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Raiffeisen, Friedrich Wilhelm

(334 words)

Author(s): Lamparter, Fritz
[German Version] (Mar 30, 1818, Hamm/Sieg – Mar 11, 1888, Neuwied), was influenced by the Siegerland revival movement (Revival/Revival movements: I, 7), through his mother. He was founder of the rural cooperative system. As mayor of Weyerbusch in the Westerwald (1845), in Flammersfeld (1848), and in Heddesdorf (1852), he became familiar with the poverty of the people in the famine years of 1846/1847 and later. Moneylenders exploited the farmers’ plight by charging extortionate rates of interest. M…