Question

The currency used in the Equitable Labour Exchange was called:

• A. Labour Notes
• B. Equity Dollars
• C. Cooperative Credits
• D. Owen Tokens

Answer 1

Answer:

A. Labour Notes

Equitable Labour Exchange (1832)

• Equitable Labor Exchange – 1832

• Established: 3 September 1832

• Location: England

• Founder: Robert Owen

Background

• After the failure of New Harmony (USA), Robert Owen returned to England.

• He was not discouraged and continued to pursue his cooperative ideas.

• He started the Equitable Labor Exchange to promote fair trade and worker empowerment.