Social Credit, economic plan in Canada, based on the theories of Clifford Hugh Douglas. The central idea is that the problems fundamental to economic depression are those of unequal distribution owing to lack of purchasing power. To solve these difficulties Douglas proposed a system of issuing to every citizen dividends, the amount of which would be determined by an estimate of the nation's real wealth; the establishment of a just price for all goods would be the result. The program became highly influential in Alberta during the depression years, and the Social Credit party, led by William Aberhart, won a resounding victory in the provincial elections of 1935. The program included distribution of a social dividend of $25 a month, but it proved impossible to put this scheme into practice. Attempts to tax banks and to enter on currency schemes were declared unconstitutional by the courts. The party remained in power in Alberta until defeated in 1971 but was no longer a significant force there by the 1980s. In the federal parliament, the party retained 6 seats until 1980, when it lost them all. The Social Credit party in British Columbia diverged from the doctrines of the original party early on; it declined during the 1990s and no longer exists.
See M. Pinard, The Rise of a Third Party (1971); B. Monahan, Introduction to Social Credit (1982).
"Social Credit." The Columbia Encyclopedia, 6th ed.. . Encyclopedia.com. (November 18, 2017). http://www.encyclopedia.com/reference/encyclopedias-almanacs-transcripts-and-maps/social-credit
"Social Credit." The Columbia Encyclopedia, 6th ed.. . Retrieved November 18, 2017 from Encyclopedia.com: http://www.encyclopedia.com/reference/encyclopedias-almanacs-transcripts-and-maps/social-credit
Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA).
Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Then, copy and paste the text into your bibliography or works cited list.
Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites:
Modern Language Association
The Chicago Manual of Style
American Psychological Association
- Most online reference entries and articles do not have page numbers. Therefore, that information is unavailable for most Encyclopedia.com content. However, the date of retrieval is often important. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates.
- In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list.