16
Lesson 16
Business in the Middle Ages: Working in a Guild
Students take part in a production activity that emphasizes the importance of job skills and training, which were provided by guilds in medieval Europe. They are introduced to information about the organization and purposes of guilds and the effects of specialization and monopoly power. Finally, they inspect an adaptation of a document from the Hatters Guild of London in 1347 to draw conclusions about the roles of guild members and the Hatters Guild.
Concepts
- Monopoly
- Product
- Production
- Productivity
- Specialization
Standards in Economics and Personal Finance
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