text_original: These trading groups asserted for themselves their right to free action in all that regarded the regulation of their work and the secure disposal of their profits, and thus they became what might be called governing bodies in each separate locality.
text_transcription: THESE TRADING GROUPS ASSERTED FOR THEMSELVES THEIR RIGHT TO FREE ACTION IN ALL THAT REGARDED THE REGULATION OF THEIR WORK AND THE SECURE DISPOSAL OF THEIR PROFITS AND THUS THEY BECAME WHAT MIGHT BE CALLED GOVERNING BODIES IN EACH SEPARATE LOCALITY
phonemes: ðiːz tɹˈeɪdɪŋ ɡɹˈuːps ɐsˈɜːɾᵻd fɔːɹ ðɛmsˈɛlvz ðɛɹ ɹˈaɪt tə fɹˈiː ˈækʃən ɪn ˈɔːl ðæt ɹᵻɡˈɑːɹdᵻd ðə ɹˌɛɡjʊlˈeɪʃən ʌv ðɛɹ wˈɜːk ænd ðə sᵻkjˈʊɹ dɪspˈoʊzəl ʌv ðɛɹ pɹˈɑːfɪts, ænd ðˈʌs ðeɪ bɪkˌeɪm wʌt mˌaɪt biː kˈɔːld ɡˈʌvɚnɪŋ bˈɑːdiz ɪn ˈiːtʃ sˈɛpɹət loʊkˈælᵻɾi.