Social Credit Movement - Hutchinson encyclopedia article about Social Credit Movement Printer Friendly
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social credit
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social credit

Theory that economic crises are caused by bank control of money, which leads to shortage of purchasing power. It was first put forward by Canadian C H Douglas (1879-1952), and his remedy was payment of a ‘social dividend’. There have been provincial social-credit governments in Canada, but the central government has always vetoed the plan.



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