https://www.superphysics.org/social/economics/principles/part-4/chapter-10/section-01/ Recent content in Guilds and Mercantilism on Superphysics Hugo en Thu, 06 Aug 2026 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-4/chapter-10/section-01/unit-01/ Thu, 06 Aug 2026 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-4/chapter-10/section-01/unit-01/ <p>Before the modern corporation, there was the guild.</p> <p>In medieval Europe, guilds were more than trade associations. They were <strong>self‑governing societies operating within the larger society</strong>—complete with their own rules, hierarchies, courts, currencies, and moral codes.</p> https://www.superphysics.org/social/economics/principles/part-4/chapter-10/section-01/unit-02/ Fri, 17 Dec 2021 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-4/chapter-10/section-01/unit-02/ <figure class="text-center pb-5"> <img src="https://www.superphysics.org/photos/objects/galleon.jpg" alt="Galleon" class="rounded-lg shadow mx-auto " loading="lazy"> </figure> <p>Mercantilism is an economic policy that emphasizes government intervention to increase the nation&rsquo;s revenue through artificial monopolies, subsidies, and trade wars.</p> <p>It had its roots with the silk road between Venice and China.</p>