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The Equitable Labour Exchange was established in:

A1826

B1832

C1840

D1850

Answer:

B. 1832

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.

Related Questions:

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  1. Provision is made for the development of the Society.
  2. Provision is made for common service.
  3. Surplus is fully distributed to the Govt.
  4. Some of the surplus is distributed among the members on an equitable basis.
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