cooperative movement

The banding together of groups of people for mutual assistance in trade, manufacture, the supply of credit, housing, or other services. The original principles of the cooperative movement were laid down in 1844 by the Rochdale Pioneers, under the influence of Robert Owen, and by Charles Fourier in France.

Producers' cooperative societies, formed on a basis of co-partnership among the employees, exist on a large scale in France, Italy, Spain, and the ex-Soviet republics. (In 1988, Soviet economic cooperatives were given legal and financial independence and the right to appear in foreign markets and to set up joint ventures with foreign companies.) Agricultural cooperative societies have been formed in many countries for the collective purchase of seeds, fertilizers, and other commodities, while societies for cooperative marketing of agricultural produce are prominent in the USA, Ireland, Denmark, Eastern Europe, and the ex-Soviet republics. Agricultural credit societies are strong in rural economies of Europe and Asia, including parts of India. The USA also has a cooperative farm credit system.