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146-583: Robert Walpole, 1st Earl of Orford (26 August 1676 – 18 March 1745), known between 1725 and 1742 as Sir Robert Walpole , was a British Whig politician who served as Prime Minister of Great Britain from 1721 to 1742. He also served as First Lord of the Treasury , Chancellor of the Exchequer , and Leader of the House of Commons , and is generally regarded as the de facto first prime minister of Great Britain. Although

292-511: A "party" in the modern sense. They had no definite programme or policy and were by no means even united. Generally, they stood for reducing crown patronage, sympathy towards nonconformists , support for the interests of merchants and bankers and a leaning towards the idea of a limited reform of the voting system. Most Whig leaders, such as Lord Grey , Lord Grenville , Lord Althorp , William Lamb (later Lord Melbourne ) and Lord John Russell , were still rich landowners. The most prominent exception

438-555: A Tory and Fox as a Whig, Pitt always considered himself to be an independent Whig and generally opposed the development of a strict partisan political system. Fox's supporters saw themselves as legitimate heirs of the Whig tradition and they strongly opposed Pitt in his early years in office, notably during the regency crisis revolving around the King's temporary insanity in 1788–1789, when Fox and his allies supported full powers as regent for their ally,

584-616: A Tory-dominated House of Commons but upon the accession of William III in 1688 a new Act was passed that prohibited the importation of French goods. In 1704, the Whigs passed the Trade with France Act that renewed protectionism against France. In 1710, Queen Anne appointed the predominantly Tory Harley Ministry , which favoured free trade. When the Tory minister Lord Bolingbroke proposed a commercial treaty with France in 1713 that would have led to freer trade,

730-693: A bridge between the King and Parliament, just as Walpole had done. During this time, Walpole also made two interventions in the Lords. The first was in January 1744 in the debate on Hanoverian troops being kept in British pay. Walpole prevented them from losing the troops. In his second intervention, Walpole, with fear of a Jacobite-inspired invasion in February 1744, made a speech on the situation. Frederick, Prince of Wales, usually hostile to Walpole, warmly received him at his court

876-490: A captain of the guard (John Porteous) who had commanded his troops to shoot a group of protesters. Though these events diminished Walpole's popularity, they failed to shake his majority in Parliament. Walpole's domination over the House of Commons was highlighted by the ease with which he secured the rejection of Sir John Barnard's plan to reduce the interest on the national debt. Walpole was also able to persuade Parliament to pass

1022-776: A central role in the Glorious Revolution of 1688 and were the standing enemies of the Roman Catholic Stuart kings and pretenders . The period known as the Whig Supremacy (1714–1760) was enabled by the Hanoverian succession of George I in 1714 and the failure of the Jacobite rising of 1715 by Tory rebels. The Whigs took full control of the government in 1715 and thoroughly purged the Tories from all major positions in government,

1168-553: A chance to die down. When it met in October 1680, an Exclusion Bill was introduced and passed in the Commons without major resistance, but was rejected in the Lords. Charles dissolved Parliament in January 1681, but the Whigs did not suffer serious losses in the ensuing election. The next Parliament first met in March at Oxford, but Charles dissolved it after only a few days, when he made an appeal to

1314-402: A coarse wit, which he was too free of for a man in his station, as it is always inconsistent with dignity. He was very able as a Minister, but without a certain elevation of mind ... He was both the ablest Parliament man, and the ablest manager of a Parliament, that I believe ever lived ... Money, not prerogative, was the chief engine of his administration, and he employed it with a success that in

1460-849: A committee investigated the scandal, finding that there was corruption on the part of many in the Cabinet. Among those implicated were John Aislabie (the Chancellor of the Exchequer), James Craggs the Elder (the Postmaster General ), James Craggs the Younger (the Southern Secretary ), and even Lords Stanhope and Sunderland (the heads of the Ministry). Both Craggs the Elder and Craggs the Younger died in disgrace;

1606-520: A considerable element of his Whig Party to the Opposition. After the general elections of 1734, Walpole's supporters still formed a majority in the House of Commons although they were less numerous than before. He maintained both his parliamentary supremacy and his popularity in Norfolk , his home county. In May 1734, he presented a new silver mace "weighing 168 ounces, gilt, and finely exchased, to

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1752-427: A major battle to impose excise taxes on wine and tobacco. To reduce the threat of smuggling, the tax was to be collected not at ports but at warehouses. This new proposal, however, was extremely unpopular and aroused the opposition of the nation's merchants. Walpole agreed to withdraw the bill before Parliament voted on it, but he dismissed the politicians who had dared to oppose it in the first place. Thus, Walpole lost

1898-465: A manner disgraced humanity ... When he found any body proof, against pecuniary temptations, which alass! was but seldom, he had recourse to still a worse art. For he laughed at and ridiculed all notions of publick virtue, and the love of one's country, calling them the chimerical school boy flights of classical learning ; declaring himself at the same time, no Saint, no Spartan, no reformer . He would frequently ask young fellows at their first appearance in

2044-454: A member of the local gentry and a Whig politician who represented the borough of Castle Rising in the House of Commons . His wife Mary Burwell was the daughter and heiress of Sir Geoffrey Burwell of Rougham, Suffolk . Horatio Walpole, 1st Baron Walpole , was his younger brother. As a child, Walpole attended a private school at Massingham, Norfolk . Walpole entered Eton College in 1690 where he

2190-415: A minor insignificant faction, and the Whigs became a dominant and largely unopposed party. His influence on the development of the uncodified constitution of Great Britain was less momentous, even though he is regarded as Great Britain's first prime minister. He relied primarily on the favour of the King, rather than the support of the House of Commons. His power stemmed from his personal influence instead of

2336-418: A national network of newspapers and magazines as well as local clubs to deliver their message. The press organised petitions and debates and reported to the public on government policy, while leaders such as Henry Brougham (1778–1868) built alliances with men who lacked direct representation. This new approach to the grass roots helped to define Whiggism and opened the way for later success. Whigs thereby forced

2482-516: A new system emerged with two separate opposition groups. The Rockingham Whigs claimed the mantle of Old Whigs as the purported successors of the party of the Pelhams and the great Whig families. With such noted intellectuals as Edmund Burke behind them, the Rockingham Whigs laid out a philosophy which for the first time extolled the virtues of faction, or at least their faction. The other group were

2628-509: A polarising figure, had many opponents, the most important of whom were in the Country Party , such as Lord Bolingbroke (who had been his political enemy since the days of Queen Anne) and William Pulteney (a capable Whig statesman who felt snubbed when Walpole failed to include him in the Cabinet). Bolingbroke and Pulteney ran a periodical called The Craftsman in which they incessantly denounced

2774-412: A song named "Doing It for the Whigs". Share (finance) The income received from the ownership of shares is a dividend . There are different types of shares such as equity shares, preference shares, deferred shares, redeemable shares, bonus shares, right shares, and employee stock option plan shares. Shares are valued according to the various principles in different markets , but a basic premise

2920-713: A strong presidency , initially the presidency of Andrew Jackson , analogous to the British Whig opposition to a strong monarchy. The True Whig Party , which for a century dominated Liberia , was named for the American party rather than directly for the British one. Dickinson reports the following: All historians are agreed that the Tory party declined sharply in the late 1740s and 1750s and that it ceased to be an organized party by 1760. The research of Sir Lewis Namier and his disciples [...] has convinced all historians that there were no organized political parties in Parliament between

3066-467: A struggle between the Whigs and the government, Walpole became the intermediary for reconciling the government to the Whig leaders. His abilities were recognised by Lord Godolphin (the Lord High Treasurer and leader of the Cabinet) and he was subsequently appointed to the position of Secretary at War in 1708; for a short period of time in 1710 he also simultaneously held the post of Treasurer of

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3212-443: A system. Such was their cant. But he was far from governing by corruption. He governed by party attachments. The charge of systematic corruption is less applicable to him, perhaps, than to any minister who ever served the crown for so great a length of time. He gained over very few from the Opposition. Without being a genius of the first class, he was an intelligent, prudent, and safe minister. He loved peace; and he helped to communicate

3358-523: Is a deficit of trade with France was bad because it would enrich France at England's expense. In 1678, the Whigs passed the Prohibition of 1678 that banned certain French goods from being imported into England. The economic historian William Ashley claimed that this Act witnessed the "real starting-point in the history of Whig policy in the matter of trade". It was repealed upon the accession of James II by

3504-430: Is also the concept of a deemed dividend , which is not tax free. Further, Indian tax laws include provisions to stop dividend stripping . Historically, investors were given share certificates as evidence of their ownership of shares. In modern times, certificates are not always given and ownership may be recorded electronically by a system such as CREST or DTCC , a central securities depository . As of May 2022,

3650-434: Is that a share is worth the price at which a transaction would be likely to occur were the shares to be sold. The liquidity of markets is a major consideration as to whether a share is able to be sold at any given time. An actual sale transaction of shares between buyer and seller is usually considered to provide the best prima facie market indicator as to the "true value" of shares at that particular time. A minority discount

3796-489: Is usually applied when valuing a minority shareholding (less than 50%), where ownership of the shares offers limited control over the business if this is held by a majority shareholder. Tax treatment of dividends varies between tax jurisdictions. For instance, in India , dividends are tax free in the hands of the shareholder up to INR 1 million, but the company paying the dividend has to pay dividend distribution tax at 12.5%. There

3942-625: The Duke of Bedford and elements of that which had been led by George Grenville , it also contained elements of the Kings' Men, the group formerly associated with Lord Bute and which was generally seen as Tory-leaning. The association of Toryism with Lord North's government was also influential in the American colonies and writings of British political commentators known as the Radical Whigs did much to stimulate colonial republican sentiment. Early activists in

4088-573: The Duke of Monmouth , being implicated, fled to and regrouped in the United Provinces . Algernon Sidney , Sir Thomas Armstrong and William Russell, Lord Russell , were executed for treason. The Earl of Essex committed suicide in the Tower of London over his arrest for treason, whilst Lord Grey of Werke escaped from the Tower. After the Glorious Revolution of 1688, Queen Mary II and King William III governed with both Whigs and Tories, despite

4234-626: The Earl of Shelburne , took its place. After Rockingham's unexpected death in July 1782, this uneasy coalition fell apart, with Charles James Fox , Rockingham's successor as faction leader, quarrelling with Shelburne and withdrawing his supporters from the government. The following Shelburne administration was short-lived and Fox returned to power in April 1783, this time in an unexpected coalition with his old enemy Lord North. Although this pairing seemed unnatural to many at

4380-459: The Glorious Revolution (1688). He established stable political supremacy for the Whig party and taught succeeding ministers how best to establish an effective working relationship between Crown and Parliament". Some scholars rank him highly among British prime ministers. Walpole was born in Houghton, Norfolk , in 1676. One of 19 children, he was the third son and fifth child of Robert Walpole ,

4526-596: The Licensing Act of 1737 under which London theatres were regulated. The Act revealed a disdain for Swift, Pope, Fielding, and other literary figures who had attacked his government in their works. While the " country party " attacked Walpole relentlessly, he subsidised writers and lesser-known journalists such as William Arnall and Bishop Benjamin Hoadly as well as two men he named to the role of poet laureate , Laurence Eusden and Colley Cibber . They defended Walpole from

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4672-571: The Peerage Bill , which would have limited the power of the monarch to create new peerages . Walpole brought about a temporary abandonment of the bill in 1719 and the outright rejection of the bill by the House of Commons. This defeat led Stanhope and Sunderland to reconcile with their opponents; Walpole returned as Paymaster of the Forces and Townshend was appointed Lord President of the Council . By accepting

4818-519: The Prince of Wales . The opposition Whigs were split by the onset of the French Revolution . While Fox and some younger members of the party such as Charles Grey and Richard Brinsley Sheridan were sympathetic to the French revolutionaries, others led by Edmund Burke were strongly opposed. Although Burke himself was largely alone in defecting to Pitt in 1791, much of the rest of the party, including

4964-483: The Prince of Wales . Following his success in defeating the government over the Peerage Bill in 1719, Walpole was invited back into government the following year. He was able to defend the government in the Commons when the South Sea Bubble collapsed. When Stanhope died unexpectedly in 1721, Walpole replaced him as leader of the government and became known as the first Prime Minister . In the 1722 general election

5110-841: The Tories . The Whigs became the Liberal Party when the faction merged with the Peelites and Radicals in the 1850s. Many Whigs left the Liberal Party in 1886 over the issue of Irish Home Rule to form the Liberal Unionist Party , which merged into the Conservative Party in 1912. The Whigs began as a political faction that opposed absolute monarchy and Catholic emancipation , supporting constitutional monarchism and parliamentary government , but also Protestant supremacy. They played

5256-566: The Tory party as treasonous Jacobites , and the Septennial Act ensured that the Whigs became the dominant party, establishing the Whig oligarchy. Between 1717 and 1720 the Whig Split led to a division in the party. Government Whigs led by the former soldier James Stanhope were opposed by Robert Walpole and his allies. While Stanhope was backed by George I, Walpole and his supporters were closer to

5402-717: The War of the Polish Succession in 1733, because it was a dispute between the Bourbons and the Habsburgs. He boasted, "There are 50,000 men slain in Europe this year, and not one Englishman." By avoiding wars, Walpole could lower taxes. He reduced the national debt with a sinking fund, and by negotiating lower interest rates. He reduced the land tax from four shillings in 1721, to 3s in 1728, 2s in 1731 and finally to only 1s in 1732. His long-term goal

5548-480: The West Indies . Walpole attempted to prevent war but was opposed by the King, the House of Commons, and by a faction in his own Cabinet. In 1739 Walpole abandoned all efforts to stop the conflict and commenced the War of Jenkins' Ear (so called because Robert Jenkins , a Welsh mariner, claimed that a Spaniard inspecting his vessel had severed his ear). Walpole's influence continued to dramatically decline even after

5694-537: The aristocratic families, the continued disenfranchisement of Catholics and toleration of nonconformist Protestants ( dissenters such as the Presbyterians), while the Tories generally favoured the minor gentry and people who were ( relatively speaking ) smallholders; they also supported the legitimacy of a strongly established Church of England . (The so-called High Tories preferred high church Anglicanism, or Anglo-Catholicism . Some, particularly adherents of

5840-576: The colonies called themselves Whigs, seeing themselves as in alliance with the political opposition in Britain, until they turned to independence and started emphasising the label Patriots . In contrast, the American Loyalists , who supported the monarchy, were consistently also referred to as Tories. Later, the United States Whig Party was founded in 1833 on the basis of opposition to

5986-404: The non-juring schism , openly or covertly supported the exiled House of Stuart 's claim to the throne—a position known as Jacobitism .) Later, the Whigs came to draw support from the emerging industrial reformists and the mercantile class while the Tories came to draw support from farmers, landowners, royalists and (relatedly) those who favoured imperial military spending. By the first half of

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6132-666: The "Whigs". In The History of England , c.  1760 , David Hume wrote: The court party reproached their antagonists with their affinity to the fanatical conventiclers in Scotland, who were known by the name of Whigs: The country party found a resemblance between the courtiers and the popish banditti in Ireland, to whom the appellation of Tory was affixed. And after this manner, these foolish terms of reproach came into public and general use; and even at present seem not nearer their end than when they were first invented. The precursor to

6278-542: The 1713 Treaty of Utrecht , which they attempted to block through their majority in the House of Lords . The Tory administration led by Harley and the Viscount Bolingbroke persuaded the Queen to create twelve new Tory peers to force the treaty through. The Whigs primarily advocated the supremacy of Parliament, while calling for toleration for Protestant dissenters. They adamantly opposed a Catholic as king. They opposed

6424-558: The 1720s and 1730s in building up a collection of Old Masters from all over Europe. Walpole also concerned himself with estate matters. His health, never good, deteriorated rapidly toward the end of 1744. Walpole died in London on 18 March 1745 from a bladder stone, aged 68 years, and was buried at the Church of St Martin at Tours on the Haughton estate. His earldom passed to his eldest son Robert who

6570-511: The 18th century. The year 1737 saw the death of Walpole's close friend Queen Caroline . Though her death did not end his personal influence with George II, who had grown loyal to the Prime Minister during the preceding years, Walpole's domination of government continued to decline. His opponents acquired a vocal leader in the Prince of Wales who was estranged from his father, the King. Several young politicians including William Pitt

6716-429: The 19th century, the Whig manifesto had come to encompass the supremacy of parliament , the abolition of slavery , the expansion of the franchise (suffrage) and an acceleration of the move toward complete equal rights for Catholics (a reversal of the party's late-17th-century position, which had been militantly anti-Catholic ). The term Whig began as a short form of whiggamore , a term originally used by people in

6862-720: The British Empire with the Slavery Abolition Act 1833 . It purchased and freed the slaves, especially those in the Caribbean sugar islands. After parliamentary investigations demonstrated the horrors of child labour, limited reforms were passed in 1833. The Whigs also passed the Poor Law Amendment Act 1834 that reformed the administration of relief to the poor and the Marriage Act 1836 that allowed civil marriages. It

7008-614: The Caribbean, and South America. The speculative market for slaves, rum, and mahogany spawned a frenzy that had ramifications throughout Europe when it collapsed. However, Walpole had bought at the bottom and sold at the top, adding greatly to his inherited wealth and allowing him to create Houghton Hall as seen today. Walpole's political career began in January 1701 when he won a seat in the English general election at Castle Rising in Norfolk. He left Castle Rising in 1702 so that he could represent

7154-553: The Catholic Church because they saw it as a threat to liberty, or as Pitt the Elder stated: "The errors of Rome are rank idolatry, a subversion of all civil as well as religious liberty, and the utter disgrace of reason and of human nature". Ashcraft and Goldsmith (1983) have traced in detail, in the period 1689 to 1710, the major influence of the liberal political ideas of John Locke on Whig political values, as expressed in widely cited manifestos such as "Political Aphorisms: or,

7300-450: The Church of England, opposed to a Whig". He linked 18th-century Whiggism with 17th-century revolutionary Puritanism, arguing that the Whigs of his day were similarly inimical to the established order of church and state. Johnson recommended that strict uniformity in religious externals was the best antidote to the objectionable religious traits that he linked to Whiggism. At their inception,

7446-702: The Elder and George Grenville formed a faction known as the " Patriot Boys " and joined the Prince of Wales in opposition. Walpole's failure to maintain a policy of avoiding military conflict eventually led to his fall from power. Under the Treaty of Seville (1729) , Great Britain agreed not to trade with the Spanish colonies in North America. Spain claimed the right to board and search British vessels to ensure compliance with this provision. Disputes, however, broke out over trade with

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7592-402: The Exchequer after the South Sea Bubble stock-market crisis drew attention to perceived protection of political allies by Walpole. Historian H. T. Dickinson sums up his historical role by saying that "Walpole was one of the greatest politicians in British history. He played a significant role in sustaining the Whig party, safeguarding the Hanoverian succession, and defending the principles of

7738-413: The Forces in a Cabinet nominally led by Charles Montagu, 1st Earl of Halifax , but actually dominated by Charles Townshend, 2nd Viscount Townshend (Walpole's brother-in-law), and James Stanhope (later 1st Earl Stanhope) . Walpole was also appointed chairman of a secret committee formed to investigate the actions of the previous Tory ministry in 1715. Robert Harley, 1st Earl of Oxford and Earl Mortimer ,

7884-484: The House of Commons was prepared to determine the validity of a by-election in Chippenham , Walpole and others agreed to treat the issue as a motion of no confidence . As Walpole was defeated on the vote, he agreed to resign from the Government. The news of the naval disaster against Spain in the Battle of Cartagena de Indias also prompted the end of his political career. King George II wept on his resignation and begged to see him frequently. As part of his resignation

8030-483: The Junto led to a split among the Whigs, with the so-called Country Whigs seeing the Junto as betraying their principles for office. The Country Whigs, led by Robert Harley , gradually merged with the Tory opposition in the later 1690s. Although William's successor Anne had considerable Tory sympathies and excluded the Junto Whigs from power, after a brief and unsuccessful experiment with an exclusively Tory government she generally continued William's policy of balancing

8176-439: The King agreed to elevate him to the House of Lords as the Earl of Orford , Viscount Walpole and Baron Walpole of Houghton in the County of Norfolk, this occurred on 6 February 1742. Five days later he formally relinquished the seals of office. Although no longer First Lord of the Treasury, Walpole remained politically involved as an advisor. His former colleagues were still pleased to see him, perhaps in part because he retained

8322-433: The Navy . Despite his personal clout, however, Walpole could not stop Lord Godolphin and the Whigs from pressing for the prosecution of Henry Sacheverell , a minister who preached anti-Whig sermons. The trial was extremely unpopular with much of the country, causing the Sacheverell riots , and was followed by the downfall of the Duke of Marlborough and the Whig Party in the general election of 1710. The new ministry, under

8468-403: The Northern Department and controlled the nation's foreign affairs. The two also had to contend with the Secretary of State for the Southern Department, Lord Carteret . Townshend and Walpole were thus restored to power and "annihilated the opposing faction". Under the guidance of Walpole, Parliament attempted to deal with the financial crisis brought on by the South Sea Bubble . The estates of

8614-474: The Prime Minister's policies. Walpole was also satirised and parodied extensively; he was often compared to the criminal Jonathan Wild as, for example, John Gay did in his farcical Beggar's Opera . Walpole's other enemies included Jonathan Swift , Alexander Pope , Henry Fielding , and Samuel Johnson . Walpole secured the support of the people and of the House of Commons with a policy of avoiding war. He used his influence to prevent George II from entering

8760-425: The Prince of Wales (later George II ), included William Pulteney, 1st Earl of Bath , Secretary at War; General Lumley; General Erle; and Sir Philip Meadowes , Controller of the Army and Knight Marshal of the King's Palace, whose daughter, Mary Meadows, was maid-of-honour to Walpole's friend, Queen Caroline . A keen huntsman, Walpole built for himself Great Lodge (Old Lodge) in Richmond Park . Philip Medows,

8906-400: The Tower he was regarded as a political martyr, and visited by all the Whig leaders. After he was released, Walpole wrote and published anonymous pamphlets attacking the Harley ministry and assisted Sir Richard Steele in crafting political pamphlets. Walpole was re-elected for King's Lynn in 1713. Queen Anne died in 1714. Under the Act of Settlement 1701 , which excluded Roman Catholics from

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9052-436: The True Maxims of Government Displayed", an anonymous pamphlet that appeared in 1690 and was widely cited by Whigs. The 18th-century Whigs borrowed the concepts and language of universal rights employed by political theorists Locke and Algernon Sidney (1622–1682). By the 1770s the ideas of Adam Smith , a founder of classical liberalism became important. As Wilson and Reill (2004) note: "Adam Smith's theory melded nicely with

9198-465: The Whig Party ( blue and buff , a yellow-brown colour named after buff leather ) were particularly associated with Charles James Fox . Poet Robert Burns in "Here's a health to them that's awa" wrote: It's guid to support Caledonia's cause And bide by the Buff and the Blue. "The British Whig March" for piano was written by Oscar Telgmann in Kingston, Ontario , c.  1900 . Punk band The Men That Will Not Be Blamed for Nothing have

9344-440: The Whig Party's hold on power remained strong for many years thereafter. Thus historians have called the period from roughly 1714 to 1783 the "long period of Whig oligarchy". During the American Revolution , the Whigs were the party more sympathetic to American independence and the creation of a democracy in the United States. By 1784, both the Whigs and Tories had become formal political parties, with Charles James Fox becoming

9490-494: The Whigs swept to a decisive victory. Between 1714 and 1760, the Tories struggled as an active political force, but always retained a considerable presence in the House of Commons . The governments of Walpole, Henry Pelham and his older brother the Duke of Newcastle dominated between 1721 and 1757 (with a brief break during the also-Whig Carteret ministry ). The leading entities in these governments consistently referred to themselves as "Whigs". This arrangement changed during

9636-406: The Whigs was Denzil Holles ' parliamentarian faction, which was characterised by its opposition to absolute monarchism . Under Lord Shaftesbury's leadership, the Whigs (also known as the Country Party) sought to exclude the Duke of York (who later became King James II) from the throne due to his Roman Catholicism, his favouring of monarchical absolutism, and his connections to France. They believed

9782-440: The Whigs were protectionist in economic policy, with free trade policies being advocated by Tories. The Whigs were opposed to the pro-French policies of the Stuart kings Charles II and James II as they believed that such an alliance with the Catholic absolute monarchy of France endangered liberty and Protestantism. The Whigs claimed that trade with France was bad for England and developed an economic theory of overbalance, that

9928-519: The Whigs were vehemently against it and it had to be abandoned. In 1786, Pitt's government negotiated the Eden Agreement , a commercial treaty with France which led to freer trade between the two countries. All of the Whig leaders attacked this on traditional Whig anti-French and protectionist grounds. Fox claimed that France was England's natural enemy and that it was only at Britain's expense that she could grow. Edmund Burke , Richard Sheridan , William Windham and Charles Grey all spoke out against

10074-462: The Whigs, especially as her personal relationship with the Duchess of Marlborough deteriorated. This situation also became increasingly uncomfortable to many of the non-Junto Whigs, led by the Duke of Somerset and the Duke of Shrewsbury , who began to intrigue with Robert Harley's Tories. In the spring of 1710, Anne dismissed Godolphin and the Junto ministers, replacing them with Tories. The Whigs now moved into opposition and particularly decried

10220-482: The administration. On 3 April 1721 he was appointed First Lord of the Treasury, Chancellor of the Exchequer and Leader of the House of Commons. Walpole's de facto tenure as "prime minister" is often dated to his appointment as First Lord of the Treasury in 1721, though he himself rejected that title (it was originally a term of abuse), stating in 1741: "I unequivocally deny that I am sole and prime minister." His brother-in-law Lord Townshend served as Secretary of State for

10366-422: The army, the Church of England , the legal profession, and local political offices. The first great leader of the Whigs was Robert Walpole , who maintained control of the government from 1721 to 1742, and whose protégé, Henry Pelham , led the government from 1743 to 1754. Great Britain approximated a one-party state under the Whigs until King George III came to the throne in 1760 and allowed Tories back in. But

10512-429: The charge of evil political corruption by arguing that corruption is the universal human condition. Furthermore, they argued, political divisiveness was also universal and inevitable because of selfish passions that were integral to human nature. Arnall argued that government must be strong enough to control conflict, and in that regard, Walpole was quite successful. This style of "court" political rhetoric continued through

10658-462: The city of Norwich – on the cup part of it are Sir Robert's arms, and the arms of the city; it was first carried before Mayor Philip Meadows Esq. on the 29th of May". However, despite these great occasions, Walpole's broader popularity had begun to wane. In 1736 an increase in the tax on gin inspired riots in London. The even more serious Porteous riots broke out in Edinburgh after the King pardoned

10804-537: The coalition, the Whiggish elements of the new party progressively lost influence during the long leadership of former Peelite William Ewart Gladstone. Subsequently, the majority of the old Whig aristocracy broke from the party over the issue of Irish home rule in 1886 to help form the Liberal Unionist Party , which in turn would merge with the Conservative Party by 1912. However, the Unionist support for trade protection in

10950-569: The complex and changing factional politics of the Restoration into the neat categories of 19th-century political divisions. In 1836, a private gentleman's Club was constructed in Pall Mall , Piccadilly as a consequence of the successful Reform Act 1832 . The Reform Club was founded by Edward Ellice Sr. , MP for Coventry and Whig Whip , whose riches came from the Hudson's Bay Company but whose zeal

11096-463: The controversy over Wood's Halfpence and support Drapier's Letters behind the scenes and cause harm to Walpole's power. Walpole was able to recover from these events by removing the patent. However, Irish sentiment was situated against the English control. Townshend, working with the king, helped keep Great Britain at peace, especially by negotiating a treaty with France and Prussia in 1725. Walpole

11242-564: The country against the Whigs and determined to rule without Parliament. In February, Charles had made a deal with the French King Louis XIV , who promised to support him against the Whigs. Without Parliament, the Whigs gradually crumbled, mainly due to government repression following the discovery of the Rye House Plot . The Whig peers, the Earl of Melville , the Earl of Leven , and Lord Shaftesbury , and Charles II's illegitimate son

11388-610: The decline of the Liberal Party in the early 20th century, it was de rigueur for Liberal MPs and peers to be members of the Reform Club, being regarded as an unofficial party headquarters. However, in 1882 the National Liberal Club was established under William Ewart Gladstone 's chairmanship, designed to be more "inclusive" towards Liberal grandees and activists throughout the United Kingdom. The Liberal Party (the term

11534-564: The defeat of the rebellion of 1745 . Later in the century, the Whig MP Edmund Burke "admitted him into the whig pantheon". Burke wrote: He was an honorable man and a sound Whig. He was not, as the Jacobites and discontented Whigs of his time have represented him, and as ill-informed people still represent him, a prodigal and corrupt minister. They charged him in their libels and seditious conversations as having first reduced corruption to

11680-477: The deputy ranger of the park and son of Walpole's political ally, Sir Philip Meadowes, lived at Great Lodge after Walpole had vacated it. In his new political positions, and encouraged by his advisers, Walpole introduced the sinking fund , a device to reduce the national debt. The Cabinet of which he was a member was often divided over most important issues. Normally, Walpole and Townshend were on one side, with Stanhope and Charles Spencer, 3rd Earl of Sunderland on

11826-560: The directors of the South Sea Company were used to relieve the suffering of the victims, and the stock of the company was divided between the Bank of England and East India Company . The crisis had gravely damaged the credibility of the King and of the Whig Party, but Walpole defended both with skilful oratory in the House of Commons. Walpole's first year as prime minister was also marked by

11972-500: The discovery of a plot formed by Francis Atterbury , the bishop of Rochester . The exposure of the scheme crushed the hopes of the Jacobites whose previous attempts at rebellion (most notably the risings of 1715 and 1719) had also failed. The Tory Party was equally unfortunate even though Lord Bolingbroke, a Tory leader who fled to France to avoid punishment for his Jacobite sympathies, was permitted to return to Britain in 1723. During

12118-494: The dismissal of Townshend from the Lord-Lieutenancy in April 1717. On the next day, Walpole resigned from the Cabinet to join the Opposition "because I could not connive at some things that were carrying on", and by joining the opposition he did not intend "to make the king uneasy or to embarrass his affairs." This began the Whig Split , dividing the dominant party for three years. In the new Cabinet, Sunderland and Stanhope (who

12264-464: The early twentieth century under Joseph Chamberlain (probably the least Whiggish character in the Liberal Unionist party) further alienated the more orthodox Whigs. By the early twentieth century "Whiggery" was largely irrelevant and without a natural political home. One of the last active politicians to celebrate his Whiggish roots was the Liberal Unionist statesman Henry James . The colours of

12410-427: The emotions as well as the minds of men, and, above all, his extraordinary self-confidence". Hoppit says Walpole's policies sought moderation, he worked for peace, lower taxes and growing exports and allowed a little more tolerance for Protestant Dissenters. He mostly avoided controversy and high-intensity disputes as his middle way attracted moderates from both the Whig and Tory camps, but his appointment to Chancellor of

12556-481: The exact dates of Walpole's dominance, dubbed the "Robinocracy", are a matter of scholarly debate, the period 1721–1742 is often used. He dominated the Walpole–Townshend ministry , as well as the subsequent Walpole ministry , and holds the record as the longest-serving British prime minister . W. A. Speck wrote that Walpole's uninterrupted run of 20 years as prime minister "is rightly regarded as one of

12702-454: The fact that many of the Tories still supported the deposed Roman Catholic James II . William saw that the Tories were generally friendlier to royal authority than the Whigs and he employed both groups in his government. His early ministry was largely Tory, but gradually the government came to be dominated by the so-called Junto Whigs , a group of younger Whig politicians who led a tightly organised political grouping. The increasing dominance of

12848-588: The fall of Walpole, who carried the popular nickname "Cock Robin". (Contemporaries satirised the Walpole regime as the "Robinocracy" or as the "Robinarchy".) Whigs (British political party) Factions: The Whigs were a political party in the Parliaments of England , Scotland , Ireland , Great Britain and the United Kingdom . Between the 1680s and the 1850s, the Whigs contested power with their rivals,

12994-537: The fall of the Talents ministry in 1807, the Foxite Whigs remained out of power for the better part of 25 years. The accession of Fox's old ally, the Prince of Wales, to the regency in 1811 did not change the situation, as the Prince had broken entirely with his old Foxite Whig companions. The members of the government of Lord Liverpool from 1812 to 1827 called themselves Whigs. By 1815, the Whigs were still far from being

13140-500: The family, he abandoned the idea. In November 1700 his father died, and Robert succeeded to inherit the Walpole estate . A paper in his father's handwriting, dated 9 June 1700, shows the family estate in Norfolk and Suffolk to have been nine manors in Norfolk and one in Suffolk. As a young man, Walpole had bought shares in the South Sea Company , which monopolised trade with Spain,

13286-527: The followers of Lord Chatham , who as the great political hero of the Seven Years' War generally took a stance of opposition to party and faction. The Whigs were opposed by the government of Lord North which they accused of being a Tory administration. While it largely consisted of individuals previously associated with the Whigs, many old Pelhamites as well as the Bedfordite Whig faction formerly led by

13432-476: The franchise and ended the system of " rotten and pocket boroughs " (where elections were controlled by powerful families) and instead redistributed power on the basis of population. It added 217,000 voters to an electorate of 435,000 in England and Wales. Only the upper and middle classes voted, so this shifted power away from the landed aristocracy to the urban middle classes. In 1832, the party abolished enslavement in

13578-501: The government to recognise the role of public opinion in parliamentary debate and influenced views of representation and reform throughout the 19th century. Whigs restored their unity by supporting moral reforms, especially the abolition of slavery. They triumphed in 1830 as champions of Parliamentary reform. They made Lord Grey prime minister 1830–1834 and the Reform Act 1832 championed by Grey became their signature measure. It broadened

13724-624: The heir presumptive, if allowed to inherit the throne, would endanger the Protestant religion, liberty and property. The first Exclusion Bill was supported by a substantial majority on its second reading in May 1679. In response, King Charles prorogued Parliament and then dissolved it, but the subsequent elections in August and September saw the Whigs' strength increase. This new parliament did not meet for thirteen months, because Charles wanted to give passions

13870-452: The home has nevertheless become established as the official residence of the prime minister (in his or her capacity as First Lord of the Treasury). Walpole has attracted attention from heterodox economists as a pioneer of protectionist policies, in the form of tariffs and subsidies to woollen manufacturers. As a result, the industry became Britain's primary export, enabling the country to import

14016-475: The home of the Prince of Wales, to form political plans. Walpole also became an adviser and close friend of the Prince of Wales's wife, Caroline . In 1720 he improved his position by bringing about a reconciliation between the Prince of Wales and the King. Walpole continued to be an influential figure in the House of Commons. He was especially active in opposing one of the Government's more significant proposals,

14162-522: The influence of his office. Most of his immediate successors were, comparatively speaking, extremely weak. It would take several decades more for the premiership to develop into the most powerful and most important office in the country. Walpole's strategy of keeping Great Britain at peace contributed greatly to the country's prosperity. Walpole also managed to secure the position of the Hanoverian dynasty , and effectively countervailed Jacobitism. The Jacobite threat ended, soon after Walpole's term ended, with

14308-465: The influential House of Lords leader the Duke of Portland , Rockingham's nephew Lord Fitzwilliam and William Windham , were increasingly uncomfortable with the flirtations of Fox and his allies with radicalism and the French Revolution. They split in early 1793 with Fox over the question of support for the war with France and by the end of the year they had openly broken with Fox. By the summer of

14454-436: The king's favour. After his resignation, his main political roles were to support the government by means of advice, to dole out some patronage and to speak on the ministry's behalf in the Lords. Lord Orford was succeeded as prime minister by Lord Wilmington in an administration whose true head was Lord Carteret . A committee was created to inquire into Walpole's ministry but no substantial evidence of wrongdoing or corruption

14600-493: The late 1750s and the early 1780s. Even the Whigs ceased to be an identifiable party, and Parliament was dominated by competing political connections, which all proclaimed Whiggish political views, or by independent backbenchers unattached to any particular group. The North administration left power in March 1782 following the American Revolution and a coalition of the Rockingham Whigs and the former Chathamites, now led by

14746-422: The leader of a reorganized Whig Party arrayed against William Pitt the Younger 's new Tories. The foundation of both parties depended more on the support of wealthy politicians than on popular votes. Although there were elections to the House of Commons , only a few men controlled most of the voters . Both parties slowly evolved during the 18th century. In the beginning, the Whig Party generally tended to support

14892-615: The leadership of the Tory Robert Harley , removed Walpole from his office of Secretary at War but he remained Treasurer of the Navy until 2 January 1711. Harley had first attempted to entice him and then threatened him to join the Tories , but Walpole rejected the offers, instead becoming one of the most outspoken members of the Whig Opposition. He effectively defended Lord Godolphin against Tory attacks in parliamentary debate, as well as in

15038-408: The liberal political stance of the Whig Party and its middle-class constituents". Samuel Johnson (1709–1784), a leading London intellectual, repeatedly denigrated the "vile" Whigs and praised the Tories, even during times of Whig political supremacy. In his great Dictionary (1755), Johnson defined a Tory as "one who adheres to the ancient Constitution of the state and the apostolical hierarchy of

15184-504: The line of succession, Anne was succeeded by her second cousin , the Elector of Hanover , George I . George I distrusted the Tories, who he believed opposed his right to succeed to the Throne. The year of George's accession, 1714, marked the ascendancy of the Whigs who would remain in power for the next fifty years. Robert Walpole became a Privy Councillor and rose to the position of Paymaster of

15330-600: The major feats of British political history. Explanations are usually offered in terms of his expert handling of the political system after 1720, [and] his unique blending of the surviving powers of the crown with the increasing influence of the Commons". Walpole was a Whig from the gentry class who was first elected to Parliament in 1701 and held many senior positions. He was a country squire and looked to country gentlemen for his political base. Historian F. O'Gorman says his leadership in Parliament reflected his "reasonable and persuasive oratory, his ability to move both

15476-470: The neighbouring borough of King's Lynn , a pocket borough that would re-elect him for the remainder of his political career. Voters and politicians nicknamed him "Robin". Like his father, Robert Walpole was a member of the Whig Party . In 1705, Walpole was appointed by Queen Anne to be a member of the council for her husband, Prince George of Denmark , Lord High Admiral . After having been singled out in

15622-592: The new Parliament, many Whigs thought the ageing Prime Minister incapable of leading the military campaign. Moreover, his majority was not as strong as it had formerly been, his detractors – such as William Pulteney, earl of Bath, and Lord Perceval – being approximately as numerous as his supporters. Behind these political enemies were opposition Whigs, Tories and Jacobites. Walpole was alleged to have presided over an immense increase in corruption and to have enriched himself enormously whilst in office. Parliamentary committees were formed to investigate these charges. In 1742 when

15768-594: The next day, most likely because his father's throne, and the future of the whole Hanoverian dynasty, was at risk from the Stuart Pretender. Along with his political interests in his last years, Walpole enjoyed the pleasures of the hunt. Back at his recently rebuilt country seat in Houghton, Norfolk, such pastimes were denied him due to "dismal weather". He also enjoyed the beauties of the countryside. His art collection gave him particular pleasure. He had spent much money in

15914-537: The next year, large portions of the opposition had defected and joined Pitt's government. Many of the Whigs who had joined with Pitt would eventually return to the fold, joining again with Fox in the Ministry of All the Talents following Pitt's death in 1806. The followers of Pitt—led until 1809 by Fox's old colleague the Duke of Portland—rejected the label of Tories and preferred to call themselves The Friends of Mr. Pitt . After

16060-435: The nickname "Sir Bluestring". His eldest son was granted a barony. Walpole's position was threatened in 1727 when George I died and was succeeded by George II . For a few days it seemed that Walpole would be dismissed but, on the advice of Queen Caroline , the King agreed to keep him in office. Although the King disliked Townshend, he retained him as well. Over the next years Walpole continued to share power with Townshend but

16206-478: The north of England to refer to (cattle) drovers from western Scotland who came to Leith to buy corn. The Gaelic -speaking Scottish cattle drivers would call out "Chuig" or "Chuig an bothar"—meaning "away" or "to the road"; this sounded to the English like "Whig", and they came to use the word "Whig" or "Whiggamore" derisively to refer to these people. During the English Civil Wars , when Charles I reigned,

16352-491: The other. Foreign policy was the primary issue of contention; George I was thought to be conducting foreign affairs with the interests of his German territories, rather than those of Great Britain, at heart. The Stanhope–Sunderland faction, however, had the King's support. In 1716 Townshend had been removed from the important post of Northern Secretary and put in the lesser office of Lord Lieutenant of Ireland . Even this change did not appease Stanhope and Sunderland, who secured

16498-467: The other. On 17 December 1783, Fox stated in the House of Commons that "[i]f [...] a change must take place, and a new ministry is to be formed and supported, not by the confidence of this House or the public, but the sole authority of the Crown, I, for one, shall not envy that hon. gentleman his situation. From that moment I put in my claim for a monopoly of Whig principles". Although Pitt is often referred to as

16644-679: The parties, supported by her moderate Tory ministers, the Duke of Marlborough and Lord Godolphin . However, as the War of the Spanish Succession went on and became less and less popular with the Tories, Marlborough and Godolphin were forced to rely more and more on the Junto Whigs, so that by 1708 they headed an administration of the Parliament of Great Britain dominated by the Junto. Anne herself grew increasingly uncomfortable with this dependence on

16790-466: The past. Later on, several members from the Whig party came to oppose the protectionism of the Corn Laws , but trade restrictions were not repealed even after the Whigs returned to power in the 1830s. With the succession of Elector George Louis of Hanover as king in 1714, the Whigs returned to government with the support of some Hanoverian Tories . The Jacobite rising of 1715 discredited much of

16936-524: The position of Paymaster, however, Walpole lost the favour of the Prince of Wales (the future King George II), who still harboured disdain for his father's Government. Soon after Walpole returned to the Cabinet, Britain was swept by a wave of over-enthusiastic speculation which led to the South Sea Bubble . The Government had established a plan whereby the South Sea Company would assume the national debt of Great Britain in exchange for lucrative bonds. It

17082-501: The press. In 1712, Walpole was accused of venality and corruption in the matter of two forage contracts for Scotland. Although it was proven that he had retained none of the money, Walpole was pronounced "guilty of a high breach of trust and notorious corruption". He was impeached by the House of Commons and found guilty by the House of Lords ; he was then imprisoned in the Tower of London for six months and expelled from Parliament. While in

17228-452: The raw materials and food that fueled the industrial revolution. Walpole is immortalised in St Stephen's Hall , where he and other notable Parliamentarians look on at visitors to Parliament. Walpole built Houghton Hall in Norfolk as his country seat. He also left behind a collection of art which he had assembled during his career. His grandson, the 3rd Earl of Orford , sold many of

17374-426: The reign of George III , who hoped to restore his own power by freeing himself from the great Whig magnates. Thus George promoted his old tutor Lord Bute to power and broke with the old Whig leadership surrounding the Duke of Newcastle. After a decade of factional chaos, with distinct Bedfordite , Chathamite , Grenvillite and Rockinghamite factions successively in power and all referring to themselves as "Whigs",

17520-454: The remainder of George I's reign, Walpole's ascendancy continued; the political power of the monarch was gradually diminishing and that of his ministers gradually increasing. In 1724 the primary political rival of Walpole and Townshend in the Cabinet, Lord Carteret, was dismissed from the post of Southern Secretary and once again appointed to the lesser office of Lord Lieutenant of Ireland. In Ireland, Lord Carteret used his power to secretly aid in

17666-426: The remainder were impeached for their corruption. Aislabie was found guilty and imprisoned, but the personal influence of Walpole saved both Stanhope and Sunderland. For his role in preventing these individuals and others from being punished, Walpole gained the nickname of "The Screen", or "Screenmaster-General". The resignation of Sunderland and the death of Stanhope in 1721 left Walpole as the most important figure in

17812-423: The same disposition to nations at least as warlike and restless as that in which he had the chief direction of affairs. ... With many virtues, public and private, he had his faults; but his faults were superficial. A careless, coarse, and over familiar style of discourse, without sufficient regard to persons or occasions, and an almost total want of political decorum, were the errours [ sic ] by which he

17958-646: The term "Whig" was picked up and used by the English to refer derisively to a radical faction of the Scottish Covenanters who called themselves the Kirk Party (see the Whiggamore Raid ). It was later applied to Scottish Presbyterian rebels who were against the king's Episcopalian order in Scotland. The word Whig entered English political discourse during the Exclusion Bill crisis of 1679–1681: there

18104-523: The time, it was to last beyond the demise of the coalition in December 1783. The coalition's untimely fall was brought about by George III in league with the House of Lords and the King now brought in Chatham's son William Pitt the Younger as his prime minister. It was only now that a genuine two-party system can be seen to emerge, with Pitt and the government on the one side, and the ousted Fox-North coalition on

18250-481: The trade agreement on the same grounds. Ashley claimed that "[t]he traditional policy of the Whig party from before the Revolution [of 1688] down to the time of Fox was an extreme form of Protectionism". The Whigs' protectionism of this period is today increasingly cited with approval by heterodox economists such as Ha-Joon Chang , who wish to challenge contemporary prevailing free trade orthodoxies via precedents from

18396-476: The two clashed over British foreign affairs, especially over policy regarding Austria . Gradually Walpole became the clearly dominant partner in government. His colleague retired on 15 May 1730 and this date is sometimes given as the beginning of Walpole's unofficial tenure as prime minister. Townshend's departure enabled Walpole to conclude the Treaty of Vienna , creating the Anglo-Austrian alliance . Walpole,

18542-451: The various passions of Mankind mingled, and in a manner incorporated themselves, with every thing that was said or writt concerning him. Never was Man more flattered nor more abused, and his long power, was probably the chief cause of both". Chesterfield claimed he was "much acquainted with him both in his publick and his private life": In private life he was good natured, chearfull, social. Inelegant in his manners, loose in his morals. He had

18688-522: The war began. In the 1741 general election his supporters secured an increase in votes in constituencies that were decided by mass electorates but failed to win in many pocket boroughs (constituencies subject to the informal but strong influence of patrons). In general, the government made gains in England and Wales but this was not enough to overturn the reverses of the 1734 election and further losses in Cornwall where many constituencies were obedient to

18834-466: The will of the Prince of Wales (who was also Duke of Cornwall ). These constituencies returned members of parliament hostile to the Prime Minister. Similarly, the influence of the Duke of Argyll secured the election of members opposed to Walpole in some parts of Scotland. Walpole's new majority was difficult to determine because of the uncertain loyalties of many new members, but contemporaries and historians estimated it as low as fourteen to eighteen. In

18980-692: The works in this collection to the Russian Empress Catherine ;II in 1779. This collection – then regarded as one of the finest in Europe – now lies in the State Hermitage Museum in Saint Petersburg , Russia. In 2013 the Hermitage loaned the collection to Houghton for display, following the original William Kent hanging plan, which had been recently discovered at Houghton. The nursery rhyme " Who Killed Cock Robin ?" may allude to

19126-428: The world, while their honest hearts were yet untainted, well are you to be an old Roman? a patriot? you will soon come off of that, and grow wiser . And thus he was more dangerous to the morals, than to the libertys of his country, to which I am persuaded that he meaned no ill in his heart. ... His name will not be recorded in history among the best men, or the best Ministers, but much much less ought it to be ranked among

19272-518: The worst. 10 Downing Street represents another part of Walpole's legacy. George II offered this home to Walpole as a personal gift in 1732, but Walpole accepted it only as the official residence of the First Lord of the Treasury, taking up his residence there on 22 September 1735. His immediate successors did not always reside in Number ;10 (preferring their larger private residences), but

19418-454: Was Henry Brougham , the talented lawyer, who had a relatively modest background. Hay argues that Whig leaders welcomed the increasing political participation of the English middle classes in the two decades after the defeat of Napoleon in 1815. The fresh support strengthened their position in Parliament. Whigs rejected the Tory appeals to governmental authority and social discipline and extended political discussion beyond Parliament. Whigs used

19564-406: Was a King's Scholar . He left Eton on 2 April 1696 and matriculated at King's College, Cambridge , on the same day. On 25 May 1698, he left Cambridge after the death of his only remaining older brother, Edward, so that he could help his father administer the family estate to which he had become the heir. Walpole had planned to become a clergyman but as he was now the eldest surviving son in

19710-469: Was around this time that the great Whig historian Thomas Babington Macaulay began to promulgate what would later be coined the Whig view of history , in which all of English history was seen as leading up to the culminating moment of the passage of Lord Grey's reform bill. This view led to serious distortions in later portrayals of 17th-century and 18th-century history, as Macaulay and his followers attempted to fit

19856-511: Was chiefly devoted to securing the passage of the Reform Act 1832 . This new club, for members of both Houses of Parliament , was intended to be a forum for the radical ideas which the First Reform Bill represented: a bastion of liberal and progressive thought that became closely associated with the Liberal Party , who largely succeeded the Whigs in the second half of the 19th century. Until

20002-543: Was controversy about whether King Charles II's brother, James, Duke of York , should be allowed to succeed to the throne on Charles's death, and Whig became a term of abuse for members of the Country Party , which sought to remove James from the line of succession on the grounds that he was a Roman Catholic ( Samuel Johnson , a fervent Tory, often joked that "the first Whig was the Devil".). Eventually, Country Party politicians themselves would start describing their own faction as

20148-494: Was created an Earl) were the effective heads. Walpole reversed his earlier support for the impeachment of Robert Harley , the former first minister, and joined with the Tory opposition in securing an acquittal in July ;1717. Soon after Walpole's resignation, a bitter family quarrel between the King and the Prince of Wales, split the royal family. Walpole and others who opposed the Government often congregated at Leicester House ,

20294-459: Was discovered. Though no longer a member of the Cabinet, Orford continued to maintain personal influence with George II and was often dubbed the "Minister behind the Curtain" for this advice and influence. In 1744 he managed to secure the dismissal of Carteret and the appointment of Henry Pelham whom he regarded as a political protégé. He advised Pelham to make use of his seat in the Commons to serve as

20440-478: Was first used officially in 1868, but had been used colloquially for decades beforehand) arose from a coalition of Whigs, free trade Tory followers of Robert Peel and free trade Radicals , first created, tenuously under the Peelite Earl of Aberdeen in 1852 and put together more permanently under the former Canningite Tory Lord Palmerston in 1859. Although the Whigs at first formed the most important part of

20586-486: Was impeached, and Henry St John, 1st Viscount Bolingbroke , suffered from an act of attainder . Halifax, the titular head of the administration, died in 1715 and by 1716 Walpole was appointed to the posts of First Commissioner (Lord) of the Treasury and Chancellor of the Exchequer . He was a member of the Board of General Officers established in 1717 to investigate the abuse of pay. Walpole's fellow members, appointed by

20732-402: Was in turn succeeded by his only son George. Upon the death of the third Earl, the earldom was inherited by the first Earl's younger son Horace Walpole , who is now remembered for his many thousands of insightful letters, published in 48 volumes by Yale University Press . The title died with him in 1797. Walpole exercised a tremendous influence on the politics of his day. The Tories became

20878-549: Was most hurt in the public opinion: and those through which his enemies obtained the greatest advantage over him. But justice must be done. The prudence, steadiness, and vigilance of that man, joined to the greatest possible lenity in his character and his politics, preserved the crown to this royal family; and with it, their laws and liberties to this country. Lord Chesterfield expressed scepticism as to whether "an impartial Character of Sr Robert Walpole, will or can be transmitted to Posterity, for he governed this Kingdom so long that

21024-547: Was not consulted and stated that Townshend was "too precipitate" in his actions. Great Britain, free from Jacobite threats, from war, and from financial crises, grew prosperous, and Robert Walpole acquired the favour of George I. In 1725 he persuaded the king to revive the Knighthood of the Bath and was himself invested with the order, and in 1726 was made a Knight of the Garter , earning him

21170-406: Was to replace the land tax, which was paid by the local gentry, with excise and customs taxes, which were paid by merchants and ultimately by consumers. Walpole joked that the landed gentry resembled hogs, which squealed loudly whenever anyone laid hands on them. By contrast, he said, merchants were like sheep, and yielded their wool without complaint. The joke backfired in 1733 when he was defeated in

21316-417: Was widely believed that the company would eventually reap an enormous profit through international trade in cloth, agricultural goods, and slaves . Many in the country, including Walpole himself (who sold at the top of the market and made 1,000 per cent profit), frenziedly invested in the company. By the latter part of 1720, however, the company had begun to collapse as the price of its shares plunged. In 1721

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