Rochdale Pioneers Flashcards
How many men formed the Pioneers?
28 men
What did they do?
Formalised the model of cooperative business and created the template for future cooperations
How did they safeguard their business?
Applying clear rules which reflected progressive intent
What were the rules?
- One member one vote
- Women allowed to join
- Market value prices charged
- Profits divided upon the number of purchases made by each member
- Percentage given to education
How were the Pioneers different?
Built a firm business structure that offered a clear pathway for ongoing development
What did they do that was absent in earlier efforts?
Focuses on management and profit sharing through commitment
How did they gather a loyal following
By guaranteeing goods
What was their impact?
By 1863 there was an estimated 322 cooperative shops, and 251 were created through learning about the Rochdale Pioneers
What was set up in 1863?
The Cooperative Wholesale society
What was the impact of the Cooperative Wholesale Society?
By 1868 could establish overseas trading depots
What did the Rochdale pioneers have to do with the Cooperative Wholesale Society?
In 1856 they were asked to provide a wholesale service to supply societies across the region
When were the Rochdale Pioneers established?
1844
When were the Rochdale Pioneers asked to supply societies with a wholesale service?
1856
When was the Cooperative Wholesale Society established?
1863
