Question

Explain development of co-operative movement in Great Britain after industrial revolution.

Answer 1

Answer:

The cooperative movement began in Europe in the 19th century, primarily in Britain and France. The Shore Porters Society claims to be one of the world's first cooperatives, being established in Aberdeen in 1498 (although it has since demutualized to become a private partnership).

Most scholars recognize the business of the Rochdale pioneers of England as the first coop. In 1844, this group of 28 men (weavers and skilled workers in other trades) formed a cooperative society. They created business principles to guide their work and established a shop in which to sell their goods.