A lot of hard-faced men who look as if they had done very well out of the war. - Stanley Baldwin

If there is anything...it is my training, which has given me, whether I can use it or not, a knowledge and a sympathy very difficult for any man to attain who has had an exclusively political training I regard it as of the greatest value to myself that during the formative years of my life, and during the ten and twenty years when I first started work in the world, I worked in close contact with all classes of people in this country, and enjoyed, through no credit to myself, the goodwill which I have inherited from generations that have gone before me and left behind a name for honesty, fair play, right judgment, and kindliness to those with whom they worked. Through that, whether I succeed or not, I believe I have an understanding of the mind of the people of the country which I could have gained in no other way. It is through this that I have that ineradicable belief and faith in our people which sustains me through good times and evil, and it is because of this that I have every confidence that, whatever troubles may come to this country, or in this country at any time, the native strength and virtue of our people will overcome everything. There is only one thing which I feel is worth giving one's whole strength to, and that is the binding together of all classes of our people in an effort to make life in this country better in every sense of the word. That is the main end and object of my life in politics.

The Government decided...that they would support at Geneva the raising of "sanctions" which were imposed against Italy in the latter part of last year...but the action of the "sanctions" imposed was not swift enough in practice to effect what we had all hoped might be possible, and there came a point when further pressure might well have led to war. Now we have been called all kinds of names because we have not brought the country to war, and those who have principally criticised us have been those who hitherto have been noted for their pacifist views and not for their support of the strengthening of the arms of this country. You may not know that every day of my life, when I sit at my work in the Cabinet room, I sit under the portrait of a great Prime Minister...Sir Robert Walpole, whose great boast was, and whose great reputation rested on, this—that, except on one occasion, he kept his country out of war...to him was attributed that well-known remark, when a war against his will had been forced on him, that the people were now ringing the bells but they would soon be wringing their hands.

And so it is, seven years nearly after the War, that we yet see this prolonged and intensified depression, and this horrible figure of unemployment...We stand to-day at a point where, roughly speaking, one out of every ten of the insured population is out of work...But there is no direct remedy from the State alone. There can be no direct remedy by private men alone. Nothing can be done unless we can all pull together with a will. And I am—and I speak seriously—quite profoundly thankful that the Labour Party have been in office, and for this reason: that they now know that they, no more than any other Government, have been able to produce a panacea that would remedy unemployment. And in their hearts they must admit that they have no remedy which can be guaranteed to cure this disease and at the same time maintain unimpaired the international position and power of the British Empire.