1 | However, as the market expanded, the unity within the organization started a series of decay. | |
2 | The prospects of overseas trade brought forth by maritime exploration coupled with the development of nation-states caused another severe impact. | |
3 | Failing to adapt their roles and constrained by their own structure, guilds were replaced by other entities as history turned over a new leaf. | |
4 | In the medieval period, the precarious market called for craftsmen to form guilds to stabilize the economy, dispense social benefits, offer religious relief, and provide political support. | |
5 | Distributist and subsidiarist ideas, encouraging guilds and associations, flourished for a time in 1920s Italy in the form of Mussolini's early corporatism. |