Whig SupremacyPolitical
Walpole becomes Britain's first Prime Minister
In the wake of the South Sea Bubble, Robert Walpole takes office as First Lord of the Treasury. Over the next twenty-one years he creates the office of Prime Minister in all but name and establishes the long Whig dominance of Hanoverian politics.
Walpole's motto 'quieta non movere' — let sleeping dogs lie — kept Britain at peace for two decades while France and Spain exhausted themselves. He used patronage with unmatched skill, paid for by an expanding fiscal-military state and the slave-trade profits of the Royal African Company. The premiership he shaped — leader of the largest faction in the Commons, holding office at the king's pleasure but governing through Parliament — is the office held by Churchill, Thatcher, and every modern resident of 10 Downing Street, the house George II gave him in 1735.