Éamon de Valera from the controversy. That stance helped return de Valera to power in the 1951 general election, but without an overall majority. His and Fianna Fáil's popularity was short-lived, however; his government introduced severe, deflationary budgetary and economic policies in 1952, causing a political backlash that cost Fianna Fáil several seats in the Dáil in by-elections of 1953 and early 1954. Faced with a likely loss of confidence in the Dáil, de Valera instead called an election in May 1954, in which Fianna Fáil was defeated and a Second Inter-Party Government was formed with John A. Costello again as Taoiseach. On
Éamon de Valera elected a Fellow of the Royal Society (FRS), a recognition of his lifelong interest in mathematics. He also served as a member of the Parliament of Northern Ireland (for Down from 1921 to 1929 and for South Down from 1933 to 1937), although he held to the republican policy of abstentionism and did not take his seat in Stormont. De Valera was criticised for ending up as co-owner of one of Ireland's most influential group of newspapers, Irish Press Newspapers, funded by numerous small investors who received no dividend for decades. De Valera is alleged by critics to have helped