1924–1929 Becoming Chancellor on 6 November 1924, Churchill formally rejoined the Conservative Party. As Chancellor, he intended to pursue his free trade principles in the form of laissez-faire economics, as under the Liberal social reforms. In April 1925, he controversially albeit reluctantly restored the gold standard in his first budget at its 1914 parity against the advice of some leading economists including John Maynard Keynes. The return to gold is held to have caused deflation and resultant unemployment with a devastating impact on the coal industry. Churchill presented five budgets in all to April 1929. Among his measures were reduction of the state pension age from 70 to 65; immediate provision of widow's pensions; reduction of military expenditure; income tax reductions and imposition of taxes on luxury items. During the General Strike of 1926, Churchill edited the British Gazette, the government's anti-strike propaganda newspaper. After the strike ended, he acted as an intermediary between striking miners and their employers. He later called for the introduction of a legally binding minimum wage. In early 1927, Churchill visited Rome where he met Mussolini, whom he praised for his stand against Leninism. The "Wilderness Years": 1929–1939 Marlborough and the India Question: 1929–1932 In the 1929 general election, Churchill retained his Epping seat but the Conservatives were defeated and MacDonald formed his second Labour government. Out of office, Churchill was prone to depression (his "black dog") as he sensed his political talents being wasted and time passing him by – in all such times, writing provided the antidote. He began work on Marlborough: His Life and Times, a four-volume biography of his ancestor John Churchill, 1st Duke of Marlborough. It was by this time that he had developed a reputation for being a heavy drinker of alcoholic beverages, although Jenkins believes that was often exaggerated. Hoping that the Labour government could be ousted, he gained Baldwin's approval to work towards establishing a Conservative-Liberal coalition, although many Liberals were reluctant. In October 1930, after his return from a trip to North America, Churchill published his autobiography, My Early Life, which sold well and was translated into multiple languages. In January 1931, Churchill resigned from the Conservative Shadow Cabinet because Baldwin supported the decision of the Labour government to grant Dominion status to India. Churchill believed that enhanced home rule status would hasten calls for full independence. He was particularly opposed to Mohandas Gandhi, whom he