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

The Conservatives lost twelve seats, ending up with 95, and the tiny, right-wing Social Credit Party dropped from 15 to eleven.

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

For Social Credit he became a fiery if incoherent apostle.

From Time Magazine Archive

But in two crucial votes of confidence, the right-wing Social Credit Party, like the Tories, in no mood for an early election, sided with the government to keep it in power.

From Time Magazine Archive

From their stronghold in Alberta and British Columbia, the Social Credit Party's high command swept into Toronto last week for a national convention launching their first serious bid for national influence.

From Time Magazine Archive