Early Political Career
In the 1906 general election he contested Kidderminster but lost amidst the Conservative landslide defeat after the party split on the issue of free trade. In 1908 he succeeded his father as Member of Parliament (MP) for Bewdley. During the First World War he became Parliamentary Private Secretary to Conservative leader Andrew Bonar Law and in 1917 he was appointed to the junior ministerial post of Financial Secretary to the Treasury where he sought to encourage voluntary donations by the rich in order to repay the United Kingdom's war debt, notably writing to The Times under the pseudonym 'FST'.
He personally donated one fifth of his quite small fortune. He served jointly with Sir Hardman Lever, who had been appointed in 1916, but after 1919 Baldwin carried out the duties largely alone. He was appointed to the Privy Council in the 1920 Birthday Honours. In 1921 he was promoted to the Cabinet as President of the Board of Trade.
In late 1922 dissatisfaction was steadily growing within the Conservative Party over its coalition with the Liberal David Lloyd George. At a meeting of Conservative MPs at the Carlton Club in October, Baldwin announced that he would no longer support the coalition and famously condemned Lloyd George for being a "dynamic force" that was bringing destruction across politics. The meeting chose to leave the coalition, against the wishes of most of the party leadership.
As a result Bonar Law, the new Conservative leader, was forced to search for new ministers for his Cabinet and so promoted Baldwin to the position of Chancellor of the Exchequer. In the November 1922 general election the Conservatives were returned with a majority in their own right.
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