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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.
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.
The name Social Credit Party has been used by a number of political parties.. In Canada: Social Credit Party of Canada; Manitoba Social Credit Party; Parti crédit social uni ...
Between 1916 and 1920, he developed his economic ideas, publishing two books in 1920, Economic Democracy and Credit-Power and Democracy, followed in 1924 by Social Credit. The basis of Douglas's reform ideas was to free workers from this system by bringing purchasing power in line with production, which became known as social credit.
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.
Formed in 1932 as the Financial Freedom Federation (FFF), it became the Irish Social Credit Party in late 1935. The party sought to reform Ireland's financial and economic system on lines consistent with the social credit economics as espoused by Major C. H. Douglas. The FFF had split in two factions: one operating under the banner of the ...
In the 1940 federal election many Social Credit Party MPs ran for re-election under the New Democracy party led by former Conservative William Duncan Herridge as part of a joint effort. All 3 New Democracy candidates elected were Social Credit incumbents, Social Credit leader John Horne Blackmore and MPs Walter Frederick Kuhl and Robert Fair ...
The Canadian social credit movement is a political movement originally based on the Social Credit theory of Major C. H. Douglas. Its supporters were colloquially known as Socreds in English and créditistes in French.