| Cooperative Movement and Socialism Outline |
| www.studenthandouts.com > World History > Industrial Revolution > Industrial Revolution Outlines & PPTs |
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Click here to print this outline (.pdf file). It prints as four sheets, or as two double-sided sheets. I. Cooperatives a. First cooperative—1844 in Rochdale, England i. Formed to fight high food costs ii. 30 English weavers opened a grocery store with $140 iii. Bought goods at wholesale iv. Members of cooperative bought goods at cost v. Non-members paid "retail" vi. Profits split among members vii. By 1857—over 1000 members and £100,000 in annual profits b. Growth of cooperatives i. Spread to other industries—banking, building, insurance, printing, etc. ii. By 1900—20% of Great Britain's population had joined a cooperative iii. Concept spread internationally II. Socialism a. Socialists—viewed the capitalist system as inherently wrong i. Belief that capitalism is designed to create poverty and poor working conditions because of its end goal of earning maximum profits for investors b. Socialism—government owns the means of production i. Belief that if the government ("the people") owns the means of production, these factories and industries will function in the public (as opposed to private) interest III. Early socialist movement a. First socialists were Utopians i. Strove to create a fair and just system ii. Community divided tasks and rewards equitably b. Robert Owen c. Charles Fourier d. Claude Saint-Simon e. Louis Blanc etc. |
| www.studenthandouts.com > World History > Industrial Revolution > Industrial Revolution Outlines & PPTs |
