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encouraged to spend whatever certificates they had each week, to avoid having to make too many payments of the one-percent tax. As the program intended, possessors of the certificates tried to avoid having to purchase and affix the stamps, by spending the certificates before the week's validity expired. This stamp scrip, innovated by
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A goal of the program was to encourage spending and circulation of the spending power. To achieve this, hoarding of the certificates was discouraged by requiring the holder to affix to the back of a certificate a 1¢ stamp every week for the certificate to maintain its validity. Thus people were
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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.
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The notes were intended to be redeemed after two years of issue, when 104 stamps would have been affixed. But the program was cancelled after only about one year. The notes could be returned to the government for redeeming in
Canadian currency.
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The hassle and expense of the stamps made the certificates unpopular with the public. To make matters worse, the tiny gummed postage-style stamps (smaller than 1 cm (0.16 sq in)) were prone to falling off.
62:, 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.
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89:, a chain of department stores, accepted the currency when some other merchants would not. Oddly, the currency was not accepted by the government itself for payment of taxes.
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Charlton
Standard Catalogue of Canadian Government Paper Money, ISSN 1716-0731, 18th edition, p. 13. Charlton Press.
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Bruce Allen Powe, The Social Credit
Program and the Alberta Treasury Branches, MA thesis, UofA, 1951, p. 60
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Bruce Allen Powe, The Social Credit
Program and the Alberta Treasury Branches, MA thesis, UofA, 1951
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Although not technically money, each certificate was marked with a value of one
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Another issue was finding a seller who would accept the unusual currency. The
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Alberta's prosperity certificates have never been listed in the
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Social Credit Party of Great
Britain and Northern Ireland
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36:in an attempt to alleviate the effects of the
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576:Social Credit Party of Canada split, 1963
268:Committee on Monetary and Economic Reform
566:1937 Social Credit backbenchers' revolt
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141:a 2006 $ 400 dividend to every Albertan
364:Democratic Labour Party (New Zealand)
98:Standard Catalog of World Paper Money
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328:Social Credit Party of New Brunswick
253:British Columbia Social Credit Party
384:Solomon Islands Social Credit Party
338:Social Credit Party of Saskatchewan
158:"History of Canadian Money" website
47:'s government had won power in the
28:-led government of the Province of
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405:Irish Monetary Reform Association
374:Social Credit Party (New Zealand)
634:Canadian social credit movement
308:Ralliement créditiste du Québec
415:Social Credit Party of Ireland
333:Social Credit Party of Ontario
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323:Social Credit Party of Canada
278:Manitoba Social Credit Party
248:Abolitionist Party of Canada
649:Alberta Social Credit Party
359:Country Party (New Zealand)
354:Australian League of Rights
318:Alberta Social Credit Party
26:Alberta Social Credit Party
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619:Local currencies of Canada
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298:Pilgrims of Saint Michael
20:A prosperity certificate.
49:1935 provincial election
293:Parti crédit social uni
288:Pauper Party of Ontario
34:prosperity certificates
571:Prosperity certificate
400:British People's Party
263:Christian Credit Party
87:Army & Navy Stores
51:partly on the scheme.
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303:Ralliement créditiste
32:, Canada, introduced
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624:Currencies of Canada
455:John Horne Blackmore
369:Douglas Credit Party
110:Demurrage (currency)
313:Social Credit Board
639:History of Alberta
629:Economy of Alberta
500:Robert A. Heinlein
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540:Manasseh Sogavare
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137:, also nicknamed
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450:W. A. C. Bennett
435:William Aberhart
379:Social Credit-NZ
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45:William Aberhart
38:Great Depression
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68:Silvio Gesell
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24:In 1936, the
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545:Ken Sweigard
530:Al Overfield
258:Canada Party
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550:John Turmel
490:Ron Gostick
485:A. N. Field
460:Eric Butler
139:Ralph bucks
613:Categories
535:Ezra Pound
520:Roly Marks
480:Louis Even
146:References
232:Movements
597:Politics
590:Category
120:Freigeld
104:See also
559:History
347:Oceania
42:Premier
30:Alberta
428:People
393:Europe
240:Canada
60:dollar
615::
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215:e
208:t
201:v
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