cooperative movement history

The cooperative movement began in the 19th century as a response to economic hardships and unfair practices by businesses. People formed cooperatives—businesses owned and operated collectively—to meet common needs like buying groceries or farming supplies at fair prices. This approach empowered communities, promoted economic democracy, and shared risks and profits. Over time, cooperatives expanded globally, covering sectors such as credit, agriculture, and housing, fostering social inclusion and financial stability. Today, cooperatives continue to promote sustainable development and community well-being through democratic governance and mutual support.