also gild, early 13c., yilde (spelling later influenced by Old Norse gildi "guild, brotherhood"), a semantic fusion of Old English gegield "guild, brotherhood," and gield "service, offering; payment, tribute; compensation," from Proto-Germanic *geldjam "payment, contribution" (source also of Old Frisian geld "money," Old Saxon geld "payment, sacrifice, reward," Old High German gelt "payment, tribute;" see yield (v.)).
The connecting sense is of a contribution or payment to join a protective or trade society. But some look to the alternative prehistoric sense of "sacrifice," as if in worship, and see the word as meaning a combination for religious purposes, either Christian or pagan. The Anglo-Saxon guilds had a strong religious component; they were burial societies that paid for Masses for the souls of deceased members as well as paying fines in cases of justified crime. Continental guilds of merchants, incorporated in each town or city and holding exclusive rights of doing business there, arrived after the Conquest. In many cases they became the governing body of a town (compare Guildhall, which came to be the London city hall). Trade guilds arose 14c., as craftsmen united to protect their common interest.
Web design and development by MaoningTech.