| Biography | Philip Snowden, 1st Viscount Snowden PC (18 July 1864 15 May 1937) was a British politician. A strong speaker he became popular in trade union circles for his denunciation of capitalism as unethical and his promise of a socialist utopia. He was the first Labour Chancellor of the Exchequer, a position he held in 1924 and again between 1929 and 1931. He broke with Labour policy in 1931 and was expelled from the party and excoriated as a turncoat, as the Party was overwhelmingly crushed in 1931 by the Nationalist coalition that Snowden supported. |