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

See Examples For:

Social Credit

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

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

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

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 neighboring British Columbia, Cecil Bennett, a hardware merchant and Tory politician, forsook his old party in 1951, joined the new Social Credit movement, led it to two straight election victories.

From Time Magazine Archive