history of cooperatives

Cooperatives began in the early 19th century as a response to the challenges of industrialization. The Rochdale Society of Equitable Pioneers, formed in 1844 in England, is often considered the first modern cooperative. They created a store that allowed members to share profits and decision-making. This model spread globally, with cooperatives emerging in agriculture, credit, and services, emphasizing democratic ownership and community benefit. Over time, cooperatives have adapted, fostering social and economic empowerment while addressing local needs. Today, they play a vital role in promoting sustainability and equity within various sectors worldwide.