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The Social Credit Party was established as the Social Credit Political League. It was founded on 10 January 1953, and grew out of the earlier Social Credit Association. The party's first leader was Wilfrid Owen, a businessman. Much of the early activity in the party involved formulating policy and promoting social credit theories to the public.
Eventually the remaining members of the party ended up as part of a supposedly centrist party known as the New Zealand Coalition after joining together with the remnants of the New Zealand Party and the United NZ Party. [8] In 2018 the Democratic Party changed its name back to the Social Credit Party. [9]
Social Credit Party of Alberta; Social Credit Party of Saskatchewan; Social Credit Party of British Columbia; Social Credit Party of Ontario; In the United Kingdom: Social Credit Party of Great Britain and Northern Ireland; In New Zealand: Social Credit Party (New Zealand) Social Credit-NZ; In Australia: Social Credit Party (Australia) In ...
Later, he became involved in politics through the Social Credit Party, a group dedicated to the social credit theory of monetary reform. He made his entry into politics in local government in 1950 when he was elected a member of the Bay of Islands Harbour Board and became the board's chairman in 1953. [1]
Soon after being elected he began advocating to change the name of the Social Credit Party to the New Zealand Democratic Party in an effort to rejuvenate following a huge drop in support between the 1981 and 1984 elections. [5] In 1985 Knapp resigned as deputy leader of the party and Morrison stood to replace him.
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The 1954 New Zealand general election was a nationwide vote to determine the shape of the New Zealand Parliament's 31st term. It saw the governing National Party remain in office, but with a slightly reduced majority. It also saw the debut of the new Social Credit Party, which won more than eleven percent of the vote but failed to win a seat.
The Movement evolved into the New Zealand Social Credit Political League and Marks polled highly, though not enough to take the seat. When not running for Parliament, he served on the League's national committee and was made a life member in 1968. Marks deservedly takes credit for establishing the Social Credit movement as a force in Wanganui.