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Alberta Social Credit was a provincial political party in Alberta, Canada, that was founded on social credit monetary policy put forward by Clifford Hugh Douglas and on conservative Christian social values. The Canadian social credit movement was largely an out-growth of Alberta Social Credit.
In 1936, the Alberta Social Credit Party-led government of the Province of Alberta, Canada, introduced prosperity certificates in an attempt to alleviate the effects of the Great Depression. Premier William Aberhart 's government had won power in the 1935 provincial election partly on the scheme.
Low's Alberta Social Credit Act delivered what the insurgents wanted, including the creation of "Alberta credit" in the amount of "the unused capacity of industries and people of Alberta to produce wanted goods and services", the establishment of "credit houses" to distribute this credit, and the creation of a Social Credit Board. [36]
Ernest Manning had been Social Credit's leader and premier of Alberta since he was selected by his caucus to succeed deceased party founder William Aberhart in 1943. Though still not an old man, he had decided to retire as premier after a record-setting 25 years, sensing the mood of change that was beginning to grip the province - his son, Preston Manning, claimed in 2003 that his father was ...
The 1935 Alberta general election was held on August 22, 1935, to elect members of the Legislative Assembly of Alberta. The newly founded Social Credit Party of Alberta won a sweeping victory, unseating the 14-year government of the United Farmers of Alberta. It was one of only five times that Alberta has changed governments.
Separatism emerged in the 1930s within the Social Credit Party, which formed the Government of Alberta after the 1935 election. William Aberhart and Ernest Manning created the Social Credit party with the aim of bringing financial relief to Albertans who were suffering because of the Great Depression.
The idea of social credit attracted considerable interest in the interwar period, with the Alberta Social Credit Party briefly distributing "prosperity certificates" to the Albertan populace. However, Douglas opposed the distribution of prosperity certificates which were based upon the theories of Silvio Gesell. [6]
The Canadian social credit movement was largely an out-growth of the Alberta Social Credit Party, and the Social Credit Party of Canada was strongest in Alberta during this period. In 1932, Baptist evangelist William Aberhart used his radio program to preach the values of social credit throughout the province. [4]