ACTIVITY 1

1. Recalling from what you have read or watched from the links, how did the cooperative
movement begin? Identify the key players of the cooperative movement in the Philippines
and around the world.

In the 1800s, the cooperative movement started in Europe, especially in Britain and France. The
industrial revolution and the growing use of machines in the economy changed society and put many
workers' jobs at risk. The labor and social movements that were going on at the same time and the
problems they tried to solve show how things were at the time.The Fenwick Weavers' Society was
the first known consumer cooperative. It was started in 1769 in an unfurnished cottage in Fenwick,
East Ayrshire, when local weavers carried a sack of oatmeal into John Walker's whitewashed front
room and started selling it at a discount. Rev. Henry Duncan of the Ruthwell Presbyterian Church in
Dumfriesshire, Scotland, started the first savings bank in 1810. It was called the Friendly Society, and
it was a cooperative depository institution where his poorest parishioners could save money and
earn interest for sickness and old age. Between 1970 and 1985, it was merged into the Trustee
Savings Bank. In the years that followed, cooperatives or cooperative societies like the Lennoxtown
Friendly Victualling Society, which was started in 1812, grew.By the year 1830, there were hundreds
of cooperatives. Some cooperatives that started in the early 1800s did well at first, but by 1840,
most of them had failed. However, Lockhurst Lane Industrial Co-operative Society (founded in 1832
and now called Heart of England Co-operative Society) and Galashiels and Hawick Co-operative
Societies (founded in 1839 or earlier and now part of The Co-operative Group) are still in business
today. The modern cooperative movement didn't start to grow and change until 1844, when the
Rochdale Society of Equitable Pioneers made the "Rochdale Principles." These were the rules by
which they ran their cooperative.

In the United States, cooperative banks are called credit unions. They were first created in Germany
in the middle of the 19th century. Franz Hermann Schulze-Delitzsch (1852) and Friedrich Wilhelm
Raiffeisen came up with the idea (1864, rural). Even though Schulze-Delitzsch came before Raiffeisen
in time, Raiffeisen has become more important over time. For more information, see the history of
credit unions. In Britain, there were similar institutions like the friendly society, the building society,
and the mutual savings bank.

2. From the links provided above, in your idea, why did cooperatives fail, and some were
successful during those times? Please answer in the space provided below.

Cooperatives, like other businesses and organizations, need people to work together toward a
common goal to be successful. When directors or managers aren't interested in a co-op business
strategy or working together, their decisions could hurt the co-ability ops to work. Most of the time,
a co-downfall is caused by a mix of bad board oversight and self - assured executives.