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Social credit is a distributive philosophy of political economy developed in the 1920s and 1930s by C. H. Douglas.Douglas attributed economic downturns to discrepancies between the cost of goods and the compensation of the workers who made them.
C. H. Douglas, founder of the Social Credit-theory. Photo taken in Edmonton, Alberta, Canada, 1934. In the years around 1920 the British engineer C. H. Douglas developed a theory on banking and welfare distribution, a theory which he called "Social Credit", and which soon became the cornerstone of an international movement with the same name.
Notable supporters of Social Credit or "monetary reform" in Britain in the 1920s and 1930s included aircraft manufacturer A. V. Roe, scientist Frederick Soddy, author Henry Williamson, [citation needed] military historian J. F. C. Fuller [7] and Sir Oswald Mosley, in 1928-30 a member of the Labour Government but later the leader of the British Union of Fascists.
C.H. Douglas was born in either Edgeley or Manchester, [2] the son of Hugh Douglas and his wife Louisa (Hordern) Douglas. Few details are known about his early life and training; he probably served an engineering apprenticeship before beginning an engineering career that brought him to locations throughout the British Empire in the employ of electric companies, railways and other institutions. [2]
Download as PDF; Printable version; ... The name Social Credit Party has been used by a number of political parties. In Canada: ... Canadian social credit movement
Download as PDF; Printable version; ... Canadian social credit movement (2 C, 8 P) P. ... Social crediters (6 C) Pages in category "Social credit"
Many observers cited growing internal divisions within the Social Credit Party as a cause of this by diverting the party's efforts and attention away from campaigning and policy platforms. [10] The party dropped 5% in the polls and Cracknell likewise did worse in Hobson where Logan Sloane regained the seat by a substantial margin.
The Social Credit Party of Canada (French: Parti Crédit social du Canada), colloquially known as the Socreds, [3] was a populist political party in Canada that promoted social credit theories of monetary reform. It was the federal wing of the Canadian social credit movement.