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The Alberta Social Credit party won a majority government in 1935, in the first election it contested, barely months after its formation. During its first years, when led by William Aberhart, it was a radical monetary reform party, at least in theory if not in effect.
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.
He was the founder and first leader of the Alberta Social Credit Party, which believed the Great Depression was caused by ordinary people not having enough to spend. Therefore, Aberhart argued that the government should give each Albertan $25 per month to spend to stimulate the economy, by providing needed purchasing power to allow needy ...
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 ...
William Aberhart's Social Credit party wins majority government, defeating the UFA government. This was the first Social Credit government elected anywhere in the world. September 29, 1938 Alberta Treasury Branches established as a provincially owned bank, as part of the Social Credit government's monetary reform policies. 1939-1945
Roy was elected to parliament leading a six-member Social Credit caucus. He led the party through the 1980 federal election after the fall of Joe Clark's minority government. Every Social Credit MP was defeated. Seatless, Roy tried to re-enter parliament by running in a by-election in Frontenac on March 24, 1980 but he was defeated. He resigned ...
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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]