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

Derived Forms

• Social Crediter
  noun

Example Sentences

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

For Social Credit he became a fiery if incoherent apostle.

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

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

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