157-517: The Australasian Book Society was a cooperative publishing society in Australia , between 1952 and 1981. Founded in Melbourne by activist George Seelaf, the society was funded by member subscriptions, and each member would receive four books annually. The society was founded through the initiative of author Frank Hardy following the success of his book Power Without Glory . According to
314-465: A not-for-profit cooperative (non-share capital co-op), and they underwrite their housing through paying subscriptions or rent. Housing cooperatives come in three basic equity structures Members of a building cooperative (in Britain known as a self-build housing cooperative) pool resources to build housing, normally using a high proportion of their own labor. When the building is finished, each member
471-455: A collective framework. They open up new horizons for people who have ambition but who lack the skills or confidence needed to set off entirely on their own – or who simply want to carry on an independent economic activity but within a supportive group context. A "purchasing cooperative" is a type of cooperative arrangement, often among businesses, to agree to aggregate demand to get lower prices from selected suppliers. Retailers' cooperatives are
628-471: A contest of ideologies between the two nations. It was not only Britain's position on the world stage that was at risk: Napoleon threatened to invade Britain itself, just as his armies had overrun many countries of continental Europe . The Napoleonic Wars were therefore ones in which Britain invested large amounts of capital and resources to win. French ports were blockaded by the Royal Navy , which won
785-629: A decisive victory over a French Imperial Navy - Spanish Navy fleet at the Battle of Trafalgar in 1805. Overseas colonies were attacked and occupied, including those of the Netherlands, which was annexed by Napoleon in 1810. France was finally defeated by a coalition of European armies in 1815. Britain was again the beneficiary of peace treaties: France ceded the Ionian Islands , Malta (which it had occupied in 1798), Mauritius , St Lucia ,
942-719: A dependency of the New South Wales colony. From 16 June 1840 New South Wales laws applied in New Zealand. This transitional arrangement ended with the Charter for Erecting the Colony of New Zealand on 16 November 1840. The Charter stated that New Zealand would be established as a separate Crown colony on 3 May 1841 with Hobson as its governor. During the 19th century, Britain and the Russian Empire vied to fill
1099-426: A form of purchasing cooperative. Major purchasing cooperatives include Best Western , ACE Hardware and CCA Global Partners . Agricultural service cooperatives provide various services to their individual farming members, and to agricultural production cooperatives , where production resources such as land or machinery are pooled and members farm jointly. British Empire The British Empire comprised
1256-623: A form that attempted to be more inclusive by showcasing the empire as a family of newly birthed nations with common roots. The last decades of the 19th century saw concerted political campaigns for Irish home rule . Ireland had been united with Britain into the United Kingdom of Great Britain and Ireland with the Act of Union 1800 after the Irish Rebellion of 1798 , and had suffered a severe famine between 1845 and 1852. Home rule
1413-548: A fundamental challenge to the hegemony of global neoliberal capitalism . Many cooperatives follow the seven Rochdale Principles : Since 2002, ICA cooperatives and WOCCU credit unions could be distinguished by use of a .coop domain. In 2014, ICA introduced the Global Cooperative Marque for use by ICAs Cooperative members and by WOCCU's Credit Union members so they can be further identified by their coop ethical consumerism label. The marque
1570-588: A jointly owned and democratically-controlled enterprise ". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. They differ from collectives in that they are generally built from the bottom-up, rather than the top-down. Cooperatives may include: The Research published by the Worldwatch Institute found that in 2012 approximately one billion people in 96 countries had become members of at least one cooperative. The turnover of
1727-543: A member's investment into the cooperative. In the United States, many cooperatives were formed to provide rural electrical and telephone service as part of the New Deal . See Rural Utilities Service . In the case of electricity, cooperatives are generally either generation and transmission (G&T) co-ops that create and send power via the transmission grid or local distribution co-ops that gather electricity from
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#17327808902211884-588: A minor settlement, and other treaty ports including Shanghai . During the late 18th and early 19th centuries, the British Crown began to assume an increasingly large role in the affairs of the company. A series of Acts of Parliament were passed, including the Regulating Act of 1773 , Pitt's India Act of 1784 and the Charter Act of 1813 which regulated the company's affairs and established
2041-617: A newspaper, The Cooperator , to promote Owen's thinking, having already set up a cooperative store in Brighton. Also in 1810, Rev. Henry Duncan of the Ruthwell Presbyterian Church in Dumfriesshire, Scotland founded a friendly society to create a cooperative depository institution at which his poorest parishioners could hold savings accounts accruing interest for sickness and old-age , which
2198-558: A perceived violation of the guaranteed Rights of Englishmen . The American Revolution began with a rejection of Parliamentary authority and moves towards self-government. In response, Britain sent troops to reimpose direct rule, leading to the outbreak of war in 1775. The following year, in 1776, the Second Continental Congress issued the Declaration of Independence proclaiming the colonies' sovereignty from
2355-512: A public place every year. Despite the short duration of its existence, until 1851, it thus formed the basis of the cooperative movement in Slovakia. Slovak national thinker Ľudovít Štúr said about the association: " We would very much like such excellent constitutions to be established throughout our region. They would help to rescue people from evil and misery. A beautiful, great idea, a beautiful excellent constitution! " Other events such as
2512-575: A range of social characteristics. Membership is open, meaning that anyone who satisfies certain non-discriminatory conditions may join. Economic benefits are distributed proportionally to each member's level of participation in the cooperative, for instance, by a dividend on sales or purchases, rather than according to capital invested. Cooperatives may be classified as either worker , consumer , producer , purchasing or housing cooperatives. They are distinguished from other forms of incorporation in that profit-making or economic stability are balanced by
2669-472: A rapid escalation in the number of slaves transported. British ships carried a third of all slaves shipped across the Atlantic—approximately 3.5 million Africans —until the abolition of the trade by Parliament in 1807 (see § Abolition of slavery ). To facilitate the shipment of slaves, forts were established on the coast of West Africa, such as James Island , Accra and Bunce Island . In
2826-470: A secure income. The innovation BECs introduce is that once the businesses are established, the entrepreneurs are not forced to leave and set up independently, but can stay and become full members of the cooperative. The micro-enterprises then combine to form one multi-activity enterprise whose members provide a mutually supportive environment for each other. BECs thus provide budding business people with an easy transition from inactivity to self-employment, but in
2983-481: A security threat to Great Britain or mark the beginning of the break-up of the empire. A second Home Rule bill was defeated for similar reasons. A third bill was passed by Parliament in 1914, but not implemented because of the outbreak of the First World War leading to the 1916 Easter Rising . By the turn of the 20th century, fears had begun to grow in Britain that it would no longer be able to defend
3140-848: A series of Anglo-Mysore wars in Southern India with the Sultanate of Mysore under Hyder Ali and then Tipu Sultan . Defeats in the First Anglo-Mysore war and stalemate in the Second were followed by victories in the Third and the Fourth . Following Tipu Sultan's death in the fourth war in the Siege of Seringapatam (1799) , the kingdom became a protectorate of the company. The East India Company fought three Anglo-Maratha Wars with
3297-922: A significant market share in Europe and Latin America, as well as a few countries in Sub-Saharan Africa. They also have a strong presence in Asia, Australia, and the United States. According to the World Council of Credit Unions (WOCCU), there were 68,882 financial cooperatives in 109 countries in 2016, serving more than 235 million members, with total assets exceeding 1.7 trillion dollars. The WOCCU's data do not include some major financial cooperative networks in Europe, such as Germany, Finland, France, Denmark, and Italy. In many high-income economies, financial cooperatives hold significant market shares of
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#17327808902213454-430: A thousand cooperative societies in the United Kingdom. "Spolok Gazdovský" ( The Association of Administrators or The Association of Farmers ) founded in 1845 by Samuel Jurkovič, was the first cooperative in Europe ( Credit union ). The cooperative provided a cheap loan from funds generated by regular savings for members of the cooperative. Members of cooperative had to commit to a moral life and had to plant two trees in
3611-555: A trust that owns the company. The impact of political ideology on practice constrains the development of cooperatives in different countries. In India, there is a form of workers' cooperative which insists on compulsory membership for all employees and compulsory employment for all members. That is the form of the Indian Coffee Houses . This system was advocated by the Indian communist leader A. K. Gopalan . In places like
3768-446: A variety of sources and send it along to homes and businesses. In Tanzania, it has been proven that the cooperative method is helpful in water distribution. When the people are involved with their own water, they care more because the quality of their work has a direct effect on the quality of their water. Credit unions are cooperative financial institutions owned and controlled by their members. Credit unions provide to its members
3925-675: A way station for its ships travelling to and from its colonies in the East Indies . Britain formally acquired the colony, and its large Afrikaner (or Boer ) population in 1806, having occupied it in 1795 to prevent its falling into French hands during the Flanders Campaign . British immigration to the Cape Colony began to rise after 1820, and pushed thousands of Boers , resentful of British rule, northwards to found their own—mostly short-lived— independent republics , during
4082-481: Is released in stages as the building is completed. The term may also refer to worker cooperatives in the building trade. A utility cooperative is a type of consumers' cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications services to its members. Profits are either reinvested into infrastructure or distributed to members in the form of "patronage" or "capital credits", which are essentially dividends paid on
4239-561: Is seen by some historians as the event defining the transition between the first and second empires, in which Britain shifted its attention away from the Americas to Asia, the Pacific and later Africa. Adam Smith 's Wealth of Nations , published in 1776, had argued that colonies were redundant, and that free trade should replace the old mercantilist policies that had characterised the first period of colonial expansion, dating back to
4396-410: Is the sole owner of a homestead, and the cooperative may be dissolved. This collective effort was at the origin of many of Britain's building societies , which however, developed into "permanent" mutual savings and loan organisations, a term which persisted in some of their names (such as the former Leeds Permanent ). Nowadays such self-building may be financed using a step-by-step mortgage which
4553-421: Is used today by thousands of cooperatives in more than a hundred countries. The .coop domain and Co-operative Marque were designed as a new symbol of the global cooperative movement and its collective identity in the digital age. The Co-operative Marque and domain is reserved just for co-operatives, credit unions and organisations that support co-operatives; is distinguished by its ethical badge that subscribes to
4710-725: The Acts of Union 1707 . The 18th century saw the newly united Great Britain rise to be the world's dominant colonial power, with France becoming its main rival on the imperial stage. Great Britain, Portugal, the Netherlands, and the Holy Roman Empire continued the War of the Spanish Succession, which lasted until 1714 and was concluded by the Treaty of Utrecht . Philip V of Spain renounced his and his descendants' claim to
4867-671: The American War of Independence towards the end of the 18th century, has been referred to by some historians as the "First British Empire". England's early efforts at colonisation in the Americas met with mixed success. An attempt to establish a colony in Guiana in 1604 lasted only two years and failed in its main objective to find gold deposits. Colonies on the Caribbean islands of St Lucia (1605) and Grenada (1609) rapidly folded. The first permanent English settlement in
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5024-858: The Americas and Asia . A series of wars in the 17th and 18th centuries with the Netherlands and France left Britain the dominant colonial power in North America . Britain became a major power in the Indian subcontinent after the East India Company 's conquest of Mughal Bengal at the Battle of Plassey in 1757. The American War of Independence resulted in Britain losing some of its oldest and most populous colonies in North America by 1783. While retaining control of British North America (now Canada ) and territories in and near
5181-707: The British economy . Added to this was the cost of suppressing regular slave rebellions . With support from the British abolitionist movement, Parliament enacted the Slave Trade Act in 1807, which abolished the slave trade in the empire. In 1808, Sierra Leone Colony was designated an official British colony for freed slaves. Parliamentary reform in 1832 saw the influence of the West India Committee decline. The Slavery Abolition Act , passed
5338-860: The Caribbean in the British West Indies , British colonial expansion turned towards Asia, Africa , and the Pacific . After the defeat of France in the Napoleonic Wars (1803–1815), Britain emerged as the principal naval and imperial power of the 19th century and expanded its imperial holdings. It pursued trade concessions in China and Japan, and territory in Southeast Asia . The " Great Game " and " Scramble for Africa " also ensued. The period of relative peace (1815–1914) during which
5495-809: The First Anglo-Afghan War was a disaster for Britain. When Russia invaded the Ottoman Balkans in 1853, fears of Russian dominance in the Mediterranean and the Middle East led Britain and France to enter the war in support of the Ottoman Empire and invade the Crimean Peninsula to destroy Russian naval capabilities. The ensuing Crimean War (1854–1856), which involved new techniques of modern warfare ,
5652-736: The Gaeltacht in Ireland and the Highlands and Islands of Scotland. A worker cooperative or producer cooperative is a cooperative owned and democratically controlled by its "worker-owners". In a pure worker cooperative, only the workers own shares of the business on a one person, one vote basis, though hybrid forms exist in which consumers, community members or investors also own some shares (though these shares may or may not have voting power). In practice, control by worker-owners may be exercised through individual, collective or majority ownership by
5809-683: The Government of India Act 1858 , establishing the British Raj , where an appointed governor-general administered India and Queen Victoria was crowned the Empress of India . India became the empire's most valuable possession, "the Jewel in the Crown", and was the most important source of Britain's strength. A series of serious crop failures in the late 19th century led to widespread famines on
5966-874: The Great Trek of the late 1830s and early 1840s. In the process the Voortrekkers clashed repeatedly with the British, who had their own agenda with regard to colonial expansion in South Africa and to the various native African polities, including those of the Sotho people and the Zulu Kingdom . Eventually, the Boers established two republics that had a longer lifespan: the South African Republic or Transvaal Republic (1852–1877; 1881–1902) and
6123-658: The Khedivate of Egypt into the 20th century, it was officially a vassal state of the Ottoman Empire and not part of the British Empire. The French were still majority shareholders and attempted to weaken the British position, but a compromise was reached with the 1888 Convention of Constantinople , which made the Canal officially neutral territory. With competitive French, Belgian and Portuguese activity in
6280-594: The Mahdist Army in 1896 and rebuffed an attempted French invasion at Fashoda in 1898. Sudan was nominally made an Anglo-Egyptian condominium , but a British colony in reality. British gains in Southern and East Africa prompted Cecil Rhodes , pioneer of British expansion in Southern Africa , to urge a " Cape to Cairo " railway linking the strategically important Suez Canal to the mineral-rich south of
6437-447: The Maratha Confederacy . The First Anglo-Maratha War ended in 1782 with a restoration of the pre-war status quo . The Second and Third Anglo-Maratha wars resulted in British victories. After the surrender of Peshwa Bajirao II on 1818, the East India Company acquired control of a large majority of the Indian subcontinent. Britain was challenged again by France under Napoleon, in a struggle that, unlike previous wars, represented
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6594-542: The Middle East . Increasing degrees of autonomy were granted to its white settler colonies , some of which were formally reclassified as Dominions by the 1920s. By the start of the 20th century, Germany and the United States had begun to challenge Britain's economic lead. Military, economic and colonial tensions between Britain and Germany were major causes of the First World War , during which Britain relied heavily on its empire. The conflict placed enormous strain on its military, financial, and manpower resources. Although
6751-460: The New Lanark mill from Owen's father-in-law, David Dale , and proceeded to introduce better labour standards, including discounted retail shops where profits were passed on to his employees. Owen left New Lanark to pursue other forms of cooperative organization and develop coop ideas through writing and lecture. Cooperative communities were set up in Glasgow , Indiana and Hampshire , although ultimately unsuccessful. In 1828, William King set up
6908-409: The Orange Free State (1854–1902). In 1902 Britain occupied both republics, concluding a treaty with the two Boer Republics following the Second Boer War (1899–1902). In 1869 the Suez Canal opened under Napoleon III , linking the Mediterranean Sea with the Indian Ocean . Initially the Canal was opposed by the British; but once opened, its strategic value was quickly recognised and became
7065-411: The Royal African Company was granted a monopoly on the supply of slaves to the British colonies in the Caribbean. The company would transport more slaves across the Atlantic than any other, and significantly grew England's share of the trade, from 33 per cent in 1673 to 74 per cent in 1683. The removal of this monopoly between 1688 and 1712 allowed independent British slave traders to thrive, leading to
7222-500: The Saint John and Saint Croix river valleys, then part of Nova Scotia , felt too far removed from the provincial government in Halifax , so London split off New Brunswick as a separate colony in 1784. The Constitutional Act of 1791 created the provinces of Upper Canada (mainly English speaking ) and Lower Canada (mainly French-speaking ) to defuse tensions between the French and British communities, and implemented governmental systems similar to those employed in Britain, with
7379-443: The Seychelles , and Tobago ; Spain ceded Trinidad ; the Netherlands ceded Guiana , Ceylon and the Cape Colony , while the Danish ceded Heligoland . Britain returned Guadeloupe , Martinique , French Guiana , and Réunion to France; Menorca to Spain; Danish West Indies to Denmark and Java and Suriname to the Netherlands. With the advent of the Industrial Revolution , goods produced by slavery became less important to
7536-441: The Treaty of Paris of 1763 had important consequences for the future of the British Empire. In North America, France's future as a colonial power effectively ended with the recognition of British claims to Rupert's Land, and the ceding of New France to Britain (leaving a sizeable French-speaking population under British control) and Louisiana to Spain. Spain ceded Florida to Britain. Along with its victory over France in India,
7693-482: The University of Queensland 's Fryer Library , the Australasian Book Society was known to have had strong links with both communist and trade union activists. Some sources claim that the society was founded by the Communist Party of Australia . Cooperative A cooperative (also known as co-operative , co-op , or coop ) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through
7850-417: The Victorian gold rush , making its capital Melbourne for a time the richest city in the world. The British also expanded their mercantile interests in the North Pacific. Spain and Britain had become rivals in the area, culminating in the Nootka Crisis in 1789. Both sides mobilised for war, but when France refused to support Spain it was forced to back down, leading to the Nootka Convention . The outcome
8007-454: The War of 1812 , and invaded Canadian territory. In response, Britain invaded the US, but the pre-war boundaries were reaffirmed by the 1814 Treaty of Ghent , ensuring Canada's future would be separate from that of the United States. Since 1718, transportation to the American colonies had been a penalty for various offences in Britain, with approximately one thousand convicts transported per year. Forced to find an alternative location after
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#17327808902218164-399: The dominions , colonies , protectorates , mandates , and other territories ruled or administered by the United Kingdom and its predecessor states. It began with the overseas possessions and trading posts established by England in the late 16th and early 17th centuries. At its height in the 19th and early 20th centuries, it was the largest empire in history and, for a century, was
8321-545: The metropole and the entirety of the empire while at the same time maintaining the policy of "splendid isolation". Germany was rapidly rising as a military and industrial power and was now seen as the most likely opponent in any future war. Recognising that it was overstretched in the Pacific and threatened at home by the Imperial German Navy , Britain formed an alliance with Japan in 1902 and with its old enemies France and Russia in 1904 and 1907, respectively. Britain's fears of war with Germany were realised in 1914 with
8478-413: The privateers John Hawkins and Francis Drake to engage in slave-raiding attacks against Spanish and Portuguese ships off the coast of West Africa with the aim of establishing an Atlantic slave trade . This effort was rebuffed and later, as the Anglo-Spanish Wars intensified, Elizabeth I gave her blessing to further privateering raids against Spanish ports in the Americas and shipping that
8635-440: The protectionism of Spain and Portugal. The growth of trade between the newly independent United States and Britain after 1783 seemed to confirm Smith's view that political control was not necessary for economic success. The war to the south influenced British policy in Canada, where between 40,000 and 100,000 defeated Loyalists had migrated from the new United States following independence. The 14,000 Loyalists who went to
8792-399: The spice trade of the East Indies archipelago to the Netherlands and the textiles industry of India to England, but textiles soon overtook spices in terms of profitability. Peace between England and the Netherlands in 1688 meant the two countries entered the Nine Years' War as allies, but the conflict—waged in Europe and overseas between France, Spain and the Anglo-Dutch alliance—left
8949-475: The "Sugar Revolution" transformed the Caribbean economy in the mid-17th century. Large sugarcane plantations were first established in the 1640s on Barbados, with assistance from Dutch merchants and Sephardic Jews fleeing Portuguese Brazil . At first, sugar was grown primarily using white indentured labour , but rising costs soon led English traders to embrace the use of imported African slaves. The enormous wealth generated by slave-produced sugar made Barbados
9106-480: The "jugular vein of the Empire". In 1875, the Conservative government of Benjamin Disraeli bought the indebted Egyptian ruler Isma'il Pasha 's 44 per cent shareholding in the Suez Canal for £4 million (equivalent to £480 million in 2023). Although this did not grant outright control of the strategic waterway, it did give Britain leverage. Joint Anglo-French financial control over Egypt ended in outright British occupation in 1882. Although Britain controlled
9263-439: The 'Urgenossen'. A community cooperative is owned and governed by members of a local geographical community. It is established to meet the community's needs by providing goods or services that are not available or affordable through traditional market channels. This is distinct from meeting individuals' needs as individuals. The aim of a community cooperative is often to create a more equitable and sustainable economy that serves
9420-428: The 1730s. This trade, illegal since it was outlawed by China in 1729, helped reverse the trade imbalances resulting from the British imports of tea, which saw large outflows of silver from Britain to China. In 1839, the confiscation by the Chinese authorities at Canton of 20,000 chests of opium led Britain to attack China in the First Opium War , and resulted in the seizure by Britain of Hong Kong Island , at that time
9577-531: The Americas the following year but did not return; it is unknown what happened to his ships. No further attempts to establish English colonies in the Americas were made until well into the reign of Queen Elizabeth I , during the last decades of the 16th century. In the meantime, Henry VIII 's 1533 Statute in Restraint of Appeals had declared "that this realm of England is an Empire". The Protestant Reformation turned England and Catholic Spain into implacable enemies. In 1562, Elizabeth I encouraged
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#17327808902219734-414: The Americas was founded in 1607 in Jamestown by Captain John Smith , and managed by the Virginia Company ; the Crown took direct control of the venture in 1624, thereby founding the Colony of Virginia . Bermuda was settled and claimed by England as a result of the 1609 shipwreck of the Virginia Company's flagship , while attempts to settle Newfoundland were largely unsuccessful. In 1620, Plymouth
9891-406: The Anglosphere branch of the cooperative movement, however, was a rejection of the charity principles that underpinned welfare reforms when the British government radically revised its Poor Laws in 1834. As both state and church institutions began to routinely distinguish between the 'deserving' and 'undeserving' poor, a movement of friendly societies grew throughout the British Empire based on
10048-479: The British Caribbean, the percentage of the population of African descent rose from 25 per cent in 1650 to around 80 per cent in 1780, and in the Thirteen Colonies from 10 per cent to 40 per cent over the same period (the majority in the southern colonies). The transatlantic slave trade played a pervasive role in British economic life, and became a major economic mainstay for western port cities. Ships registered in Bristol , Liverpool and London were responsible for
10205-443: The British Empire as the new United States of America . The entry of French and Spanish forces into the war tipped the military balance in the Americans' favour and after a decisive defeat at Yorktown in 1781, Britain began negotiating peace terms. American independence was acknowledged at the Peace of Paris in 1783. The loss of such a large portion of British America , at the time Britain's most populous overseas possession,
10362-416: The British Empire became the global hegemon was later described as Pax Britannica (Latin for "British Peace"). Alongside the formal control that Britain exerted over its colonies, its dominance of much of world trade, and of its oceans, meant that it effectively controlled the economies of, and readily enforced its interests in, many regions , such as Asia and Latin America . It also came to dominate
10519-425: The British defeated the Nawab of Bengal and his French allies, left the British East India Company in control of Bengal and as a major military and political power in India. France was left control of its enclaves but with military restrictions and an obligation to support British client states , ending French hopes of controlling India. In the following decades the British East India Company gradually increased
10676-452: The English a stronger colonial power than the Dutch, who were forced to devote a larger proportion of their military budget to the costly land war in Europe. The death of Charles II of Spain in 1700 and his bequeathal of Spain and its colonial empire to Philip V of Spain , a grandson of the King of France , raised the prospect of the unification of France, Spain and their respective colonies, an unacceptable state of affairs for England and
10833-462: The French throne, and Spain lost its empire in Europe. The British Empire was territorially enlarged: from France, Britain gained Newfoundland and Acadia , and from Spain, Gibraltar and Menorca . Gibraltar became a critical naval base and allowed Britain to control the Atlantic entry and exit point to the Mediterranean . Spain ceded the rights to the lucrative asiento (permission to sell African slaves in Spanish America ) to Britain. With
10990-411: The International Raiffeisen Union. In the United States, the National Cooperative Business Association (NCBA CLUSA; the abbreviation of the organization retains the initials of its former name, Cooperative League of the USA) serves as the sector 's oldest national membership association. It is dedicated to ensuring that cooperative businesses have the same opportunities as other businesses operating in
11147-434: The John Lewis Partnership, where profits are distributed to the workers, but at the discretion of a senior elected board. Business and employment cooperatives (BECs) are a subset of worker cooperatives that represent a new approach to providing support to the creation of new businesses. Like other business creation support schemes, BEC's enable budding entrepreneurs to experiment with their business idea while benefiting from
11304-559: The Māori population. The UK government finally decided to act, dispatching Captain William Hobson with instructions to take formal possession after obtaining native consent. There was no central Māori authority able to represent all New Zealand so, on 6 February 1840, Hobson and many Māori chiefs signed the Treaty of Waitangi in the Bay of Islands; most other chiefs signing in stages over
11461-665: The Netherlands as a colonial power, in the short term the Netherlands' more advanced financial system and the three Anglo-Dutch Wars of the 17th century left it with a stronger position in Asia. Hostilities ceased after the Glorious Revolution of 1688 when the Dutch William of Orange ascended the English throne, bringing peace between the Dutch Republic and England. A deal between the two nations left
11618-583: The Netherlands, Rabobank holds 34% of deposits, and in France cooperative banks (Crédit Agricole, Crédit Mutuel and BPCE Group) possess more than 59% of domestic credit and 61% of domestic deposits. In Finland, OP financial group holds 35% and 38% of domestic credit and deposits, respectively, and in Canada, Desjardins holds around 42% of domestic deposits and 22% of domestic credit. There are many types of cooperative financial institutions with different names across
11775-468: The Pacific between 1769 and 1777, James Cook visited New Zealand . He was followed by an assortment of Europeans and Americans which including whalers, sealers, escaped convicts from New South Wales, missionaries and adventurers. Initially, contact with the indigenous Māori people was limited to the trading of goods, although interaction increased during the early decades of the 19th century with many trading and missionary stations being set up, especially in
11932-675: The Pacific for the extension of the North American fur trade . Alexander Mackenzie of the North West Company led the first, starting out in 1792, and a year later he became the first European to reach the Pacific overland north of the Rio Grande , reaching the ocean near present-day Bella Coola . This preceded the Lewis and Clark Expedition by twelve years. Shortly thereafter, Mackenzie's companion, John Finlay , founded
12089-671: The Royal Navy during the Seven Years' War, and the two continued to co-operate in arenas outside India: the eviction of the French from Egypt (1799), the capture of Java from the Netherlands (1811), the acquisition of Penang Island (1786), Singapore (1819) and Malacca (1824), and the defeat of Burma (1826). From its base in India, the company had been engaged in an increasingly profitable opium export trade to Qing China since
12246-537: The SKOK ( Spółdzielcze Kasy Oszczędnościowo-Kredytowe ) network grew to serve over 1 million members via 13,000 branches, and was larger than the country's largest conventional bank. In the Scandinavia , there is a clear distinction between mutual savings banks (Sparbank) and true credit unions (Andelsbank). The oldest cooperative banks in Europe, based on the ideas of Friedrich Raiffeisen, are joined in
12403-573: The Seven Years' War therefore left Britain as the world's most powerful maritime power . During the 1760s and early 1770s, relations between the Thirteen Colonies and Britain became increasingly strained, primarily because of resentment of the British Parliament's attempts to govern and tax American colonists without their consent. This was summarised at the time by the colonists' slogan " No taxation without representation ",
12560-762: The Spanish, and in 1666 succeeded in colonising the Bahamas . In 1670, Charles II incorporated by royal charter the Hudson's Bay Company (HBC), granting it a monopoly on the fur trade in the area known as Rupert's Land , which would later form a large proportion of the Dominion of Canada . Forts and trading posts established by the HBC were frequently the subject of attacks by the French, who had established their own fur trading colony in adjacent New France . Two years later,
12717-505: The UK, common ownership (indivisible collective ownership) was popular in the 1970s. Cooperative Societies only became legal in Britain after the passing of Slaney's Act in 1852. In 1865 there were 651 registered societies with a total membership of well over 200,000. There are now more than 400 worker cooperatives in the UK, Suma Wholefoods being the largest example with a turnover of £24 million. There also exist some pseudo-cooperatives, such as
12874-627: The United States, Italy, or France. A consumers' cooperative is a business owned by its customers. Members vote on major decisions and elect the board of directors from among their own number. The first of these was set up in 1844 in the North-West of England by 28 weavers who wanted to sell food at a lower price than the local shops. Retail cooperatives are retailers, such as grocery stores, owned by their customers. They should not be confused with retailers' cooperatives, whose members are retailers rather than consumers. In Singapore, Italy, and Finland
13031-697: The annexation of the Dutch colony of New Netherland in 1664, following the capture of New Amsterdam , which was renamed New York . Although less financially successful than colonies in the Caribbean, these territories had large areas of good agricultural land and attracted far greater numbers of English emigrants, who preferred their temperate climates. The British West Indies initially provided England's most important and lucrative colonies. Settlements were successfully established in St. Kitts (1624), Barbados (1627) and Nevis (1628), but struggled until
13188-561: The apprenticeship system was abolished in 1838. The British government compensated slave-owners. Between 1815 and 1914, a period referred to as Britain's "imperial century" by some historians, around 10 million sq mi (26 million km ) of territory and roughly 400 million people were added to the British Empire. Victory over Napoleon left Britain without any serious international rival, other than Russia in Central Asia . Unchallenged at sea, Britain adopted
13345-528: The armies of the Dominions , as well as many thousands of volunteers from the Crown colonies. The contributions of Australian and New Zealand troops during the 1915 Gallipoli Campaign against the Ottoman Empire had a great impact on the national consciousness at home and marked a watershed in the transition of Australia and New Zealand from colonies to nations in their own right. The countries continue to commemorate this occasion on Anzac Day . Canadians viewed
13502-651: The banking sector. According to the European Association of Cooperative Banks, the market share of cooperative banks in the Small and Medium Enterprises (SMEs) credit market by the end of 2016 was 37% in Finland, 45% in France, 33% in Germany, 43% in the Netherlands, and 22% in Canada. In Germany, Volksbanken-Raiffeisen banks have a market share of approximately 21% of domestic credit and domestic deposits. In
13659-589: The bulk of British slave trading. For the transported, harsh and unhygienic conditions on the slaving ships and poor diets meant that the average mortality rate during the Middle Passage was one in seven. At the end of the 16th century, England and the Dutch Empire began to challenge the Portuguese Empire 's monopoly of trade with Asia, forming private joint-stock companies to finance
13816-529: The business of establishing its own overseas colonies. The British Empire began to take shape during the early 17th century, with the English settlement of North America and the smaller islands of the Caribbean, and the establishment of joint-stock companies , most notably the East India Company , to administer colonies and overseas trade. This period, until the loss of the Thirteen Colonies after
13973-599: The coasts of Africa and Brazil to China , and France had begun to settle the Saint Lawrence River area, later to become New France . Although England tended to trail behind Portugal, Spain, and France in establishing overseas colonies, it carried out its first modern colonisation, referred to as the Munster Plantations , in 16th century Ireland by settling it with English and Welsh Protestant settlers. England had already colonised part of
14130-470: The colony was abandoned two years later. The Darien scheme was a financial disaster for Scotland: a quarter of Scottish capital was lost in the enterprise. The episode had major political consequences, helping to persuade the government of the Kingdom of Scotland of the merits of turning the personal union with England into a political and economic one under the Kingdom of Great Britain established by
14287-815: The communities in which they trade, compared to 2.4% for rival supermarkets. Since 2002, cooperatives have been distinguishable on the Internet through the use of a .coop domain. In 2014, the International Co-operative Alliance (ICA) introduced the Cooperative Marque, meaning ICA cooperatives and WOCCU credit unions can also be identified through a coop ethical consumerism label. Cooperation dates back as far as human beings have been organizing for mutual benefits. Tribes were organized as cooperative structures, allocating jobs and resources among each other, only trading with
14444-433: The company with the largest market share in the grocery store sector is a consumer owned cooperative. In Switzerland both the largest and the second largest retailer are consumer owned cooperatives. A housing cooperative is a legal mechanism for ownership of housing where residents either own shares (share capital co-op) reflecting their equity in the cooperative's real estate or have membership and occupancy rights in
14601-433: The constraints of various systems of national law) is the principle that an enterprise or association should be owned and controlled by the people it serves, and share any surpluses on the basis of each member's cooperative contribution (as a producer, labourer or consumer) rather than their capacity to invest financial capital. The International Co-operative Alliance was the first international association formed (1895) by
14758-457: The continent. During the 1880s and 1890s, Rhodes, with his privately owned British South Africa Company , occupied and annexed territories named after him, Rhodesia . The path to independence for the white colonies of the British Empire began with the 1839 Durham Report , which proposed unification and self-government for Upper and Lower Canada, as a solution to political unrest which had erupted in armed rebellions in 1837. This began with
14915-642: The cooperative movement. It includes the World Council of Credit Unions . The International Cooperative Alliance was founded in London, England on 19 August 1895 during the 1st Cooperative Congress. In attendance were delegates from cooperatives from Argentina, Australia, Belgium, England, Denmark, France, Germany, Holland, India, Italy, Switzerland, Serbia, and the US. A second organization formed later in Germany:
15072-702: The country and that consumers have access to cooperatives in the marketplace. In 1945 Artturi Ilmari Virtanen received the Nobel Prize in Chemistry for his invention of the AIV silage . This invention improved milk production and created a method of preserving butter, the AIV salt, which led to increased Finnish butter exports. He had started his career in chemistry in Valio , a cooperative of dairy farmers in which he headed
15229-572: The country following the Norman invasion of Ireland in 1169. Several people who helped establish the Munster plantations later played a part in the early colonisation of North America, particularly a group known as the West Country Men . In 1578, Elizabeth I granted a patent to Humphrey Gilbert for discovery and overseas exploration. That year, Gilbert sailed for the Caribbean with
15386-477: The decline of the empire. India , Britain's most valuable and populous possession, achieved independence in 1947 as part of a larger decolonisation movement, in which Britain granted independence to most territories of the empire. The Suez Crisis of 1956 confirmed Britain's decline as a global power, and the handover of Hong Kong to China on 1 July 1997 symbolised for many the end of the British Empire, though fourteen overseas territories that are remnants of
15543-657: The empire achieved its largest territorial extent immediately after the First World War, Britain was no longer the world's preeminent industrial or military power. In the Second World War , Britain's colonies in East Asia and Southeast Asia were occupied by the Empire of Japan . Despite the final victory of Britain and its allies , the damage to British prestige and the British economy helped accelerate
15700-537: The empire remain under British sovereignty . After independence, many former British colonies, along with most of the dominions, joined the Commonwealth of Nations , a free association of independent states. Fifteen of these, including the United Kingdom, retain the same person as monarch , currently King Charles III . The foundations of the British Empire were laid when England and Scotland were separate kingdoms. In 1496, King Henry VII of England , following
15857-576: The exception of international relations . Australia and New Zealand achieved similar levels of self-government after 1900, with the Australian colonies federating in 1901 . The term "dominion status" was officially introduced at the 1907 Imperial Conference . As the dominions gained greater autonomy, they would come to be recognized as distinct realms of the empire with unique customs and symbols of their own. Imperial identity, through imagery such as patriotic artworks and banners, began developing into
16014-673: The external communities. In alpine environments, trade could only be maintained in organized cooperatives to achieve a useful condition of artificial roads such as Viamala in 1472. Pre-industrial Europe is home to the first cooperatives from an industrial context. The roots of the cooperative movement can be traced to multiple influences and extend worldwide. In the English-speaking world , post- feudal forms of cooperation between workers and owners that are expressed today as " profit sharing " and "surplus sharing" arrangements existed as far back as 1795. The key ideological influence on
16171-850: The first in Europe. By 2004 a new association focused on worker co-ops was founded, the United States Federation of Worker Cooperatives . The cooperative movement has been fueled globally by ideas of economic democracy . Economic democracy is a socioeconomic philosophy that suggests an expansion of decision-making power from a small minority of corporate shareholders to a larger majority of public stakeholders. There are many different approaches to thinking about and building economic democracy. Anarchists are committed to libertarian socialism and have focused on local organization, including locally managed cooperatives, linked through confederations of unions, cooperatives and communities. Marxists, who as socialists have likewise held and worked for
16328-684: The first permanent European settlement in British Columbia , Fort St. John . The North West Company sought further exploration and backed expeditions by David Thompson , starting in 1797, and later by Simon Fraser . These pushed into the wilderness territories of the Rocky Mountains and Interior Plateau to the Strait of Georgia on the Pacific Coast, expanding British North America westward. The East India Company fought
16485-578: The following months. William Hobson declared British sovereignty over all New Zealand on 21 May 1840, over the North Island by cession and over the South Islnd by discovery (the island was sparsely populated and deemed terra nullius ). Hobson became Lieutenant-Governor, subject to Governor Sir George Gipps in Sydney, with British possession of New Zealand initially administered from Australia as
16642-537: The following year, abolished slavery in the British Empire on 1 August 1834, finally bringing the empire into line with the law in the UK (with the exception of the territories administered by the East India Company and Ceylon, where slavery was ended in 1844). Under the Act, slaves were granted full emancipation after a period of four to six years of "apprenticeship". Facing further opposition from abolitionists,
16799-465: The foremost global power. By 1913, the British Empire held sway over 412 million people, 23 percent of the world population at the time, and by 1920, it covered 35.5 million km (13.7 million sq mi), 24 per cent of the Earth's total land area. As a result, its constitutional , legal , linguistic , and cultural legacy is widespread. At the peak of its power, it
16956-518: The form of the state . Though they regard the state as an unnecessarily oppressive institution, Marxists considered appropriating national and international-scale capitalist institutions and resources (such as the state) to be an important first pillar in creating conditions favorable to solidaristic economies. With the declining influence of the USSR after the 1960s, socialist strategies pluralized, though economic democratizers have not as yet established
17113-474: The founding of a friendly society by the Tolpuddle Martyrs in 1832 were key occasions in the creation of organized labor and consumer movements. Friendly Societies established forums through which one member, one vote was practiced in organisation decision-making. The principles challenged the idea that a person should be an owner of property before being granted a political voice. Throughout
17270-444: The goal of democratizing productive and reproductive relationships, often placed a greater strategic emphasis on confronting the larger scales of human organization. As they viewed the capitalist class to be politically, militarily and culturally mobilized for the purpose of maintaining an exploitable working class, they fought in the early 20th century to appropriate from the capitalist class the society's collective political capacity in
17427-679: The government on the suitability of Botany Bay for the establishment of a penal settlement , and in 1787 the first shipment of convicts set sail, arriving in 1788. Unusually, Australia was claimed through proclamation. Indigenous Australians were considered too uncivilised to require treaties, and colonisation brought disease and violence that together with the deliberate dispossession of land and culture were devastating to these peoples. Britain continued to transport convicts to New South Wales until 1840, to Tasmania until 1853 and to Western Australia until 1868. The Australian colonies became profitable exporters of wool and gold, mainly because of
17584-500: The increasingly healthy profits of colonial trade remained in English hands, Parliament decreed in 1651 that only English ships would be able to ply their trade in English colonies. This led to hostilities with the United Dutch Provinces —a series of Anglo-Dutch Wars —which would eventually strengthen England's position in the Americas at the expense of the Dutch. In 1655, England annexed the island of Jamaica from
17741-495: The intention of asserting imperial authority and not allowing the sort of popular control of government that was perceived to have led to the American Revolution. Tensions between Britain and the United States escalated again during the Napoleonic Wars , as Britain tried to cut off American trade with France and boarded American ships to impress men into the Royal Navy . The United States Congress declared war,
17898-482: The intention of engaging in piracy and establishing a colony in North America, but the expedition was aborted before it had crossed the Atlantic. In 1583, he embarked on a second attempt. On this occasion, he formally claimed the harbour of the island of Newfoundland, although no settlers were left behind. Gilbert did not survive the return journey to England and was succeeded by his half-brother, Walter Raleigh , who
18055-508: The interests of the community. There are specific forms of incorporation for cooperatives in some countries, e.g. Finland and Australia. Cooperatives may take the form of companies limited by shares or by guarantee, partnerships or unincorporated associations. In the UK they may also use the industrial and provident society structure. In the US, cooperatives are often organized as non-capital stock corporations under state-specific cooperative laws. Cooperatives often share their earnings with
18212-578: The larger trade, by 1720, in terms of sales, the British company had overtaken the Dutch. During the middle decades of the 18th century, there were several outbreaks of military conflict on the Indian subcontinent , as the English East India Company and its French counterpart , struggled alongside local rulers to fill the vacuum that had been left by the decline of the Mughal Empire . The Battle of Plassey in 1757, in which
18369-408: The largest three hundred cooperatives in the world reached $ 2.2 trillion . Worker cooperatives are typically more productive and economically resilient than many other forms of enterprise, with twice the number of co-operatives (80%) surviving their first five years compared with other business ownership models (44%) according to data from United Kingdom. The largest worker owned cooperative in
18526-510: The loss of the Thirteen Colonies in 1783, the British government looked for an alternative, eventually turning to Australia . On his first of three voyages commissioned by the government, James Cook reached New Zealand in October 1769. He was the first European to circumnavigate and map the country. From the late 18th century, the country was regularly visited by explorers and other sailors, missionaries , traders and adventurers but no attempt
18683-632: The lower Congo River region undermining orderly colonisation of tropical Africa, the Berlin Conference of 1884–85 was held to regulate the competition between the European powers in what was called the " Scramble for Africa " by defining "effective occupation" as the criterion for international recognition of territorial claims. The scramble continued into the 1890s, and caused Britain to reconsider its decision in 1885 to withdraw from Sudan . A joint force of British and Egyptian troops defeated
18840-427: The membership as dividends , which are divided among the members according to their participation in the enterprise, such as patronage, instead of according to the value of their capital shareholdings (as is done by a joint stock company ). The cooperative share capital or co-operative share capital (in short cooperative capital or co-operative capital ) is the form of capital that the cooperative accumulates from
18997-548: The most successful colony in the Americas, and one of the most densely populated places in the world. This boom led to the spread of sugar cultivation across the Caribbean, financed the development of non-plantation colonies in North America, and accelerated the growth of the Atlantic slave trade , particularly the triangular trade of slaves, sugar and provisions between Africa, the West Indies and Europe. To ensure that
19154-443: The needs of local residents, rather than generating profits for external shareholders. By working together and pooling resources, members can often achieve economies of scale, negotiate better prices, and develop services that better meet the needs of their community. Community cooperatives can also help to build social capital and foster a sense of community ownership and pride. They have been successful vehicles for rural development in
19311-487: The north. The first of several Church of England missionaries arrived in 1814 and as well as their missionary role, they soon become the only form of European authority in a land that was not subject to British jurisdiction: the closest authority being the New South Wales governor in Sydney. The sale of weapons to Māori resulted from 1818 on in the intertribal warfare of the Musket Wars , with devastating consequences for
19468-735: The other powers of Europe. In 1701, England, Portugal and the Netherlands sided with the Holy Roman Empire against Spain and France in the War of the Spanish Succession , which lasted for thirteen years. In 1695, the Parliament of Scotland granted a charter to the Company of Scotland , which established a settlement in 1698 on the Isthmus of Panama . Besieged by neighbouring Spanish colonists of New Granada , and affected by malaria ,
19625-799: The outbreak of the Anglo-Spanish War of Jenkins' Ear in 1739, Spanish privateers attacked British merchant shipping along the Triangle Trade routes. In 1746, the Spanish and British began peace talks, with the King of Spain agreeing to stop all attacks on British shipping; however, in the 1750 Treaty of Madrid Britain lost its slave-trading rights in Latin America . In the East Indies, British and Dutch merchants continued to compete in spices and textiles. With textiles becoming
19782-421: The outbreak of the First World War. Britain quickly invaded and occupied most of Germany's overseas colonies in Africa. In the Pacific, Australia and New Zealand occupied German New Guinea and German Samoa respectively. Plans for a post-war division of the Ottoman Empire, which had joined the war on Germany's side, were secretly drawn up by Britain and France under the 1916 Sykes–Picot Agreement . This agreement
19939-451: The paid participation shares of its members. The total amount of participation shares the paid to the cooperative constitutes the cooperative capital. The co-operative share capital is usually non-withdrawable and indivisible to the cooperative members. The top 300 largest cooperatives were listed in 2007 by the International Co-operative Alliance . 80% were involved in either agriculture , finance , or retail and more than half were in
20096-434: The passing of the Act of Union in 1840, which created the Province of Canada . Responsible government was first granted to Nova Scotia in 1848, and was soon extended to the other British North American colonies. With the passage of the British North America Act, 1867 by the British Parliament , the Province of Canada, New Brunswick and Nova Scotia were formed into Canada, a confederation enjoying full self-government with
20253-448: The power vacuums that had been left by the declining Ottoman Empire , Qajar dynasty and Qing dynasty . This rivalry in Central Asia came to be known as the "Great Game". As far as Britain was concerned, defeats inflicted by Russia on Persia and Turkey demonstrated its imperial ambitions and capabilities and stoked fears in Britain of an overland invasion of India. In 1839, Britain moved to pre-empt this by invading Afghanistan , but
20410-428: The principle of mutuality, committed to self-help in the welfare of working people. In 1761, the Fenwick Weavers' Society was formed in Fenwick, East Ayrshire , Scotland to sell discounted oatmeal to local workers. Its services expanded to include assistance with savings and loans, emigration and education. In 1810, Welsh social reformer Robert Owen , from Newtown in mid- Wales , and his partners purchased
20567-405: The region in 1878 and on all outstanding matters in 1907 with the signing of the Anglo-Russian Entente . The destruction of the Imperial Russian Navy by the Imperial Japanese Navy at the Battle of Tsushima during the Russo-Japanese War of 1904–1905 limited its threat to the British. The Dutch East India Company had founded the Dutch Cape Colony on the southern tip of Africa in 1652 as
20724-411: The research department for 50 years and where all his major inventions were first put to practice. Cooperative banks were first to adopt online banking. Stanford Federal Credit Union was the first financial institution to offer online internet banking services to all of its members in October 1994. In 1996 OP Financial Group , also a cooperative bank , became the second online bank in the world and
20881-526: The rise of trade unions and industrial factories. Weinbren reports that by the end of the 19th century, over 80% of British working age men and 90% of Australian working age men were members of one or more Friendly Society. From the mid-nineteenth century, mutual organisations embraced these ideas in economic enterprises, firstly among tradespeople, and later in cooperative stores, educational institutes, financial institutions and industrial enterprises. The common thread (enacted in different ways, and subject to
21038-450: The role of global policeman, a state of affairs later known as the Pax Britannica , and a foreign policy of " splendid isolation ". Alongside the formal control it exerted over its own colonies, Britain's dominant position in world trade meant that it effectively controlled the economies of many countries, such as China, Argentina and Siam , which has been described by some historians as an " Informal Empire ". British imperial strength
21195-401: The same services as banks but are considered not-for-profit organizations and adhere to cooperative principles . Credit unions originated in mid-19th-century Germany through the efforts of pioneers Franz Herman Schulze'Delitzsch and Friedrich Wilhelm Raiffeisen . The concept of financial cooperatives crossed the Atlantic at the turn of the 20th century, when the caisse populaire movement
21352-434: The second half of the nineteenth century (and then repeatedly every twenty years or so) there was a surge in the number of cooperative organisations, both in commercial practice and civil society, operating to advance democracy and universal suffrage as a political principle. Friendly Societies and consumer cooperatives became the dominant form of organization among working people in Anglosphere industrial societies prior to
21509-482: The seven ICA Cooperative Principles and Co-op Values. Co-ops can be identified on the Internet through the use of the .coop suffix of internet addresses . Organizations using .coop domain names must adhere to the basic co-op values. A cooperative is a legal entity owned and democratically controlled by its members. Members often have a close association with the enterprise as producers or consumers of its products or services, or as its employees. The legal entities have
21666-423: The size of the territories under its control, either ruling directly or via local rulers under the threat of force from the Presidency Armies , the vast majority of which was composed of Indian sepoys , led by British officers. The British and French struggles in India became but one theatre of the global Seven Years' War (1756–1763) involving France, Britain, and the other major European powers. The signing of
21823-450: The sovereignty of the Crown over the territories that it had acquired. The company's eventual end was precipitated by the Indian Rebellion in 1857, a conflict that had begun with the mutiny of sepoys, Indian troops under British officers and discipline. The rebellion took six months to suppress, with heavy loss of life on both sides. The following year the British government dissolved the company and assumed direct control over India through
21980-419: The subcontinent in which it is estimated that over 15 million people died. The East India Company had failed to implement any coordinated policy to deal with the famines during its period of rule. Later, under direct British rule, commissions were set up after each famine to investigate the causes and implement new policies, which took until the early 1900s to have an effect. On each of his three voyages to
22137-418: The successes of Spain and Portugal in overseas exploration, commissioned John Cabot to lead an expedition to discover a northwest passage to Asia via the North Atlantic. Cabot sailed in 1497, five years after the first voyage of Christopher Columbus , and made landfall on the coast of Newfoundland . He believed he had reached Asia, and there was no attempt to found a colony. Cabot led another voyage to
22294-440: The voyages—the English, later British, East India Company and the Dutch East India Company , chartered in 1600 and 1602 respectively. The primary aim of these companies was to tap into the lucrative spice trade , an effort focused mainly on two regions: the East Indies archipelago , and an important hub in the trade network, India. There, they competed for trade supremacy with Portugal and with each other. Although England eclipsed
22451-413: The workforce, or the retention of individual, collective or majority voting rights. A worker cooperative, therefore, has the characteristic that the majority of its workforce owns shares, and the majority of shares are owned by the workforce. Membership is not always compulsory for employees, but generally, only employees can become members either directly (as shareholders) or indirectly through membership of
22608-431: The world, including financial cooperatives ('cooperativa financiera' is the Spanish term used in Latin America), cooperative banks, credit unions, and savings and credit cooperatives ('cooperativa de ahorro y crédito' in Spanish or ' coopérative d'épargne et de credit ' in French-speaking countries). Cooperative banking networks, which were nationalized in Eastern Europe, continued as cooperative institutions. In Poland,
22765-399: The world, the Mondragon Corporation (founded by Catholic priest José María Arizmendiarrieta ), has been in continuous operation since 1956. Cooperatives frequently have social goals, which they aim to accomplish by investing a proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in
22922-405: Was a humiliation for Spain, which practically renounced all sovereignty on the North Pacific coast. This opened the way to British expansion in the area, and a number of expeditions took place; firstly a naval expedition led by George Vancouver which explored the inlets around the Pacific North West, particularly around Vancouver Island . On land, expeditions sought to discover a river route to
23079-472: Was described as " the empire on which the sun never sets ", as the sun was always shining on at least one of its territories. During the Age of Discovery in the 15th and 16th centuries, Portugal and Spain pioneered European exploration of the globe, and in the process established large overseas empires. Envious of the great wealth these empires generated, England, France , and the Netherlands began to establish colonies and trade networks of their own in
23236-481: Was founded as a haven by Puritan religious separatists, later known as the Pilgrims . Fleeing from religious persecution would become the motive for many English would-be colonists to risk the arduous trans-Atlantic voyage : Maryland was established by English Roman Catholics (1634), Rhode Island (1636) as a colony tolerant of all religions and Connecticut (1639) for Congregationalists . England's North American holdings were further expanded by
23393-472: Was granted his own patent by Elizabeth in 1584. Later that year, Raleigh founded the Roanoke Colony on the coast of present-day North Carolina , but lack of supplies caused the colony to fail. In 1603, James VI of Scotland ascended (as James I) to the English throne and in 1604 negotiated the Treaty of London , ending hostilities with Spain. Now at peace with its main rival, English attention shifted from preying on other nations' colonial infrastructures to
23550-404: Was made to settle the country or establish possession. The coast of Australia had been discovered for Europeans by the Dutch in 1606 , but there was no attempt to colonise it. In 1770, after leaving New Zealand, James Cook charted the eastern coast, claimed the continent for Britain, and named it New South Wales . In 1778, Joseph Banks , Cook's botanist on the voyage, presented evidence to
23707-429: Was not divulged to the Sharif of Mecca , who the British had been encouraging to launch an Arab revolt against their Ottoman rulers, giving the impression that Britain was supporting the creation of an independent Arab state. The British declaration of war on Germany and its allies committed the colonies and Dominions, which provided invaluable military, financial and material support. Over 2.5 million men served in
23864-440: Was returning across the Atlantic, laden with treasure from the New World . At the same time, influential writers such as Richard Hakluyt and John Dee (who was the first to use the term "British Empire") were beginning to press for the establishment of England's own empire. By this time, Spain had become the dominant power in the Americas and was exploring the Pacific Ocean, Portugal had established trading posts and forts from
24021-477: Was started by Alphonse Desjardins in Quebec, Canada. In 1900, from his home in Lévis , he opened North America's first credit union, marking the beginning of the Mouvement Desjardins . Eight years later, Desjardins provided guidance for the first credit union in the United States , where there are now about 7,950 active status federally insured credit unions, with almost 90 million members and more than $ 679 billion on deposit. Financial cooperatives hold
24178-427: Was supported by the British prime minister , William Gladstone , who hoped that Ireland might follow in Canada's footsteps as a Dominion within the empire, but his 1886 Home Rule bill was defeated in Parliament. Although the bill, if passed, would have granted Ireland less autonomy within the UK than the Canadian provinces had within their own federation, many MPs feared that a partially independent Ireland might pose
24335-513: Was the first established savings bank that would be merged into the Trustee Savings Bank between 1970 and 1985. The Rochdale Society of Equitable Pioneers , founded in 1844, is usually considered the first successful cooperative enterprise, used as a model for modern coops, following the ' Rochdale Principles '. A group of 28 weavers and other artisans in Rochdale , England set up the society to open their own store selling food items they could not otherwise afford. Within ten years there were over
24492-481: Was the only global war fought between Britain and another imperial power during the Pax Britannica and was a resounding defeat for Russia. The situation remained unresolved in Central Asia for two more decades, with Britain annexing Baluchistan in 1876 and Russia annexing Kirghizia , Kazakhstan , and Turkmenistan . For a while, it appeared that another war would be inevitable, but the two countries reached an agreement on their respective spheres of influence in
24649-401: Was underpinned by the steamship and the telegraph , new technologies invented in the second half of the 19th century, allowing it to control and defend the empire. By 1902, the British Empire was linked together by a network of telegraph cables, called the All Red Line . The East India Company drove the expansion of the British Empire in Asia. The company's army had first joined forces with
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