Social Credit

American  

noun

Economics.

1. the doctrine that under capitalism there is an inadequate distribution of purchasing power, for which the remedy lies in governmental control of retail prices and the distribution of national dividends to consumers.

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Social Credit British  

noun

1. (esp in Canada) a right-wing Populist political party, movement, or doctrine based on the socioeconomic theories of Major C. H. Douglas

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Other Word Forms

• Social Crediter noun

Example Sentences

It is administered by Premier Ernest Manning, 58, who, like his colleague Bennett, has his political roots in the Social Credit movement, though his policies are now cautiously conservative.

From Time Magazine Archive

To weaken the Liberals' traditional domination of federal elections in Quebec, the Parti Qu�becois endorsed the Social Credit Party and its bombastic leader, Fabien Roy.

From Time Magazine Archive

Another grandiose Social Credit idea turned out last week to be bankrupt.

From Time Magazine Archive

Two weeks ago Bennett's Social Credit Party* went to the polls, and his government breezed home for another five-year term with 33 of the legislature's 55 seats.

From Time Magazine Archive

In 1939 he dropped in at a Social Credit meeting in Rouyn, listened, and decided that the movement's economic theories made sense.

From Time Magazine Archive