International Day of Cooperatives in United States ― Date, History, and Details
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History of International Day of Cooperatives in United States and How to Celebrate/ Observe It
The International Day of Cooperatives is celebrated annually on the first Saturday in July. The day promotes the cooperative movement worldwide and highlights the contribution of cooperatives to socio-economic development. In the United States, the day is also used to raise awareness about the cooperative business model and to celebrate the many successes of cooperatives across the country.
Cooperatives are businesses that are owned and controlled by their members. They are based on the principles of self-help, self-responsibility, democracy, equality, equity, and solidarity. In the United States, there are over 29,000 cooperatives that serve more than 120 million people. These cooperatives generate over $650 billion in revenue and employ more than 2 million people.
The cooperative business model has a long history in the United States. The first cooperatives were formed in the early 1800s by groups of farmers and artisans who banded together to purchase supplies and market their products. The cooperative movement gained momentum in the late 19th and early 20th centuries as workers organized to improve their working conditions and wages. Today, cooperatives are found in nearly every sector of the economy, including agriculture, banking, healthcare, housing, and utilities.
The International Day of Cooperatives is an opportunity to learn about the many ways that cooperatives are making a difference in the United States and around the world. It is also a time to celebrate the success of cooperatives and the cooperative way of doing business.