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Updated: July 24, 2025
The whole polity of the Middle Ages industrial, social, political, ecclesiastical, was based on the principle of the group or the community ranging in hierarchical order from the trade-guild to the town corporation; from the town corporation through the feudal orders to the Imperial throne itself; from the single monastery to the order as a whole; and from the order as a whole to the complete hierarchy of the Church as represented by the papal chair.
Though the Court's law proved to be good, since it has stood, its history was fantastic; for the trade-guild was the offspring of trade monopoly, and a trade monopoly had for centuries been granted habitually by the feudal landlord to his tenants, and indeed was the only means by which an urban population could finance its military expenditure.
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