ran from the organization of Florentine guilds, each with its gonfaloniere in the thirteenth century, until the rise of the Medici usurped all other communal powers in the fifteenth century. Their presence is commemorated in the via di Calimala, leading away from the city's Roman forum through the Mercato Nuovo to the former city gate, the Por Santa Maria, as the Roman cardo; the main street, as old as Florence itself, was a prime location for trade, even though, unpaved, crowded, and much narrower than its present state, it was truly a callis malis, an "ill passage-way". The name Calimala is of great antiquity and obscure etymology. Though the original earliest archives of the Arte di Calimala were lost in an 18th-century fire, abundant copies, preserved at the Archivio di Stato, Florence, document the guild's statutes and its activities.

<span class="mw-page-title-main">Voluntary association</span> Group of people with shared interests or aims

A voluntary group or union is a group of individuals who enter into an agreement, usually as volunteers, to form a body to accomplish a purpose. Common examples include trade associations, trade unions, learned societies, professional associations, and environmental groups.

<span class="mw-page-title-main">Imhoff family</span>

The Imhoff, Imhof or Im Hof family is a noble patrician family that belonged to the wealthy trading dynasties and ruling oligarchy in the Free Imperial City of Nuremberg during its Golden Age in the Renaissance. The Imhoff Trading Company was one of the most important European traders between the 15th and 17th centuries. It maintained branches and trade connections throughout Europe and financed European courts with loans.

<span class="mw-page-title-main">Aleppo Eyalet</span> Administrative division of the Ottoman Empire from 1534 to 1864

Aleppo Eyalet was an eyalet of the Ottoman Empire. After the Ottoman conquest it was governed from Damascus, but by 1534 Aleppo was made the capital of a new eyalet. Its reported area in the 19th century was 8,451 square miles (21,890 km2). Its capital, Aleppo, was the third largest city of the Ottoman Empire during the 16th and 17th century.

<span class="mw-page-title-main">Portuguese Macau</span> Portuguese colony (1557–1999)

Macau was a Portuguese colony from the establishment of the first official Portuguese settlement of Macau in 1557 to its handover to China in 1999. It comprised the Municipality of Macau and the Municipality of Ilhas. Macau was both the first and last European holding in China.

<span class="mw-page-title-main">Patriciate (Nuremberg)</span> Medieval Nuremberg Government

The Patriciate of the Imperial City of Nuremberg, the families entitled to the Inner Council, represented the actual center of power in Nuremberg until the French occupation in 1806.

<span class="mw-page-title-main">Venetian nobility</span> Noble families of Venice

The Venetian patriciate was one of the three social bodies into which the society of the Republic of Venice was divided, together with citizens and foreigners. Patrizio was the noble title of the members of the aristocracy ruling the city of Venice and the Republic. The title was abbreviated, in front of the name, by the initials N.H., together with the feminine variant N.D.. Holding the title of a Venetian patrician was a great honour and many European kings and princes, as well as foreign noble families, are known to have asked for and obtained the prestigious title.

References

  1. The Early History of the Corporation in England, Author: Harold J. Laski, Source: Harvard Law Review , Apr., 1917, Vol. 30, No. 6 (Apr., 1917), pp. 561-588 Published by: The Harvard Law Review Association https://www.jstor.org/stable/1326990