Cooperative societies have their origins in the early 19th century, when a group of textile workers in Rockdale, England, formed the first cooperative store in 1844. This store was designed to provide affordable and quality goods to its members, who also had a say in the management and profits of the store.
From there, the idea of cooperatives spread rapidly throughout Europe and north America. Cooperatives were seen as a way for workers to improve their economic conditions, especially in the face of exploitative practices by employers. Cooperatives also provided a way for farmers to pool their resources and market their products more effectively.
In the 20th century, cooperatives became increasingly common in developing countries, where they were seen as a way to empower marginalized communities and promote economic development. Cooperatives have been used to provide access to credit, healthcare, education, and other basic services to people who might otherwise be excluded from the formal economy. Visit Now :-