Monetary reform in Britain facts for kids
Monetary reform is about changing how a country's money system works. It looks at how money is created, how banks lend money, and how the economy is funded. The goal is often to make the system fairer or more stable for everyone.
Contents
History of Money Reform Ideas
Early Ideas: C. H. Douglas and Social Credit
Around 1920, a British engineer named C. H. Douglas came up with a new way of thinking about banks and how wealth should be shared. He called his idea "Social Credit". This idea soon became the base for a worldwide movement.
Douglas believed that systems should serve people, not the other way around. He thought that people's personal growth was more important than any system, whether it was about religion, politics, or money. His main goal was to give more economic and political power to individuals.
Newer Ideas and Discussions
In 1998, a book called The Grip of Death by Michael Rowbotham was published. This book criticized the banking system and how global trade worked. It also questioned strategies that focused only on economic growth. Many people read the book, and it was reviewed in several magazines.
Some people in Britain who want to change the money system, like Michael Rowbotham, were influenced by the Social Credit movement.
The Money Reform Party was a political group started in 2005 by Anne Belsey. It aimed to change how money is created. The party was active for a few years but stopped in 2014. An author named Mark Braund suggested looking at the party's website because it explained how money is made and its effects on society.
See also
- List of monetary reformers
- Universal basic income in the United Kingdom
