ABSTRACT
Baldwin’s appointment of Churchill as his Chancellor caught everyone, even Churchill, by surprise. In comparison with most of his new Cabinet colleagues he had the most political experience behind him. Yet he was not an economist. This, and the fact that he had been out of political favour since 1922, meant he was more willing than usual to follow orthodox policies. Churchill was anxious to prove to his readopted party that he was politically sound and deserving of their trust.
