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Churchill's focus on financial policy began in earnest after becoming First Lord of the Admiralty in 1911. His attempts to modernize the Royal Navy eventually led him to address Britain’s financial system, driving him to seek advice from economists like John Maynard Keynes. His decision in 1925 to reinstate the gold standard aimed to restore financial credibility but was misguided in practice. It led to unemployment and economic hardship, particularly culminating in the miners' nationwide strike of 1926. This discord highlighted Churchill's disconnect from essential labor concerns, which ultimately affected his reputation.