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

As a publicity stunt to lure tourists, Alberta's Social Credit government staged a "national dish" contest, offered $1,000 in prizes.

From Time Magazine Archive

Clark will not seek a formal alliance with either the Social Credit Party or the leftist N.D.P.

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

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

Despite this broadside, the Conservatives hoped that the Social Credit Party, which had saved them on five previous no-confidence votes, would support them again.

From Time Magazine Archive