Challenger App

No.1 PSC Learning App

1M+ Downloads
The impact of Owen’s New Harmony experiment included:

AInspiring the future cooperative movement

BCreating wealthy industrial tycoons

CEstablishing dictatorship

DNone of the above

Answer:

A. Inspiring the future cooperative movement

Read Explanation:

ROBERT OWEN

Labor Colonies / Co-operative Colonies

  • Introduced the idea of “Associationism” – communities based on cooperation and mutual benefit.

  • Called these "Village Communities"

  • Famous example: New Harmony (USA, 1826)

  • Though New Harmony failed, it inspired the future cooperative movement

New Harmony

  • New Harmony – The First Co-operative Colony (1826)

  • Location: Indiana, USA

  • Founder: Robert Owen

  • In 1826, Robert Owen established a co-operative village called New Harmony in the United States.

  • It was based on his belief in self-help through mutual help

Objectives of New Harmony

  • To create a self-sufficient community where members produced and shared resources collectively.

  • To eliminate middlemen and unnecessary profits.

  • To abolish private profit, which Owen believed was the root of all social problems.

  • To provide goods on credit at lower prices than the market.

  • To build a new moral world based on equality, cooperation, and education.

Impact

  • Though the colony eventually failed, it was a bold social experiment.

  • It inspired future co-operative movements across the world.

  • “These co-operative colonies sowed the seeds of cooperation, which later on sprouted and became a great movement.”


Related Questions:

Besides banks, the other formal major source of cheap credit in rural areas, are..............
Which failed but influential co-operative community was called a “bold social experiment” and “sowed the seeds of cooperation”?

Which Statement is correct in case of a tribunal?

  1. The Government shall constitute a single member Tribunal to exercise the powers and discharge the functions conferred on the Tribunal under this Act.
  2. He has been holding the post of a District Judge in the State.
  3. He has been holding the post of a Registrar of Co-operative Society.
  4. He has been holding the post of a Director of Co-operative Society.
    Flannel Weavers organized co-operative movement in …….
    What medium did Dr. William King use to spread practical guidance for forming co-ops in the 1820s?