Corporation (feudal Europe)
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Corporation (feudal Europe)
In feudal Europe, a corporation (from the Latin , a body) 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 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. The term "corporation" was used as late as the 18th century in England 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. In the medieval town, however, corporations were a conglomeration of interests that existed either as a development from, or in competition with, guilds. The most notable corporations were ...
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Feudalism
Feudalism, also known as the feudal system, was the combination of the legal, economic, military, cultural and political customs that flourished in medieval Europe between the 9th and 15th centuries. Broadly defined, it was a way of structuring society around relationships that were derived from the holding of land in exchange for service or labour. Although it is derived from the Latin word ''feodum'' or ''feudum'' (fief), which was used during the Medieval period, the term ''feudalism'' and the system which it describes were not conceived of as a formal political system by the people who lived during the Middle Ages. The classic definition, by François Louis Ganshof (1944), François Louis Ganshof (1944). ''Qu'est-ce que la féodalité''. Translated into English by Philip Grierson as ''Feudalism'', with a foreword by F. M. Stenton, 1st ed.: New York and London, 1952; 2nd ed: 1961; 3rd ed.: 1976. describes a set of reciprocal legal and military obligations which existed am ...
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Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be Boundaries between the continents of Earth#Asia and Europe, separated from Asia by the drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and E ...
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Monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or company, enterprise is the only supplier of a particular thing. This contrasts with a monopsony which relates to a single entity's control of a Market (economics), market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. Monopolies are thus characterized by a lack of economic Competition (economics), competition to produce the good (economics), good or Service (economics), service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise ...
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England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe by the North Sea to the east and the English Channel to the south. The country covers five-eighths of the island of Great Britain, which lies in the North Atlantic, and includes over 100 smaller islands, such as the Isles of Scilly and the Isle of Wight. The area now called England was first inhabited by modern humans during the Upper Paleolithic period, but takes its name from the Angles, a Germanic tribe deriving its name from the Anglia peninsula, who settled during the 5th and 6th centuries. England became a unified state in the 10th century and has had a significant cultural and legal impact on the wider world since the Age of Discovery, which began during the 15th century. The English language, the Anglican Church, and Engli ...
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British East India Company
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia. The company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC had its own armed forces in the form of the company's three Presidency armies, totalling about 260,000 soldiers, twice the size of the British army at the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times. Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade duri ...
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Hudson's Bay Company
The Hudson's Bay Company (HBC; french: Compagnie de la Baie d'Hudson) is a Canadian retail business group. A fur trading business for much of its existence, HBC now owns and operates retail stores in Canada. The company's namesake business division is Hudson's Bay, commonly referred to as The Bay ( in French). After incorporation by English royal charter in 1670, the company functioned as the ''de facto'' government in parts of North America for nearly 200 years until the HBC sold the land it owned (the entire Hudson Bay drainage basin, known as Rupert's Land) to Canada in 1869 as part of the Deed of Surrender, authorized by the Rupert's Land Act 1868. At its peak, the company controlled the fur trade throughout much of the English- and later British-controlled North America. By the mid-19th century, the company evolved into a mercantile business selling a wide variety of products from furs to fine homeware in a small number of sales shops (as opposed to trading posts) acros ...
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Patent
A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A patent is not the grant of a right to make or use or sell. It does not, directly or indirectly, imply any such right. It grants only the right to exclude others. The supposition that a right to make is created by the patent grant is obviously inconsistent with the established distinctions between generic and specific patents, and with the well-known fact that a very considerable portion of the patents granted are in a field covered by a former relatively generic or basic patent, are tributary to such earlier patent, and cannot be practiced unless by license thereunder." – ''Herman v. Youngstown Car Mfg. Co.'', 191 F. 579, 584–85, 112 CCA 185 (6th Cir. 1911) In most countries, patent rights fall under private law and the patent holder mus ...
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Guild
A guild ( ) is an association of artisans and merchants who oversee the practice of their craft/trade in a particular area. The earliest types of guild formed as organizations of tradesmen 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 were mostly regulated by the city government. A lasting legacy of traditional guilds are the guildhalls constructed and used as guild meeting-places. Guild members found guilty of cheating the public would be fined or banned from the guild. Typically the key "privilege" was that only guild members were allowed to sell their goods or practice their skill within the city. There might be controls on minimum or maximum prices, hours of trading, numbers of apprentices, and many other things. These rules reduced free competition, but sometimes mainta ...
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Guild
A guild ( ) is an association of artisans and merchants who oversee the practice of their craft/trade in a particular area. The earliest types of guild formed as organizations of tradesmen 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 were mostly regulated by the city government. A lasting legacy of traditional guilds are the guildhalls constructed and used as guild meeting-places. Guild members found guilty of cheating the public would be fined or banned from the guild. Typically the key "privilege" was that only guild members were allowed to sell their goods or practice their skill within the city. There might be controls on minimum or maximum prices, hours of trading, numbers of apprentices, and many other things. These rules reduced free competition, but sometimes mainta ...
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Guilds Of Brussels
The Guilds of Brussels (french: Guildes de Bruxelles, nl, Gilden van Brussel), grouped in the Nine Nations of Brussels (french: Neuf Nations de Bruxelles, nl, Negen Naties van Brussel), were associations of craft guilds that dominated the economic life of Brussels, Belgium, in the late medieval and early modern periods. From 1421 onwards, they were represented in the city government alongside the patrician lineages of the Seven Noble Houses of Brussels,David M. Nicholas, ''The Later Medieval City: 1300–1500'' (Routledge, 2014), p. 139. later also in the States of Brabant as members of the Third Estate. As of 1421, they were also able to become members of the Drapery Court of Brussels. Together with the Seven Noble Houses, they formed the bourgeoisie of the city. Some of their guildhouses can still be seen as part of the UNESCO World Heritage Site of the Grand-Place/Grote Markt in Brussels. Composition Rather than being limited to a specific trade, each of the nine "n ...
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Bourgeois Of Brussels
In City of Brussels, Brussels, as in most European cities, one needed the capacity of Bourgeoisie, bourgeois (equivalent to German Burgher (title), burgher or English Burgess (title), burgess; in French ''bourgeois'' or ''citoyen'' ''de Bruxelles''; in Dutch ''poorter'' or ''borger'' ''van Brussel''; in Latin ''civis'' or ''oppidanus'' ''Bruxellensis'') in order to not only exercise Civil and political rights, political rights, but also to practice a Craft, trade, which, in Brussels, meant to be a member of the Guilds of Brussels, Guilds or of the Seven Noble Houses of Brussels, Seven Noble Houses. The charter of Brussels, as codified in 1570 in articles 206 and following, provided the conditions of admission to the bourgeoisie of the city. The Bourgeois were the Patrician (post-Roman Europe), patrician class of the city. This social class was abolished by Napoleon during the History of Belgium#French control, French occupation. Capacity of bourgeois The non-bourgeois inhabitan ...
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Bourgeois Of Paris
A bourgeois of Paris was traditionally a member of one of the corporations or guilds that existed under the Ancien Régime. According to Article 173 of the Custom of Paris, a bourgeois had to possess a domicile in Paris as a tenant or owner for at least a year and a day. This qualification was also required for public offices such as provost of the merchants, alderman or consul, but unlike the bourgeois or citizens of other free cities, Parisians did not need letters of bourgeoisie to prove their status. A bourgeois of Paris had privileges as well as duties. While they were exempt from paying the taille, they were required to pay the city taxes, contribute to a public charity, arm themselves at their own expense, and join the urban militia. Definition According to article 173 (previously 129) of the Custom of Paris, the "right of the Bourgeoisie" can be attained in Paris by any person "living and residing there for a year and a day." "Living and residing" meant having a ...
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