Cooperation 1840-1870

Question 1

When were the Rochdale Pioneers founded?

Answer 1

1844

Question 2

What were the 10 principles of the Rochdale Pioneers?

Answer 2

1 - profits divided pro rata based on amount purchased 
2 - elected leaders
3-% profit to education 
4 - female members permitted
5- 1 member 1 vote
6- fixed interest
7- good quality commodities
8- full weights and measures
9- market value charged 
10- statements available on request

Question 3

Why did many Coop shops fail?

Answer 3

• industrial economy favoured individualism

- charged high rent by opposition

Question 4

Why did the RP succeed?

Answer 4

• clear management
• democratic - forward thinking and trusted
• financially stable - didn’t allow credit
• committed to quality
• amount bought over amount invested encouraged membership

Question 5

What was abandoned in 1846?

Answer 5

the provision of registering with JPs and providing a constitution for Friendly Societies that were in the 1793 Act, the movement had grown so the ‘Registrar of Friendly Societies’ was set up instead

Question 6

How many Coop stores existed in Britain in the mid 1850s?

Answer 6

1,000

Question 7

When was the 2nd Friendly Societies Act?

Answer 7

1855

Question 8

Why did The 2nd Friendly Societies Act come about?

Answer 8

changing Victorian society, promoted ideas of self help

Question 9

When did Samuel Smiles publish ‘Self-help’?

Answer 9

1859

Question 10

What did the RDP set up in 1860?

Answer 10

‘Cooperative of Cooperative societies’ - wholesale service for new coops

Question 11

How many coops were set up in 1863?

Answer 11

332 - 251 based off of RDP

Question 12

What did the RDP set up in 1868?

Answer 12

overseas trading

Question 13

what was the ratio of FS to TU in 1868?

Answer 13

4:1

Question 14

what were coops worth in the 1870s?

Answer 14

£300,000