For the most part, I understand the hierarchy of the kings down to barons. Those types usually live outside the city and own lands of their own within the kingdom.
However, I'm a little confused as to what type of wealthy people, lords, ladies, other aristocrats would live within the city.
For example, let's say someone wealthy was hosting a party for other wealthy aristocrats. What other types of wealthy people from within the city would show up? Would those guests all be lords and ladies? Are all aristocrats lords and ladies? Would they be guild leaders? Would there be multiple people from the same guilds there?
I can only assume the types of wealthy people who live within a city are those who have business there. This leads to me people who guilds. Which I am also somewhat ignorant about. So I have a few questions about them as well.
Would there be guilds who compete against each other? By that I mean would there be two identical fishing guilds competing with each other trying to establish trade with business owners? Offering better prices, things like that? Or would there be only one fishing guild, and you'd have two different people from that same guild compete against each other?
What I imagine is a party of aristocrats rubbing elbows, talking business and solidifying deals with each other. And people competing for... the best trading prices on exotic spices or something. Those two spice merchants would belong to the same guild, yes? Or would they be from two separate guilds?
I guess my main questions are:
Thanks for taking the time to help me out.
I can help a bit with your question about guilds. They were very much there to manage competition. Businesses today usually think of a market as pretty wide (if you can't sell toothpicks in your country, try the country next door) and open to development ( try orange-flavored toothpicks, when the market for plain toothpicks is glutted). In the pre-industrial world there was much more a tendency to think of a market as narrow and fixed. There are only so many people in the village, and so also only so many who need toothpicks. There is therefore room for only one toothpick maker. If another toothpick maker appears, there's a danger that in their competition the two makers will work too hard and cut their prices to the point where neither can survive, and that in trying to survive they will also have to make cheap, bad toothpicks that leave splinters in people's mouths. The solution to this problem was a guild. It controlled how many toothpick makers can set up in the village, set a price, and set a standard for the quality of toothpicks. It could also do other things- it could help out a toothpick maker if he became sick, supply a useful pool of information on toothpick manufacture. The guild would be set up by the craftsmen in the town, with a charter of authority granted by the government ( like the king, or the local lord.) It would have officers, a clerk to keep records, and procedures and rules for settling disputes and collecting fees from its members. ( No, there was never a London Guild of Worshipful Toothpick Makers...this is only figurative)
This worked pretty well at first, because Medieval crafts tended to cluster: if you wanted fine metalwork, you went to Nuremberg, if you wanted books, Frankfurt. So, with many makers and large markets , the guilds in those towns could be quite powerful- and very useful, as there would be competition for many things beyond customers: good shop locations, skilled workers, materials and supplies. But outside of those towns, the guild had no power. And so when transportation became better and markets expanded, the guilds became less relevant, because they could only control competition within their town, and were not always very welcoming of innovation. For example, as watchmaking technology improved and developed during the 18th c., the watchmakers' guilds in Paris, London and Geneva were constantly dealing with cheaper imported watches- first, London dealing with cheaper Paris watches, then Paris dealing with cheaper Geneva watches, then Geneva dealing with cheaper watches made nearby in the Jura. With industrial production in the 19th c., guilds became pretty much defunct.
Smith, J. T. (2021). English gilds. The original ordinances of more than one hundred early English gilds: Together with þe olde vsages of þe cite of Wynchestre; the Ordinances of Worcester; the Office of the mayor of Bris. Generic. https://books.google.com/books/about/English_gilds.html?id=IcRZAAAAMAAJ