"one who has charge of the performances in a circus-ring," 1842, from ring (n.1) in the circus sense + master (n.).
Entries linking to ringmaster
ring n.1
[circular band] Old English hring "circlet of metal, especially one of a precious metal for wearing on the finger ornamentally, also a part of a mail coat; anything circular," from Proto-Germanic *hringaz "something curved, circle" (source also of Old Norse hringr, Old Frisian hring, Danish, Swedish, Dutch ring, Old High German hring, German Ring), from nasalized form of PIE root *sker- (2) "to turn, bend."
Other Old English senses were "circular group of persons" (birds, actually), also "horizon." In Old and Middle English also "a bracelet, armlet." As a token of marriage, betrothal, chastity, etc., by c. 1200. The sense of "a number of things arranged in a circle" is by 1580s.
The meaning "place for prize fight and wrestling bouts" (early 14c.) is from the space in a circle of bystanders in the midst of which such contests once were held, "... a circle formed for boxers, wrestlers, and cudgel players, by a man styled Vinegar; who, with his hat before his eyes, goes round the circle, striking at random with his whip to prevent the populace from crowding in" [Grose, 1785]. Hence the ring "boxing" (by 1770). The meaning "combination of persons interested in attaining some object" is from 1829, originally commercial or political, latter in reference to espionage or terrorism. Of the annual growth bands in trees, from 1670s.
Fairy ring is from 1620s. Ring finger, "third finger of the left hand" (in anatomy, of either hand) is Old English hringfingr, a compound also attested in other Germanic languages; it is also called ring-man (15c.). To run rings round (someone) "be superior to" is from 1891.
The nursery rhyme ring a ring a rosie is attested in an American form (with a different ending) from c. 1790. "The belief that the rhyme originated with the Great Plague is now almost universal, but has no evidence to support it and is almost certainly nonsense" ["Oxford Dictionary of English Folklore"]. This proposal of connection dates only to the late 1960s.
master n.
late Old English mægester "a man having control or authority over a place; a teacher or tutor of children," from Latin magister (n.) "chief, head, director, teacher" (source of Old French maistre, French maître, Spanish and Italian maestro, Portuguese mestre, Dutch meester, German Meister), contrastive adjective ("he who is greater") from magis (adv.) "more," from PIE *mag-yos-, comparative of root *meg- "great." The form was influenced in Middle English by Old French cognate maistre.
From late 12c. as "man eminently or perfectly skilled in something," also "one who is chief teacher of another (in religion, philosophy, etc.), religious instructor, spiritual guide." Sense of "master workman or craftsman, workman who is qualified to teach apprentices and carry on a trade on his own account" is from c. 1300. The meaning "one charged with the care, direction, oversight, and control of some office, business, etc." is from mid-13c.; specifically as "official custodian of certain animals kept for sport" early 15c. (maister of þe herte houndes; the phrase master of the hounds is attested by 1708). As a title of the head or presiding officer of an institution, late 14c.; as "captain of a merchant vessel" early 14c.
In the broadest sense, "one who has power to control, use, or dispose (of something or some quality) at will," from mid-14c. Also from mid-14c. as "one who employs another or others in his service" (in which sense the correlative word was servant, man, or apprentice); also "owner of a living creature" (a dog, a horse, also, in ancient contexts a slave); paired with slave in the legal language of the American colonies by 1705 in Virginia.
In academic sense "one who has received a specific degree" (translating Medieval Latin magister) it is attested from mid-13c., originally "one who has received a degree conveying authority to teach in the universities;" master's degree, originally a degree giving one authority to teach in a university, is from late 14c.
Also used in Middle English of dominant women. From 1530s as "male head of a household." As a title or term of respect or rank, mid-14c. As a title prefixed to the name of a young gentleman or boy of the better not old enough to be called Mr., short for young master (late 16c.). Sense of "chess player of the highest at national or international level" is by 1894. Meaning "original of a recording" is by 1904.
As an adjective from late 12c. Master-key, one that will open ("master") a number of locks so differently constructed that the key proper to each will open none of the others" is from 1570s. Master race "race of people considered to be pre-eminent in greatness or power" (typical in reference to Nazi theories of the Aryan race, perhaps based on German Herrenvolk) is by 1935. From 1530 as "artist of distinguished skill;" old masters is attested by 1733.
Master bedroom, "bedroom designed for the use of the owner of the property," as opposed to bedrooms for children or guests, is by 1919 in U.S. home-builders publications (e.g. Building Age, April 1919). It seems to be based on the English master's bedroom (by 1903) "bedroom of a headmaster or other master at an English boarding school or other similar institution."
The top floor was treated much the same as the two lower ones. Here the closet was made just a bit larger so as to allow for a bathtub, thus pushing the partition forward, making the front room less deep than the rooms below, yet paradoxically larger, because it takes in the whole front of the house. This is what is known in English advertisements as the "Master's bedroom." [The House Beautiful, June 1921]