Rise of Neville Chamberlain a half years as Chancellor, directing Britain's financial policies as the nation emerged from the Depression. When Baldwin (who had replaced MacDonald as Prime Minister in 1935) retired in 1937, Chamberlain succeeded him. Chamberlain was born in a house called Southbourne, in the Edgbaston district of Birmingham, England, as the only son of the second marriage of Joseph Chamberlain, who later became Mayor of Birmingham, and who also served as a Cabinet minister. Joseph Chamberlain had fathered two children by his first marriage, Beatrice and Austen. Joseph's first wife, Harriet, died giving birth to Austen; Neville's mother, the former Florence
Neville Chamberlain father apprenticed him to a firm of accountants. Within six months he became a salaried employee. In an effort to recoup diminished family fortunes, Joseph Chamberlain sent his younger son to establish a sisal plantation on Andros Island in the Bahamas. Neville Chamberlain spent six years there but the plantation was a failure, and Joseph Chamberlain lost £50,000. On his return to England, Neville Chamberlain entered business, purchasing (with assistance from his family) Hoskins & Company, a manufacturer of metal ship berths. Chamberlain served as managing director of Hoskins for 17 years during which time the company prospered. He also