The 18th-century Anglo-Irish statesman Edmund Burke, who opposed the French Revolution but supported the American Revolution, is credited as one of the forefathers of conservative thought in the 1790s along with Savoyard statesman Joseph de Maistre. The first established use of the term in a political context originated in 1818 with François-René de Chateaubriand during the period of Bourbon Restoration that sought to roll back the policies of the French Revolution and establish social order.
Now let us look at the ballot. We are told that this is an innovation, an unjust and an un-English measure. Much, I confess, is to be said on both sides, and I have not formed my opinion without deliberation, and I can see in the great constitution of my country a glorious and admirable structure, to which I would fain add two wings. Under the old system of representation I should not have thought ballot necessary,
because that system was anomalous, and ballot could be of little use in a borough that had no electors. But if you will change, if you will give a constituency to every town returning members to Parliament, and if you will give to that constituency the legitimate right which the constitution contemplates, and which is a freeman's claim, you must add to the elective franchise vote by ballot. My gallant opponent, the breath of whose overpowering and convincing eloquence still hovers about the atmosphere of Wycombe, paused long before he indulged in the tirade which lately obtained so much notoriety through the medium of the 'Times' newspaper, I say to the son of the Prime Minister, that if the Whig ministry had not altered the representative system of the country, we should not have called for ballot; but I now say, that in proportion as the electors increase in number, so does the necessity for the ballot. I am a Conservative to preserve all that is good in our constitution, a Radical to remove all that is bad. I seek to preserve property and to respect order, and I equally decry the appeal to the passions of the many or the prejudices of the few. I alike detest the despotism of an oligarchy and the pre-eminence of a mob. I shall ever seek to confer the greatest happiness upon the greatest numbers, and I conscientiously believe that in advocating triennial Parliaments and vote by ballot, I am labouring to promote this desirable end. As a statesman I should say that it is impossible to refuse popular demands well matured and energetically supported. If so, let the people be fitted to discharge the functions reposed in them; and, as the means to this great end, I would unflinchingly advocate the repeal of the taxes on knowledge, because, though we admire and enjoy the liberty of the press, yet we feel its tyranny. Now, taxed as it is, it requires a large capital to carry on a newspaper, and its interests once established by a large circle of readers, and by an immense supply of advertisements, it bids defiance to the small capitalists who would embark in an untaxed competition, but are now overwhelmed by the oppressive impost laid on by Government.
— Benjamin Disraeli, speech at High Wycombe, England (27 November 1832)
An economic downturn was beginning in Canada by 1958. By mid-1961, differences in monetary policy led to open conflict with Bank of Canada Governor Coyne, who adhered to a tight money policy. Negotiations between Minister of Finance Fleming and Coyne for the latter's resignation broke down, with the governor making the dispute public, and John Diefenbaker sought to dismiss Coyne by legislation. Once he had the opportunity to testify (denied him in the Commons), Coyne resigned, keeping his increased pension, and the government was extensively criticised in the press. By the time Diefenbaker called an election for June 18, 1962, the party had been damaged by loss of support in Quebec and in urban areas as voters grew disillusioned with Diefenbaker and the Tories. The PC campaign was hurt when the Bank of Canada was forced to devalue the Canadian dollar to 92½ US cents; it had previously hovered in the range from 95 cents to par with the United States dollar. Privately printed satirical "Diefenbucks" (pictured) swept the country.
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