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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.
Beetham and party president Alan Shaw said the new party would offer an alternative to interventionist and free-market policies by resurrecting original social credit economic ideas. At its launch the party said it intended to contest every electorate at the 1990 election and already had 45 members lined up to contest electorates. [ 1 ]
In 1970, a bitter dispute at the party's annual conference saw Cracknell lose the Social Credit Party's leadership to his deputy, the more confrontational John O'Brien. The 1970 conference was described as "the most vivid example of political bloodletting in public" since John A. Lee had been expelled at the 1940 Labour party conference. [ 13 ]
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Bruce Craig Beetham QSO (16 February 1936 – 3 May 1997) was an academic and politician from New Zealand, whose career spanned the 1970s and early 1980s.. A lecturer at Hamilton's University of Waikato and at the Hamilton Teachers' Training College, he was elected leader of the Social Credit Political League (which he had joined in 1969) in 1972, at a time when the party was in disarray and ...
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New Zealand digital assets exchange Cryptopia has suspended services after detecting a major hack that has reportedly “resulted in significant losses,” according to a tweet posted today, Jan. 15.
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