Rise of Neville Chamberlain which became the City of Birmingham Symphony Orchestra was initiated. The Lord Mayor persuaded Sir Thomas Beecham to conduct a series of events in Birmingham. The concerts caused Birmingham to be regarded as a cultural centre, and in 1919, the Orchestra was formally founded. Chamberlain established the Birmingham Municipal Bank, the only one of its type in the country, which aimed to encourage savings to pay for the war loan. The bank proved highly successful and lasted until 1976, when it was taken over by Lloyds Bank. Chamberlain was re-elected Lord Mayor in 1916, but he did not complete his
Neville Chamberlain quickly by keeping economic pressure on Germany through a blockade while continuing rearmament. Chamberlain was reluctant to go too far in altering the British economy. The government submitted an emergency war budget about which Chamberlain stated, "the only thing that matters is to win the war, though we may go bankrupt in the process". Government expenditures rose by little more than the rate of inflation between September 1939 and March 1940. Despite these difficulties, Chamberlain still enjoyed approval ratings as high as 68% and almost 60% in April 1940. In early 1940 the Allies approved a naval campaign that was