Question

The Equitable Labour Exchange aimed to:

• A. Maximize profits for factory owners
• B. Promote fair trade and worker empowerment
• C. Replace the British Pound Sterling
• D. Encourage competition among workers

Answer 1

Answer:

B. Promote fair trade and worker empowerment

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.