Question 5: What Steps Were Taken To Quench The Unpalatable Situation?
Answer:
In August 1844, a group of Rochdale workers after weighing the
situation and knowing that if urgent step is not taken, things may get from bad
to worse for them. Hence, they met to form a co-operative society. The 28
original members saw co-operation as the best way forward to give ordinary
people control over their own business. They therefore resolved that to
succeed, all members must having an equal share in the decision making and
receiving a fair share of the profits by paying part of the investment of the
business of the group, and also participating effectively for the success of
the business. After meeting up with their individual expectation to be part of
the business they named their co-operative ‘The Rochdale Society* of Equitable
Pioneers’
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