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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.
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 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 ...
William Aberhart (December 30, 1878 – May 23, 1943), also known as "Bible Bill" for his radio sermons about the Bible, was a Canadian politician and the seventh premier of Alberta from 1935 to his death in 1943. [1]
The Irish Social Credit Party was a political party active in the Irish Free State. Founded as the Financial Freedom Federation in 1932, it was renamed in 1935 ...
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.
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.