H. H. Asquith Net Worth

Asquith's reputation will always be heavily influenced by his downfall at the height of the First World War. In 1930, Basil Liddell Hart summed up opinion as to the reasons for his fall; "Lloyd George (came to) power as the spokesman for a widespread demand for a more vigorous as well as a more efficient prosecution of the war." Asquith's collegiate approach; his tendency to "wait and see;" his stance as the chairman of the cabinet, rather than leader of a government—"content to preside without directing;" his "contempt for the press, regard(ing) journalists as ignorant, spiteful and unpatriotic;" and his weakness for alcohol—"I had occasion to speak to the P.M. twice yesterday and on both occasions I was nearly gassed by the alcoholic fumes he discharged;" all contributed to a prevailing sense that Asquith was unable to rise to "the necessities of total warfare." Grigg concludes, "In certain vital respects, he was not qualified to run the war. A great head of government in peacetime, by the end of 1916 he was in a general state of decline, his obvious defects as a war leader (exposed)." Cassar, reflecting on Asquith's work to bring a united country to war, and his efforts in the year thereafter, goes towards a reassessment; "His achievements are sufficiently impressive to earn him a place as one of the outstanding figures of the Great War" His contemporary opponent, Lord Birkenhead paid tribute to his bringing Britain united into the War, ""A statesman who rendered great Service to his country at a time when no other living Englishman could have done what he did." The Coalition Whip, william Bridgeman, provided an alternative Tory view, comparing Lloyd George to Asquith at the time of the latter's fall; "however unpopular or mistrusted (Lloyd George) was in the House, he carried much more weight in the Country than Asquith, who was almost everywhere looked on as a lazy and dilatory man." Sheffield and Bourne provide a recent historical reassessment; "Asquith's governments arguably took all the key decisions of the War: the decision to intervene, to send the BEF; to raise a mass volunteer army; to start and end the Gallipoli Campaign; the creation of a Coalition government; the mobilisation of industry; the introduction of conscription." But the weight of opinion continues to agree with Asquith's own candid assessment, in a letter written in the midst of war in July 1916; "I am (as usual) encompassed by a cloud of worries, anxieties, problems and the rest. 'The time is out of joint' and sometimes I am tempted to say with Hamlet 'O cursed spite, that ever I was born to set it right.' Perhaps I wasn't."

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