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Quakers and Industry.
Industrial Revolution.
In Britain, dissenters were not allowed into Oxford or Cambridge universities until 1871 and Quakers were barred from professions where oath taking was a condition of entry (because Quakers believe that taking oaths sets a double standard of integrity and so they refuse to swear). Therefore Quakers turned their talents to the world of industry, banking and commerce, with great success. Some prominent Quakers were at the forefront of the Industrial Revolution which began in Britain in the nineteenth century.
Quakers showed that it is possible to succeed in business by telling the truth, and it is not necessary to lie and cheat. Business relations founded upon honesty and trust encourage the support of business customers and clients, and are an important factor in long term success. The concept of the role of business being pursuit of profit for the owners to the exclusion of other stakeholders, is a foreign one to Quakers. The trades that Quaker pursued had to be "innocent", not contributing to war or its preparations in any way. Ethical business practice is still a concern of many Quakers today, though some of the companies founded by Friends have passed out of Quaker hands.
Manufacturing.
Other Quakers set up successful manufacturing companies. Friends refused to haggle over prices, at a time when this was commonplace and no one could guarantee that they would not be cheated, and insisted on setting a fixed price for goods. This began a tradition of trustworthiness that encouraged loyal customers and commercial success. Quaker Oats are not one of these companies, though they use the image of a Quaker as a symbol of trustworthiness.
Most of the manufacturing empires established by Quaker families have now passed out of their control. In the modern world, business practices have changed and in the case of commodities such as chocolate, British companies need to ensure that their suppliers in the countries where cocoa is grown are treating their workers fairly. Many Quakers are concerned that companies that have been associated with their faith are run ethically and in the spirit of their founders.