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Prosperity Certificate
In 1936, the Alberta Social Credit Party-led government of the Province of Alberta, Canada, introduced prosperity certificates (also known as velocity dollars) in an attempt to alleviate the effects of the Great Depression in Canada, Great Depression. Premier of Alberta, Premier William Aberhart's government had won power in the 1935 Alberta general election, 1935 provincial election partly on the scheme. The certificates were not issued to the general public as Aberhart had promised in his election platform but instead were used to pay relief workers on provincial public works projects and were put into circulation via special agreements with municipalities. Although not technically money, each certificate was marked with a value of one Canadian dollar, dollar, and redeemable for $1 Canadian at the end of its life or on certain dates during the course of the program. Other certificates were in the amount of $5. $239,000 worth of scrip was issued in August 1936. A goal of the pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1936 Alberta Prosperity Certificate
Events January–February * January 20 – The Prince of Wales succeeds to the throne of the United Kingdom as King Edward VIII, following the death of his father, George V, at Sandringham House. * January 28 – Death and state funeral of George V, State funeral of George V of the United Kingdom. After a procession through London, he is buried at St George's Chapel, Windsor Castle. * February 4 – Radium E (bismuth-210) becomes the first radioactive element to be made synthetically. * February 6 – The 1936 Winter Olympics, IV Olympic Winter Games open in Garmisch-Partenkirchen, Germany. * February 10–February 19, 19 – Second Italo-Ethiopian War: Battle of Amba Aradam – Italian forces gain a decisive tactical victory, effectively neutralizing the army of the Ethiopian Empire. * February 16 – 1936 Spanish general election: The left-wing Popular Front (Spain), Popular Front coalition takes a majority. * February 26 – February 26 Incident (二・二六事件, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demurrage Currency
Demurrage currency, also known as depreciating money or stamp scrip in its paper money form, is a type of money that is designed to gradually lose purchasing power at a flat constant rate. Unlike traditional money, demurrage is designed to only be a ''temporary'' store of value. Demurrage money functions primarily as a medium of exchange and unit of account. In some cases, demurrage currencies have been employed as emergency currencies, intended to keep the circular flow of income running throughout the economy during recessions and times of war, due to their faster circulation velocities. Demurrage is sometimes cited as economically advantageous, usually in the context of complementary currency systems. The German-Argentine economist, Silvio Gesell, advocated for demurrage currency as part of the Freiwirtschaft economic system. He referred to demurrage as '' Freigeld'' 'free money' — "free" because it would be freed from hoarding and interest. Gesell theorized that Freigeld ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Alberta
The province of Alberta, Canada, has a history and prehistory stretching back thousands of years. The ancestors of today's First Nations in Alberta arrived in the area by at least 10,000 BC according to the Bering land bridge theory. Southerly tribes, the Plains Indians, such as the Blackfoot, Blood, and Peigans eventually adapted to seminomadic plains bison hunting, originally without the aid of horses, but later with horses that Europeans had introduced. Recorded or written history begins with the arrival of Europeans. The rich soil was ideal for growing wheat and the vast prairie grasslands were great for raising cattle. The coming of the railways in the late 19th century led a to large-scale migration of farmers and cattleman from Eastern Canada, the United States, and Europe. Wheat and cattle remain important, but the farms are much larger now and the rural population much smaller. Alberta has urbanized and its economic base has expanded from the export of wheat and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Social Credit Movement
The Canadian social credit movement is a political movement originally based on the Social Credit theory of Major C. H. Douglas. Its supporters were colloquially known as Socreds in English and créditistes in French. It gained popularity and its own political party in the 1930s, as a result of the Great Depression. Federal politics The Western Social Credit League, an outgrowth of Alberta Social Credit, ran candidates in the Canadian federal election, 1935, 1935 federal election taking many votes from the Progressive Party of Canada and the United Farmers of Canada, United Farmers movement. In the 1940 Canadian federal election, 1940 federal election, Socreds ran with supporters of William Duncan Herridge as New Democracy (Canada), New Democracy, but reverted to the Social Credit name in subsequent elections with the Social Credit Association of Canada being officially formed in 1944. The party was generally fairly small, and gradually declined. The party won its last federal se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Alberta
The economy of Alberta is the sum of all economic activity in Alberta, Population of Canada by province and territory, Canada's fourth largest province by population. Alberta's GDP in 2018 was CDN$338.2 billion. Although Alberta has a presence in many industries such as agriculture, forestry, education, tourism, finance, and manufacturing, the politics and culture of the province have been closely tied to the production of fossil energy since the 1940s. Alberta—with an estimated 1.4 billion cubic metres of unconventional oil resource in the bituminous oil sands—leads Canada as an oil producer. In 2018, Alberta's energy sector contributed over $71.5 billion to Canada's nominal gross domestic product. According to Statistics Canada, in May 2018, the oil and gas extraction industry reached its highest proportion of Canada's national GDP since 1985, exceeding 7% and "surpass[ing] banking and insurance" with extraction of non-conventional oil from the oilsands reaching an "impre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of Canada
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article use ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Currencies Of Canada
Local may refer to: Geography and transportation * Local (train), a train serving local traffic demand * Local, Missouri, a community in the United States Arts, entertainment, and media * ''Local'' (comics), a limited series comic book by Brian Wood and Ryan Kelly * ''Local'' (novel), a 2001 novel by Jaideep Varma * ''The Local'' (film), a 2008 action-drama film * ''The Local'', English-language news websites in several European countries Computing * .local, a network address component Mathematics * Local property, a property which occurs on ''sufficiently small'' or ''arbitrarily small'' neighborhoods of points * Local ring, type of ring in commutative algebra Other uses * Pub, a drinking establishment, known as a "local" to its regulars See also * * * Local group (other) * Locale (other) * Localism (other) * Locality (other) * Localization (other) * Locus (other) * Lokal (other) Lokal may refer to: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prosperity Bonus
Alberta's Prosperity Bonus, nicknamed Ralph bucks after then-premier Ralph Klein, was a one-time $400 payment paid out to almost 3 million Albertan residents in 2006. The Government of Alberta paid a dividend to residents of Alberta due to a massive oil-fuelled provincial budget surplus. Background - 2004 general election Notice for Klein's prosperity bonus would come less than a year following the 2004 Alberta general election which saw the Progressive Conservative Party of Alberta elected for the tenth consecutive majority government, and Klein continuing as Premier for the fourth straight term. Despite retaining power in Alberta, the election revealed weakness in the popularity of Premier Klein and the Progressive Conservative Party. Their share of the popular vote dropped from 61.9% in 2001 to 46.8%. Prosperity bonus announcement In September 2005, Alberta Premier Ralph Klein announced in an open letter to Albertans that the province was expecting significant higher than e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Credit
Social credit is a distributive philosophy of political economy developed in the 1920s and 1930s by C. H. Douglas. Douglas attributed economic downturns to discrepancies between the cost of goods and the compensation of the workers who made them. To combat what he saw as a chronic deficiency of purchasing power in the economy, Douglas prescribed government intervention in the form of the issuance of debt-free money directly to consumers or producers (if they sold their product below cost to consumers) in order to combat such discrepancy. In defence of his ideas, Douglas wrote that "Systems were made for men, and not men for systems, and the interest of man which is self-development, is above all systems, whether theological, political or economic." Douglas said that Social Crediters want to build a new civilization based upon " absolute economic security" for the individual, where "they shall sit every man under his vine and under his fig tree; and none shall make them afraid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Currency
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Terminology Some definitions: * Complementary currency – is used as a complement to a national currency, as a medium of exchange, which is usually not legal tender. * Community currency – a complementary currency used by a group with a Common bond of ass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Catalog Of World Paper Money
The ''Standard Catalog of World Paper Money'' was a well-known catalogue of banknote A banknote or bank notealso called a bill (North American English) or simply a noteis a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commerc ...s that was published by Krause Publications in three volumes. These catalogues are commonly known in the numismatic trade as the Pick catalogues, as the numbering system was originally compiled by Albert Pick, but are also referred to as "Krause" or "SCWPM". Since the mid-1980s the titles have been owned by Krause Publications, and from 1994–2016 were under the editorship of George S. Cuhaj, and subsequently by Tracy L. Schmidt. Numbering system The numbering system uses an integer to identify a note. The sorting of notes is usually by issue series/date, then ascending by denomination. Some varieties also have an alphabetic prefix, with a capi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alberta Social Credit Party
Alberta Social Credit was a provincial political party in Alberta, Canada, that was founded on social credit monetary policy put forward by C.H. Douglas, Clifford Hugh Douglas and on conservative Christian social values. The Canadian social credit movement was largely an out-growth of Alberta Social Credit. The Social Credit Party of Canada was strongest in Alberta, before developing a base in Quebec when Réal Caouette agreed to merge his Ralliement créditiste movement into the federal party. The British Columbia Social Credit Party formed the government for many years in neighbouring British Columbia, although this was effectively a coalition of centre-right forces in the province that had no interest in social credit monetary policies. The Alberta Social Credit party won a majority government in 1935, in the first election it contested, barely months after its formation. During its first years, when led by William Aberhart, it was a radical monetary reform party, at least in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
