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The Equitable Labour Exchange aimed to:

AMaximize profits for factory owners

BPromote fair trade and worker empowerment

CReplace the British Pound Sterling

DEncourage competition among workers

Answer:

B. Promote fair trade and worker empowerment

Read Explanation:

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.

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