Question

Using examples from the lessons, defend or reject the following statement in two to three complete paragraphs:

"Medieval guilds and banking systems helped to usher in a modern market economy."

Answer 1

I will defend that statement.
The medieval guilds and banking system operate in a very similar style with Venture capitals and modern banks.
The existence of these organizations provide a new way to circulate the money from capital owner to borrowers and helped to expand the economy into what we see today.