[3] The traveler who will feel the need to visit the historical town of Ampelakia (nicknamed "The jewel of Thessaly"), has to go up the well made road that starts from the Tempe Valley.

The historian Elias Georgiou ("History and the Cooperative of Ambelakia", Athens 1951, p. 9) published the recollection of the Bishop of Platamon Gregorios, in the ritual which Nikos Gameos bought in 1580 and donated to the old church of Saint Paraskevi.

Ampelakia, an originally poor village without any navigable rivers and trade routes, had no neighboring towns of industrial significance.

It is a part of the national folk tradition, based on a deep humanitarian spirit and the fair contribution of profits between the people.

The cooperative of merchants, craftsmen, farmers and laborers of production of the red yarns of Ampelakia flourished in the end of the 18th and the beginning of the 19th century.

The Cooperative had totally 24 workshops: laundries, dyer's shops, places where they elaborated the scarlet red yarns, which were exported abroad.

[citation needed] When the producers gave the cotton, a special committee evaluated it and took half its value in advance, whereas the rest of it at the end of the year after balancing the annual account and adding the profit which fell to their share.

As a highest force, the auditing committee had great rights: in the annual general meeting they submitted a detailed report for the whole activity of the co-operative.

[citation needed] The most important trading agencies and branches of the co-operative were in Vienna (the central one), Trieste (Austria), Leipzig, Anbach, Dresden, Hamburg (Germany), London (England), Amsterdam (Netherlands), Budapest (Hungary), Odessa (Russia), Lyon and Rouen (France), Constantinople, Smyrna and Thessaloniki where there were big Greek colonies.

[citation needed] The Turks may have not raided Ampelakia but the people of it contributed greatly to the Greek Revolution with a lot of sacrifices and offers of money and blood.

All the emigrated merchants and representatives of Ampelakia were members of the Society of Friends (= Filiki Heteria) and afforded great sums of money for the Revolution since the co-operative enjoyed enormous prosperity.

But, unfortunately, for Ampelakia, the Modern Greek civilization and, generally, the universally financial, common life this famous co-operative did not last long it dissolved in 1812.

[citation needed] After the dissolution of the co-operative, some of the people who remained at Ampelakia cultivated vineyards, some others occupied themselves with cattle breeding or various temporary jobs.