Rochdale Pioneers Flashcards
What was set up in 1844?
A co-operative shop in Rochdale
Who were the Rochdale pioneers?
28 pioneers, who helped create the model of co-operative businesses for the future
What issues were co-operative shops facing in 1844?
Competition from normal shops, often charged excessive rent and had difficulty getting supplies as owners of shops wanted to protect themselves
What were the Rochdale Principles?
Made concept more long term- percentage of profits to charity, democratic (helped working relstionships), quality goods with fair weight, refusal to allow credit
What was the impact of the Rochdale Principles?
Built a more professional business that could survive in the long term as benefited everyone
What were the co-operative economics?
Profit divided by a great amount of people, creation of long-term interest, government spending directly benefitted them as would increase profits so costs could reducem
By 1863, how many cooperative shops were in England?
332- 251 of these were inspired by the Rochdale pioneers
What was set up in 1868 due to the Rochdale pioneers, and what was the impact of this?
Co-operative Wholesale society established, meant trading power could be used for overseas trading in South America and Australia which allowed a constant supply to increase growth
How can the Rochdale Pioneers seen to be effective long term in the 1870s?
Amassed property worth £300,000
