1929 Election

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The Liberal Party and Economic Radicalisation

  • 1926-Asquith resigned after taking a position in the HoL, leaving DLG as undisputed leader of the party at 63
  • 1916 split was a blow they never really recovered from as many of their financers were switching over to Cons. or Lab.
  • The fall in liberal support was nowhere near as bad as their fall in actual seats
  • Had kept Labour in office but had gained nothing in return in Lab.'s first administration
  • The election of '24 seemed to be their end, yet the influence of DLG particularly financially (donating £400,000 from his personal fund), was enough to keep them afloat
  • DLG also led his so called 'brain trust' to create new ideas, particularly Keynes' Keynsianism, a form of economics that focused on public works programmes
  • In the manifesto he outlined his plan: £42mil. spent on main roads, £20mil. on ring roads and £37mil. on road bridges. 600,000 men a year to be taken off the dole at a cost of £250mil. to complet these projects
  • DLG and Keynes believed this would have a 'multiplier effect' on the economy and eventually the gov't. would remove…


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