less than 1 minute read

Social Credit Party

Social Credit Party, Canadian party formed (1935) by William Aberhart. It aimed to implement Clifford Douglas's policy of avoiding economic depression by distributing surplus money as a “social dividend” to increase purchasing power. It failed in this but governed Alberta (1935–71) and British Columbia (1952–72). The party failed to win seats in the 1980 federal parliamentary elections.

Additional topics

21st Century Webster's Family Encyclopedia21st Century Webster's Family Encyclopedia - Singing Tower to Sound