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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