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Robert Owen is often known as the:

AFather of the American Revolution

BFather of the Co-operative Movement

CFather of the Industrial Revolution

DFounder of Capitalism

Answer:

B. Father of the Co-operative Movement

Read Explanation:

ROBERT OWEN

Titles and Recognition

Known as the:

  • Father of the Co-operative Movement

  • Father of English Socialism

  • Father of Modern Socialism

  • Father of Labor Welfare Organization

  • First Personnel Manager in the World

  • A Utopian Socialist

Beliefs and Contributions

Doctrine of Circumstances

  • Owen believed that a person's character is shaped by their environment.

  • He thought humans are naturally good and can be improved through better living and working conditions.

  • According to Owen, “by birth men were neither “too good nor too bad", it was the circumstances that makes a man good or bad.

Reforms at New Lanark Mill

  • Stopped child labor

  • Reduced working hours (17hrs to 8hrs)

  • Increased wages

  • Opened schools and hospitals within the factory

  • Started the first infant school in England in 1816 at New Lanark

Belief in Co-operation

  • He believed that "competition must be replaced by cooperation."

  • First used the term “Co-operative Society” in 1821 in The Economist magazine.


Related Questions:

A liquidator is appointed by
IFFCO is

Identify the accurate statements about National Co-operative Union of India :

  1. National Co-operative Union is an apex organization representing Co-operative societies in India.

  2. National Co-operative Union plays a significant role in promoting Co-operative education and training

  3. The training programs conducted by National Co-operative Union are exclusively for the State of Kerala.

  4. National Co-operative Union collaborates with international Co-operative organizations for knowledge exchange.

Which of the following statements is true about credit creation by banks?

Consider the following statements on voting rights as per Cooperative Societies Act, 1912. Which of the below statements are correct?

  1. In limited liability societies, voting right is decided by the bylaw of the society
  2. In societies with unlimited liability, voting right is limited to one vote per member.
  3. The proxy appointed by a registered society, for voting in the affairs of another society, should be its member.