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

For Social Credit he became a fiery if incoherent apostle.

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

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

It perks along with a public works-minded Social Credit movement, whose Premier William Andrew Cecil Bennett takes pains to assure potential investors that their dollars are coming to the right place.

From Time Magazine Archive

After the WaR he campaigned, in his magazine and in the flesh, for the Social Credit system of Major C. H. Douglas.

From Time Magazine Archive