1929 Election

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…