Two new kinds of craft fraternities appear in the 14th century and become more prominent in the 15th, namely, the merchants' and the journeymen's companies.
Now, many fraternities and sororities play an active role in campus life.
- The merchant and craft fraternities are particularly interesting to students of economic and municipal history.
Their fraternities or societies may be divided into three classes: religious or benevolent, merchant and craft gilds.
Some writers regard them as a continuation of the Roman collegia and sodalitates, but there is little evidence to prove the unbroken continuity of existence of the Roman and Germanic fraternities.