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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.
In July 1988 former Social Credit Party leader Bruce Beetham established Social Credit-NZ after coming to the belief that the Democratic Party was no longer a true social credit based party. 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 Party of Alberta; Social Credit Party of Saskatchewan; Social Credit Party of British Columbia; Social Credit Party of Ontario; In the United Kingdom: Social Credit Party of Great Britain and Northern Ireland; In New Zealand: Social Credit Party (New Zealand) Social Credit-NZ; In Australia: Social Credit Party (Australia) In ...
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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The Movement evolved into the New Zealand Social Credit Political League and Marks polled highly, though not enough to take the seat. When not running for Parliament, he served on the League's national committee and was made a life member in 1968. Marks deservedly takes credit for establishing the Social Credit movement as a force in Wanganui.
The party was still in existence in 1975 and was considering standing candidates at the 1975 election. [5] However the party did not end up standing any candidates. [6] O'Brien later sued the Social Credit Party in 1980 for defamation regarding a statement of claim against him in an article published in The Nelson Mail in 1972. A four and a ...