Social Credit Party

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About Social Credit Party

The New Zealand Social Credit Party (sometimes called "Socred") was a political party which served as the country's "third party" from the 1950s through into the 1980s. The party held a number of seats in the Parliament of New Zealand, although never more than two at a time. It has since renamed itself the New Zealand Democratic Party, and was for a time part of the Alliance. The party was based around the ideas of Social Credit, an economic theory established by C. H. Douglas. Social Credit movements also existed in Australia (see: Douglas Credit Party & Australian League of Rights), Canada (see: Canadian social credit movement), and the United Kingdom (see: UK Social Credit Party) although the relationship between those movements and the New Zealand movement was not always good. Before the founding of the Social Credit party in 1953, there was the Social Credit Association. The Association focused most of its efforts on the Country Party and New Zealand Labour Party, where they attempted to influence policy. Roly Marks stood as a monetary reform candidate for Wanganui in the 1943 general election, and was later made a life member of the League. Social Credit claimed that the

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