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Prosperity Certificate
In 1936, the Alberta Social Credit Party-led government of the Province of Alberta, Canada, introduced prosperity certificates in an attempt to alleviate the effects of the Great Depression. Premier William Aberhart's government had won power in the 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 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 program was to encourage spending and circulation of the spending power. To achieve this, hoarding of the certificates was discou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1936 Alberta Prosperity Certificate
Events January–February * January 20 – George V of the United Kingdom and the British Dominions and Emperor of India, dies at his Sandringham Estate. The Prince of Wales succeeds to the throne of the United Kingdom as King Edward VIII. * January 28 – Britain's King George V state funeral takes place in London and Windsor. 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 I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demurrage (currency)
Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is the cost of storing and securing the gold. For paper currency, it can take the form of a periodic tax, such as a stamp tax, on currency holdings. Demurrage is sometimes cited as economically advantageous, usually in the context of complementary currency systems. Theory While demurrage is a natural feature of private commodity money, it has at various times been deliberately incorporated into currency systems as a disincentive to hoard money and to achieve more efficient allocation of capital in society. In particular, for long-term investment financing, it affects the dynamics of net present value (NPV) calculations. Demurrage in a currency system reduces discount rates, and thus increases the present value of a long-term investment, and thus gives an incentive for such investments.Bernard L ... [...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 Plain 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 whea ... [...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 1935 federal election taking many votes from the Progressive Party of Canada and the United Farmers movement. In the 1940 federal election, Socreds ran with supporters of William Duncan Herridge as 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. In the 1960s, the Québécois wing of the party split off to form the '' Ralliement créditiste''. The two wings reunited in 1971. The party ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Alberta
The economy of Alberta is the sum of all economic activity in Alberta, 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 $71.5 billion to Canada's nominal gross domestic product. According to Statistics Canada, in May 2018, the oil and gas extraction industry reached its highest proportion of Canada's national GDP since 1985, exceeding 7% and "surpass ngbanking and insurance" with extraction of non-conventional oil from the oilsands reaching an "impressive", all-time high in May 2018. With conventi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of Canada
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) 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 ... [...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 * Local government, a form of public administration, usually the lowest tier of administration * Local news, coverage of events in a local context which would not normally be of interest to those of other localities * Local union, a locally based trade union organization which forms part of a larger union Arts, entertainment, and media * Local (comics), ''Local'' (comics), a limited series comic book by Brian Wood and Ryan Kelly * Local (novel), ''Local'' (novel), a 2001 novel by Jaideep Varma * Local TV LLC, an American television broadcasting company * Locast, a non-profit streaming service offering local, over-the-air television * The Local (film), ''The Local'' (film), a 2008 action-drama film * ''The Local'', English-language news websites in several European countries Computing * .local, a network address component * L ... [...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 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." In his words, "what ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freigeld
As part of the theory of Freiwirtschaft, Freigeld ('free money', ) is a monetary (or exchange) unit proposed by Silvio Gesell. Properties Freigeld has several special properties: * It is maintained by a monetary authority to be ''spending-power stable'' (no inflation or deflation) by means of printing more money or withdrawing money from circulation. * It is ''cash flow safe'' (a scheme is put in place to ensure that the money is returned into the cash flow – for example, by demurrage – requiring stamps to be purchased and periodically attached to the money to keep it valid). * It is convertible into other currencies. * It is localized to a certain area (it is a local currency). The name results from the idea that there is no incentive to store or hoard Freigeld as it will automatically lose its value after some time. It is claimed that as a result, interest rates could decrease to zero. Theory According to Gesell, all human-produced goods are subject to expensive ... [...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, such as ... [...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 banknotes 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 capital letter or letters. * A prefix of "A" or "B" is used to insert older series which were not cataloged when the numbering system was established. * A prefix of "CS" is used for made-for-collector merchandise such as souvenir folders, uncut pairs/strips/ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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