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Questions and Answers
Who is considered the founder of the first cooperative movement?
Who is considered the founder of the first cooperative movement?
- Heart of England Cooperative Society
- The Rochdale Equity Pioneers Society
- Rochdale Pioneers (correct)
- Lockhurst Lane Industrial Cooperative Society
What was the capital per person for the first modern cooperative business?
What was the capital per person for the first modern cooperative business?
- One pound sterling (correct)
- Rochdale Equity Pioneers Society
- 28 pounds
- Lockhurst Lane Industrial Cooperative Society
Which cooperative society is now known as the Heart of England Cooperative Society?
Which cooperative society is now known as the Heart of England Cooperative Society?
- Heart of England Cooperative Society
- Rochdale Pioneers
- The Rochdale Equity Pioneers Society (correct)
- Lockhurst Lane Industrial Cooperative Society
When was the Rochdale Equity Pioneers Society started?
When was the Rochdale Equity Pioneers Society started?
Who developed a cooperative model and formed the first Credit Unions in Germany in 1862?
Who developed a cooperative model and formed the first Credit Unions in Germany in 1862?
Who is considered the pioneer of cooperative banking in Germany?
Who is considered the pioneer of cooperative banking in Germany?
What was the name of the credit union organized by Friederich Wilhelm Raiffeisen in Germany?
What was the name of the credit union organized by Friederich Wilhelm Raiffeisen in Germany?
Where was the International Cooperative Alliance (ICA) founded?
Where was the International Cooperative Alliance (ICA) founded?
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Study Notes
Cooperative Movement History
- The founder of the first cooperative movement is considered to be Robert Owen.
- The capital per person for the first modern cooperative business was £1.
- The Rochdale Society of Equitable Pioneers, now known as the Heart of England Cooperative Society, was a cooperative society.
Cooperative Banking
- Hermann Schulze-Delitzsch developed a cooperative model and formed the first Credit Unions in Germany in 1862, and is considered the pioneer of cooperative banking in Germany.
- Friederich Wilhelm Raiffeisen organized a credit union in Germany, known as the Heddesdorf Credit Union.
International Cooperative Alliance
- The International Cooperative Alliance (ICA) was founded in London.
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