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Fractures in the Liberal Party led to the defeat of Churchill as a member of Parliament in 1922, and he rejoined the Conservative Party. He served as chancellor of the exchequer, returning Britain to the gold standard, and took a hard line against a general labor strike that threatened to cripple the British economy.
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Answer:
The definition of federalism is straightforward: it is the federal principle or system of government. Throughout history, it has been a political system where 2+ governments share authority over the same geographical area.
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