William Maxwell Aitken, 1st Baron Beaverbrook

http://en.wikipedia.org/wiki/Max_Aitken,_1st_Baron_Beaverbrook

William Maxwell "Max" Aitken, 1st Baron Beaverbrook, Bt, PC, (May 25, 1879 – June 9, 1964) was a Canadian-British business tycoon, politician, and writer.

Lord Beaverbrook held a tight grip on the media as an influential Press Baron, owning The Daily Express newspaper, as well as the London Evening Standard and the Sunday Express. His political career included serving as a Minister in the British Government during both world wars.

Early career in Canada

Aitken was born in Maple, Ontario, Canada, (near Keele Street and Major Mackenzie Drive) in 1879, the son of a Scottish-born Presbyterian minister. The following year, his family moved to Newcastle, New Brunswick, Canada, which he considered to be his home town. It was here, at the age of 13, that he published his first newspaper.

Although Aitken wrote the entrance examinations for Dalhousie University and registered at the King's College Law School, he did not attend either institution. His only formal higher education came when he briefly attended the University of New Brunswick. Aitken worked for a short time as an office boy in the law office of Richard Bedford Bennett, in the town of Chatham, New Brunswick. Bennett later became Prime Minister of Canada and a business associate.

As a young man, Aitken made his way to Halifax, Nova Scotia where John F. Stairs, part of the city's dominant business family, gave him employment, training him in the business of finance. In 1904, when Stairs opened his newly formed Royal Securities Corporation, Aitken became a minority shareholder and the firm's general manager. Under the tutelage of Stairs, who would be his mentor and friend, Aitken engineered a number of successful business deals and was planning to do a series of bank mergers; however, Stairs' unexpected early death in late September 1904 led to Aitken acquiring control of the company. Stairs had given the untested and untrained Aitken an opportunity in business, just as Aitken would later do when he hired A.J. Nesbitt, a young dry goods salesman from Saint John, New Brunswick. Because Montreal, Quebec was, at that time, the financial centre of Canada, Aitken would send Nesbitt to open the Montreal branch of Royal Securities.

In 1909 under the umbrella of his Royal Securities Company, Aitken founded Calgary Power Company, Limited (now formally TransAlta Corporation). As the company’s first president, Aitken concentrated early efforts on the development of the Horseshoe Falls hydro station.

Canada Cement Scandal

In 1910 Aitken acquired many of the small regional cement plants in Eastern Canada and amalgamated them into Canada Cement. Canada was booming economically at the time and he had the monopoly on the material. There were irregularities in the stock transfer resulting from the conglomeration of the cement plants. Aitken sold his shares, making a large amount of money. Aitken then left for England. Some say had he stayed in Canada, he would have been charged with securities fraud.

In 1912, A. J. Nesbitt left Aitken's employ to form the Nesbitt, Thomson and Co. stock brokerage. Aitken appointed employee Izaak Walton Killam as the new President of Royal Securities and sold the Canadian securities company to Killam in 1919.

To England

The year Aitken moved to England, he became Liberal Unionist Member of Parliament for Ashton-under-Lyne. After the death of Charles Rolls in 1910, Aitken bought his shares in Rolls-Royce, and over the next two years gradually increased his holding in the company. However, Claude Johnson, Rolls-Royce's Commercial Managing Director, resisted Aitken's attempt to gain control of the company, and in October 1913 he sold his holding to J. B. Duke, of American Tobacco Company.

Aitken began to build a London newspaper empire. He often worked closely with Andrew Bonar Law, another native of New Brunswick, who became the only Canadian to be Prime Minister of the United Kingdom. In 1911, Aitken was knighted by King George V.

During the First World War, the Canadian government put Aitken in charge of creating the Canadian War Records Office in London, and he made certain that news of Canada's contribution to the War was printed in Canadian and British newspapers. Aitken also established the Canadian War Memorials Fund that evolved into a collection of war art by the premier artists and sculptors in Britain and Canada. His visits to the Western Front in the First World War, during which he held the honorary rank of Colonel in the Canadian Army, resulted in his 1916 book Canada in Flanders, a three-volume collection that chronicled the achievements of Canadian soldiers on the battlefields. After the War, Aitken wrote several books including Politicians and the Press in 1925 and Politicians and the War in 1928.

Adding to his chain of newspapers, which included the London Evening Standard, Aitken bought a controlling interest in the failing Daily Express from Lawson Johnson on 14 November 1916 for £17,500; he had been lending money to the paper and its proprietors since January 1911. He always obscured this transaction because it was at the same time as the Parliamentary crisis which replaced Asquith with Lloyd George, in which Aitken's ally and protégé Bonar Law played a great part.[citation needed] Aitken's friend and biographer, A.J.P. Taylor, states that this was a mere coincidence, brought on by Johnson's eagerness to be quit of the paper.

Aitken was granted a peerage in 1917 as the 1st Baron Beaverbrook, the name "Beaverbrook" being adopted from a small community near his boyhood home. He had initially considered, but on the advice of Louise Manny, rejected "Lord Miramichi" as too difficult to pronounce. The name "Beaverbrook" also had the advantage of conveying a distinctive Canadian ring to the title.

In 1918, Beaverbrook became the first Minister of Information, responsible for Allied propaganda in Allied and neutral countries. Lord Northcliffe became a Director of Propaganda and control propaganda in enemy countries. During his time in office Beaverbrook had a number of clashes with Foreign Secretary Balfour over the use of intelligence material. He felt that intelligence should become part of his department, but Balfour disagreed. Eventually the intelligence committee was assigned to Beaverbrook but they then resigned en masse to be re-employed by the Foreign office. He also came under attack from MPs who distrusted a press baron being employed by the state. Beaverbrook survived but became increasingly frustrated with his limited role and influence, and in September 1918, he resigned, claiming ill health.

First Baron of Fleet Street

Over time, Beaverbrook turned the dull newspaper into a glittering and witty journal, filled with an array of dramatic photo layouts and in 1918, he founded the Sunday Express. By 1934, daily circulation reached 1,708,000, generating huge profits for Beaverbrook whose wealth was already such that he never took a salary. Following the Second World War, the Daily Express became the largest selling newspaper in the world by far, with a circulation of 3,706,000. He would become known by some historians as the first baron of "Fleet Street" and as one of the most powerful men in Britain whose newspapers could make or break almost anyone. In the 1930s, while personally attempting to dissuade King Edward VIII from continuing his potentially ruinous affair with American divorcee, Wallis Simpson, Lord Beaverbrook's newspapers published every tidbit of the affair, especially allegations about pro-Nazi sympathies.

The Second World War

During the Second World War, his friend Winston Churchill, the British Prime Minister, appointed Beaverbrook as Minister of Aircraft Production and later Minister of Supply. Under Beaverbrook, fighter and bomber production increased so much so that Churchill declared: "His personal force and genius made this Aitken's finest hour". Beaverbrook's impact on war time production has been much debated but his innovative style certainly energised production at a time when it was desperately needed. However it has often been argued that aircraft production was already rising when Beaverbrook took charge and that he was fortunate to inherit a system which was just beginning to bear fruit.[9] Still, a Time Magazine cover story wrote, "Even if Britain goes down this fall [1940], it will not be Lord Beaverbrook's fault. If she holds out, it will be his triumph. This war is a war of machines. It will be won on the assembly line."

In addition to his ministerial role, Beaverbrook also accompanied Churchill to several wartime meetings with President Roosevelt. He was able to relate to Roosevelt in a different way to Churchill and became close to Roosevelt during these visits. This friendship sometimes irritated Churchill who felt that Beaverbrook was distracting Roosevelt from concentrating on the war effort. For his part Roosevelt seems to have enjoyed the distraction.

Later in 1941, Beaverbrook headed the British delegation to Moscow with American counterpart Averell Harriman. This made Beaverbrook the first senior British politician to meet Soviet leader Joseph Stalin since Hitler's invasion of the Soviet Union. Much impressed by Stalin and the sacrifice of the Soviet people, he returned to London determined to persuade Churchill to launch a second front in Europe to help draw German resources away from the Eastern front to aid the Soviets. Churchill was not to be persuaded and this led Beaverbrook to resign as Minister of War Production in 1942. During the remainder of the war (1943–1945), he occupied the role of Lord Privy Seal.

Despite this, throughout the war, Beaverbrook remained a close confidante of Churchill, and could regularly be found with Churchill until the early hours of the morning. Clement Attlee commented that "Churchill often listened to Beaverbrook's advice but was too sensible to take it."

Beaverbrook gave his son Max The Daily Express and The Sunday Express as a birthday present in 1931. Max Aitken Jr. became a fighter pilot with 601 Squadron, rising to Wing Commander with 16 victories.

The benefactor

After the war, Beaverbrook served as Chancellor of the University of New Brunswick and became the university's greatest benefactor, fulfilling the same role for the city of Fredericton and the Province as a whole. He would provide additions to the University, scholarship funds, the Beaverbrook Art Gallery, the Beaverbrook Skating Rink, the Lord Beaverbrook Hotel (profits donated to charity), The Playhouse, Louise Manny's early folklore work, and numerous other projects.

In 1957, a bronze statue of Lord Beaverbrook was erected at the centre of Officers' Square in Fredericton, New Brunswick, paid for by money raised by children throughout the province. A bust of him by Oscar Nemon stands in the park in the town square of Newcastle, New Brunswick not far from where he sold newspapers as a young boy. His ashes are in the plinth of the bust.

Beaverbrook was both admired and despised in England, sometimes at the same time: in his 1956 autobiography, David Low quotes H.G. Wells as saying of Beaverbrook: "If ever Max ever gets to Heaven, he won't last long. He will be chucked out for trying to pull off a merger between Heaven and Hell after having secured a controlling interest in key subsidiary companies in both places, of course."[citation needed]

In England, Beaverbrook lived at Cherkley Court, near Leatherhead, Surrey. Beaverbrook remained a widower for many years until 1963 when he married Marcia Anastasia Christoforides (1910–1994), the widow of his friend Sir James Dunn. Lord Beaverbrook died in Surrey in 1964, aged 85. He had recently attended a birthday banquet organised by fellow Canadian press baron Lord Thomson of Fleet, where he was determined to be seen on his usual good form, despite being riddled with painful cancer. The Beaverbrook Foundation continues his philanthropic interests.

Legacy

http://en.wikipedia.org/wiki/Lord_Beaverbrook#Legacy

In Popular Culture

For a period of time Beaverbrook employed novelist Evelyn Waugh in London and abroad. Waugh later lampooned his employer by portraying him as Lord Copper in Scoop and as Lord Monomark in both Put Out More Flags and Vile Bodies.

The Kinks recorded "Mr. Churchill Says" for their 1969 album Arthur, which contains the lines: "Mr. Beaverbrook says: 'We've gotta save our tin/And all the garden gates and empty cans are gonna make us win...'."

Beaverbrook was one of eight notable Brits cited in Bjørge Lillelien's famous “Your boys took a hell of a beating” commentary at the end of an English football team defeat to Norway in 1981, mentioned alongside British Prime Ministers Churchill, Thatcher and Atlee.

Published works by Lord Beaverbrook

http://en.wikipedia.org/wiki/Lord_Beaverbrook#Published_works_by_Lo...

Military Rank : Lieutenant-Colonel II 10 Battalion, Surrey Volunteer Regiment

                         Lieutenant-Colonel II  New Brunswick Regiment

                         Honorary Colonel II New Brusnwick Regiment

Fought: WW1 - 1915

Occupation : Chairman of the Colonial Bank

Office : Member of Parliament (MP) (Unionist) for Ashton-Under-Lyne

                          Chancellor of the Duchy of Lancaster - between 1918-1919

Author: Success, Politicians and the Press 1925

                          My case for Empire Free Trade 1930

                          The Resources of the British Empire

                          Don't Trust to Luck 1956

                          Three Keys to Success 1956

                          Men and Power 1917-1918, 1956

                          Friends: Sixty Years of Intimate Personal Relations with Richard Bedford Bennett  1959

                          Courage 1961

                          My Early Life 1964

Office: Minister of Aircraft Production between 1940-1941

                          Member of the War Cabinet between 1940-1942

                          Minister of State 1941

                          Trustee of the British Museum 1943

                           Lord Privy Seal between 1943 and 1945

Source : Complete Peerage new ed. Vol X111 p 239

William Maxwell Aitken, 1st Baron Beaverbrook, PC, ONB was a Canadian-British business tycoon, politician, newspaper publisher, and writer who was an influential figure in British society of the first half of the 20th century.

The young Max Aitken had a gift for making money and was a millionaire by 30. His business ambitions quickly exceeded opportunities in Canada and he moved to Britain. There he befriended Bonar Law and with his support won a seat in the House of Commons at the general election held in December 1910. A knighthood followed shortly after. During World War I, he ran the Canadian Records office in London and played a role in the removal of H. H. Asquith as prime minister in 1916. The resulting Tory-led coalition government (with Lloyd George as prime minister and Bonar Law as Chancellor of the Exchequer), rewarded Aitken with a peerage and, briefly, a Cabinet post as Minister of Information.

Post-war, the now Lord Beaverbrook concentrated on his business interests. He built the Daily Express into the most successful mass circulation newspaper in the world and used it to pursue personal campaigns, most notably for tariff reform and for the British Empire to become a free trade bloc. Beaverbrook supported the government of Stanley Baldwin and that of Neville Chamberlain throughout the 1930s and was persuaded by another long standing political friend, Winston Churchill, to serve as his Minister of Aircraft Production from May 1940. Churchill and others later praised his Ministerial contributions. He resigned due to ill-health in 1941 but later in the war was appointed Lord Privy Seal. Beaverbrook spent his later life running his newspapers, which by then included the London Evening Standard and the Sunday Express. He served as Chancellor of the University of New Brunswick and developed a reputation as a historian with his books on political and military history.

Aitken was born in Maple, Ontario, Canada, (near Keele Street and Major Mackenzie Drive) in 1879, one of the ten children of William Cuthbert Aitken, a Scottish-born Presbyterian minister and Jane Noble, the daughter of a prosperous local farmer and storekeeper. When he was a year old, the family moved to Newcastle, New Brunswick which Aitken later considered to be his hometown. It was here, at the age of 13, that he set up a school newspaper, The Leader. Whilst at school, he delivered newspapers, sold newspaper subscriptions and was the local correspondent for the St. John Daily Star. Aitken took the entrance examinations for Dalhousie University, but because he had refused to sit the Greek and Latin papers he was refused entry. He registered at the King's College Law School, but left after a short while. This was to be his only formal higher education. Aitken worked in a shop then borrowed some money to move to Chatham, New Brunswick where he worked as a local correspondent for the Montreal Star, sold life insurance and also collected debts. Aitken attempted to train as a lawyer and worked for a short time in the law office of Richard Bedford Bennett, a future Prime Minister of Canada. Aitken managed Bennett's successful campaign for a place on Chatham Town Council. When Bennett left the law firm, Aitken moved to Saint John, New Brunswick where he again sold life insurance before moving to Calgary where he helped to run Bennett's campaign for a seat in the Legislative Assembly of the North-West Territories in the 1898 general election. After an unsuccessful attempt to establish a meat business, Aitken returned to Saint John and to selling insurance.

In 1900, Aitken made his way to Halifax, Nova Scotia, where John F. Stairs, a member of the city's dominant business family, gave him employment and trained him in the business of finance. In 1904, when Stairs launched the Royal Securities Corporation, Aitken became a minority shareholder and the firm's general manager. Under the tutelage of Stairs, who would be his mentor and friend, Aitken engineered a number of successful business deals and was planning a series of bank mergers. Stairs' unexpected early death in September 1904 led to Aitken acquiring control of the company and moving to Montreal. There he bought and sold companies, invested in stocks and shares and also developed business interests in both Cuba and Puerto Rico. He started a weekly magazine, the Canadian Century in 1910, invested in the Montreal Herald and almost acquired the Montreal Gazette. In 1907 he founded the Montreal Engineering Company. In 1909, also under the umbrella of his Royal Securities Company, Aitken founded the Calgary Power Company Limited, now the TransAlta Corporation, and oversaw the building of the Horseshoe Falls hydro station.

In 1910-11 Aitken acquired a number of small regional cement plants in Canada, including Sandford Fleming's Western Canada Cement Co. plant at Exshaw, Alberta, and amalgamated them into Canada Cement, eventually controlling four-fifths of the cement production in Canada. Canada was booming economically at the time and Aitken had a monopoly on the material. There were irregularities in the stock transfers leading to the conglomeration of the cement plants, resulting in much criticism of Aitken, as well as accusations of price-gouging and poor management of the cement plants under his company's control. Aitken sold his shares, making a large amount of money.

Aitken had made his first visit to Britain in September 1908 and when he returned there in the Spring of 1910, in an attempt to raise money to form a steel company, he decided to make the move permanent, but not before he led the underwriting, with a preponderance of British money, of an amalgamation of smaller units into the Steel Company of Canada. Very shortly later Aitken moved his family to the UK.

In 1910 Aitken moved to Britain and he became friends with Andrew Bonar Law, a native of New Brunswick and the only Canadian to become Prime Minister of the United Kingdom. The two men had a lot in common, — they were both sons of the manse from Scottish-Canadian families and both were successful businessmen. Aitken persuaded Bonar Law to support him in standing for the Unionist Party in the December 1910 general election at Ashton-under-Lyne. Aitken was an excellent organiser and, with plenty of money for publicity, he won the seat by 196 votes.

Aitken rarely spoke in the House of Commons, but did promise substantial financial support to the Unionist Party, and in 1911 he was knighted by King George V. Aitken's political influence grew when Bonar Law replaced A.J. Balfour as leader of the Unionist party late in 1911. Aitken bought Cherkley Court near Leatherhead and entertained lavishly there. In 1913 the house was offered as a venue for negotiations, between Bonar Law and the Prime Minister H.H. Asquith, over Ulster and Irish home rule. Later in life Aitken wrote about his early political efforts:

“ Empire Fiscal Union was, in fact, my only reason for entering politics in Britain and for continuing to take an interest in public life. My devotion to Bonar Law, my belief in his Leadership, my faith in his ability to give to the Empire some day, perhaps some day soon, the Union I so ardently desired, had kept me in close and intimate touch with him and his political problems. ” Aitken continued to grow his business interests while in Parliament and also began to build a British newspaper empire. After the death of Charles Rolls in 1910, Aitken bought his shares in Rolls-Royce Limited, and over the next two years gradually increased his holding in the company. However, Claude Johnson, Rolls-Royce's Commercial managing director, resisted Aitken's attempt to gain control of the company, and in October 1913 he sold his holding to James Buchanan Duke, of the American Tobacco Company. In January 1911, Aitken, secretly, invested £25,000 in the failing Daily Express. An attempt to buy the London Evening Standard failed but he did gain control of another London evening paper, The Globe. In November 1916 a share deal worth £17,500, with Lawson Johnson, landed Aitken a controlling interest in the Daily Express, but again he kept the deal secret.

During World War I, the Canadian government placed Aitken in charge of creating the Canadian War Records Office in London, and he made certain that news of Canada's contribution to the war was printed in Canadian and British newspapers. He was innovative in the employment of artists, photographers, and film makers to record life on the Western Front. Aitken also established the Canadian War Memorials Fund that evolved into a collection of art works by the premier artists and sculptors in Britain and Canada. His visits to the Western Front, with the honorary rank of colonel in the Canadian Army, resulted in his 1916 book Canada in Flanders, a three-volume collection that chronicled the achievements of Canadian soldiers on the battlefields. After the war, Aitken wrote several books including Politicians and the Press in 1925 and Politicians and the War in 1928.

Aitken became increasingly hostile towards the Prime Minister, H.H. Asquith whom he considered to be mismanaging the war effort. Aitken's opinion of Asquith didn't improve when he failed to get a post in the Cabinet reshuffle of May 1915. An attempt by Bonar Law to secure the KCMG for Aitken was also blocked by Asquith. Aitken was happy to play a small part, which he greatly exaggerated, as a go-between when Asquith was forced from office and replaced by David Lloyd George in December 1916. Lloyd George offered to appoint Aitken as President of the Board of Trade. At that time, an MP taking a cabinet post for the first time had to resign and stand for re-election in a by-election. Aitken made arrangements for this, but then Lloyd George decided to appoint Albert Stanley instead. Aitken was a friend of Stanley and agreed to continue with the resignation, so that Stanley could take Aitken's seat in Parliament and be eligible for ministerial office. In return, Aitken received a peerage on 23 January 1917 as the 1st Baron Beaverbrook, the name "Beaverbrook" being adopted from a small community near his boyhood home. He had initially considered "Lord Miramichi", but rejected it on the advice of Louise Manny as too difficult to pronounce. The name "Beaverbrook" also had the advantage of conveying a distinctive Canadian ring to the title.

Later in 1917, Beaverbrook's controlling stake in the Daily Express became public knowledge and he was criticised by parts of the Conservative Party for financing a publication they regarded as irresponsible and often unhelpful to the party.

In February 1918, Beaverbrook became the first Minister of Information in the newly formed Ministry of Information, was also made Chancellor of the Duchy of Lancaster and was sworn of the Privy Council. Beaverbrook became responsible for propaganda in Allied and neutral countries and Lord Northcliffe (owner of the Daily Mail and The Times) became Director of Propaganda with control of propaganda in enemy countries. Beaverbrook established the British War Memorials Committee within the Ministry, on lines similar to the earlier Canadian war art scheme, but when he established a private charity that would receive income from BWMC exhibitions, it was regarded as a conflict of interest and he dropped the scheme. Beaverbrook had a number of clashes with the Foreign Secretary Arthur Balfour over the use of intelligence material. He felt that intelligence should become part of his department, but Balfour disagreed. Eventually the intelligence committee was assigned to Beaverbrook but they then resigned en masse to be re-employed by the Foreign Office. In August 1918, Lloyd George became furious with Beaverbrook over a leader in the Daily Express threatening to withdraw support from the government over tariff reform. Beaverbrook increasingly came under attack from MPs who distrusted a press baron being employed by the state. Beaverbrook survived but became increasingly frustrated with his limited role and influence, and in October 1918, he resigned due to ill health. In fact, a tooth had become infected with actinomycosis and the often fatal disease progressed into his throat; his English doctors were unable to discover a cure and it was a Portuguese medic who cured him by administering orally iodine solution until the fungus was arrested.

A J P Taylor later wrote that Beaverbrook was a pathbreaker who "invented all the methods of publicity" used by Britain to promote the war, including the nation's first war artists, the first war photographers, and the first makers of war films. He was especially effective in promoting the sales of war bonds to the general public. Nevertheless, he was widely disliked and distrusted by the political elite, who were suspicious of all they sneeringly called "press lords."

After the war, Beaverbrook concentrated on running the Daily Express. He turned the dull newspaper into a glittering and witty journal with an optimistic attitude, filled with an array of dramatic photo layouts. He hired first-rate writers such as Francis Williams and the cartoonist David Low. He embraced new technology and bought new presses to print the paper in Manchester. In 1919 the circulation of the Daily Express was under 40,000 a day; by 1937 it was 2,329,000 a day, making it the most successful of all British newspapers and generating huge profits for Beaverbrook whose wealth was already such that he never took a salary. After the Second World War, the Daily Express became the largest-selling newspaper in the world, with a circulation of 3,706,000. Beaverbrook launched the Sunday Express in December 1918, but it only established a significant readership after John Junor became its editor in 1954. In 1923, in a joint deal with Lord Rothermere, Beaverbrook bought the London Evening Standard. Beaverbrook acquired a controlling stake in the Glasgow Evening Citizen and, in 1928, he launched the Scottish Daily Express.

Beaverbrook purchased The Vineyard, a "tiny Tudor house in Hurlingham Road" which ... "far from the centre of London I was relieved of casual callers and comparatively free of long-winded visitors. I provided facilities by means of private telephone lines without any direct contact with the Telephone Exchanges. Thus the political conferences held there were safeguarded against interruption." Powerful friends and acquaintances such as Asquith, Lloyd George, Churchill, Frederick Edwin Smith, Philip Sassoon, Diana and Duff Cooper, Balfour and Timothy Michael Healy were guests at both Cherkley and the Vineyard. The circle included Valentine Castlerosse, H. G. Wells and Rudyard Kipling, who was godfather to Beaverbrook's youngest son Peter, but this did nothing to repair the rift that developed between them when Beaverbrook endorsed Irish Home Rule.

Beaverbrook would become regarded by some historians as the first baron of Fleet Street and as one of the most powerful men in Britain whose newspapers could make or break almost anyone. Beaverbrook enjoyed using his papers to attack his opponents and to promote his friends. From 1919 to 1922 he attacked David Lloyd George and his government on several issues. He began supporting independent Conservative candidates and campaigned for fifteen years to remove Stanley Baldwin from the leadership of the Conservative Party. He very shrewdly sold the majority of his share holdings before the 1929 crash and in the resulting depression launched a new political party to promote free trade within the British Empire. Empire Free Trade Crusade candidates had some success. An Independent Conservative who supported Empire Free Trade won the Twickenham by-election in 1929. The Empire Free Trade candidate won the South Paddington by-election in October 1930. In February 1931, Empire Free Trade lost the Islington East by-election and by splitting the vote with the Conservatives allowed Labour to hold a seat they had been expected to lose. Duff Cooper's victory for the Conservatives in St. George's Westminster by-election in March 1931 marked the end of the movement as an electoral force.

On 17 March 1931, during the St. George's Westminster by-election, Stanley Baldwin described the media barons who owned British newspapers as having "Power without responsibility – the prerogative of the harlot throughout the ages." In the 1930s, while personally attempting to dissuade King Edward VIII from continuing his affair with American divorcee, Wallis Simpson, Beaverbrook's newspapers published every titbit of the affair, especially allegations about pro-Nazi sympathies. Beaverbrook supported the Munich Agreement and hoped the newly named Duke of Windsor would seek a peace deal with Germany.

Testifying before a Parliamentary inquiry in 1947, former Express employee and future MP Michael Foot alleged that Beaverbrook kept a blacklist of notable public figures who were to be denied any publicity in his papers because of personal disputes. Foot said they included Sir Thomas Beecham, Paul Robeson, Haile Selassie and Noël Coward. Beaverbrook himself gave evidence before the inquiry and vehemently denied the allegations; Express Newspapers general manager E.J. Robertson denied that Robeson had been blacklisted, but did admit that Coward had been "boycotted" because he had enraged Beaverbrook with his film In Which We Serve, for in the opening sequence Coward included an ironic shot showing a copy of the Daily Express floating in the dockside garbage bearing the headline "No War This Year".

In the late 1930s Beaverbrook had used his newspapers to promote the appeasement policies of the Chamberlain government. The slogan 'There will be no war' was used by the Daily Express. During the Second World War, in May 1940, his friend Winston Churchill, the British Prime Minister, appointed Beaverbrook as Minister of Aircraft Production. With Churchill's blessing Beaverbrook overhauled all aspects of war-time aircraft production;- he increased production targets by 15% across the board, took control of aircraft repairs and RAF storage units, replaced the management of plants that were underperforming, and released German Jewish engineers from internment to work in the factories. He seized materials and equipment destined for other departments and was perpetually at odds with the Air Ministry. His appeal for pots and pans “to make Spitfires” was afterwards revealed by his son Sir Max Aitken to have been nothing more than a propaganda exercise. Still, a Time Magazine cover story declared, "Even if Britain goes down this fall, it will not be Lord Beaverbrook's fault. If she holds out, it will be his triumph. This war is a war of machines. It will be won on the assembly line."

Under Beaverbrook, fighter and bomber production increased so much so that Churchill declared: "His personal force and genius made this Aitken's finest hour." Beaverbrook's impact on wartime production has been much debated but he certainly energised production at a time when it was desperately needed. However it has been argued that aircraft production was already rising when Beaverbrook took charge and that he was fortunate to inherit a system which was just beginning to bear fruit. Air Chief Marshal Lord Dowding, Head of Fighter Command during the Battle of Britain wrote that "We had the organization, we had the men, we had the spirit which could bring us victory in the air but we had not the supply of machines necessary to withstand the drain of continuous battle. Lord Beaverbrook gave us those machines, and I do not believe that I exaggerate when I say that no other man in England could have done so."

Beaverbrook resigned on 30 April 1941 and, after a month as Minister of State, Churchill appointed him to the post of Minister of Supply. Here Beaverbrook clashed with Ernest Bevin who, as Minister of Labour and National Service, refused to let Beaverbrook take over any of his responsibilities. In February 1942, Beaverbrook became Minister of War Production and again clashed with Bevin, this time over shipbuilding. In the face of Bevin's refusal to work with him, Beaverbrook resigned after only twelve days in the post. In September 1943 he was appointed Lord Privy Seal, outside of the Cabinet, and held that post until the end of the war.

In 1941, Beaverbrook headed the British delegation to Moscow with his American counterpart Averell Harriman. This made Beaverbrook the first senior British politician to meet Soviet leader Joseph Stalin since Adolf Hitler's invasion of the Soviet Union. Much impressed by Stalin and the sacrifice of the Soviet people, he returned to London determined to persuade Churchill to launch a second front in Europe to help draw German resources away from the Eastern Front to aid the Soviets. Despite their disagreement over the second front, Beaverbrook remained a close confidant of Churchill throughout the war, and could regularly be found with Churchill until the early hours of the morning. Clement Attlee commented that "Churchill often listened to Beaverbrook's advice but was too sensible to take it."

In addition to his ministerial roles, Beaverbrook headed the Anglo-American Combined Raw Materials Board from 1942 to 1945 and accompanied Churchill to several wartime meetings with President Roosevelt. He was able to relate to Roosevelt in a different way to Churchill and became close to Roosevelt during these visits. This friendship sometimes irritated Churchill who felt that Beaverbrook was distracting Roosevelt from concentrating on the war effort. For his part Roosevelt seems to have enjoyed the distraction.

Beaverbrook devoted himself to Churchill's 1945 General Election campaign, but a Daily Express headline warning that a Labour victory would amount to the 'Gestapo in Britain' was a huge mistake and completely misjudged the public mood. Beaverbrook renounced his British citizenship and left the Conservative Party in 1951 but remained an Empire loyalist throughout his life. He opposed both Britain's acceptance of post-war loans from America and Britain's application to join the European Economic Community in 1961. In 1953 he became chancellor-for-life of the University of New Brunswick through an Act of the local legislature. He became the university's greatest benefactor, fulfilling the same role for the city of Fredericton and the province as a whole. He would provide additional buildings for the university, scholarship funds, the Beaverbrook Art Gallery, the Beaverbrook Skating Rink, the Lord Beaverbrook Hotel, with profits donated to charity, the Playhouse, Louise Manny's early folklore work, and numerous other projects. He bought the archive papers of both Bonar Law and David Lloyd George and placed them in the Beaverbrook Library within the Daily Express Building.

On 29 January 1906, in Halifax, Aitken married Gladys Henderson Drury, daughter of Major-General Charles William Drury CBE (a first cousin of Admiral Sir Charles Carter Drury) and Mary Louise Drury (née Henderson). They had three children before her death on 1 December 1927. Their son Max Aitken Jr. became a fighter pilot with 601 Squadron, rising to Wing Commander with 16 victories in World War Two. Beaverbrook remained a widower for many years until 1963 when he married Marcia Anastasia Christoforides (1910–1994), the widow of his friend Sir James Dunn. Beaverbrook was rarely a faithful husband, and even in old age was often accused of treating women with disrespect. In Britain he established the then-married Jean Norton as his mistress at Cherkley. Aitken left Norton for a Jewish ballet dancer named Lily Ernst whom he had rescued from pre-war Austria.

After the First World War, Beaverbrook had written Politicians and the Press in 1925 and Politicians and the War in 1928 and had the two books were reprinted as one volume in 1960. Upon their original publication, the books were largely ignored by professional historians and the only favourable reviews were in Beaverbrook's own newspapers. However, when the combined edition came out, the reviews were more positive. A. J. P. Taylor said it was "Tacitus and Aubrey rolled into one".

Later Taylor said "The enduring merits of the book are really beyond cavil. It provides essential testimony for events during a great political crisis...It contains character sketches worthy of Aubrey. On a wider canvas, it displays the behaviour of political leaders in wartime. The narrative is carried along by rare zest and wit, yet with the detached impartialty of the true scholar". Sir John Elliot in 1981 said the work "will remain, despite all carping, the authoritative narrative; nor does the story want in the telling thereof".

Men and Power 1917–1918 was published in 1956. It is not a coherent narrative but divided by separate episodes centred on one man, such as Carson, Robertson, Rothermere and others. The reviews were favourable, with Taylor's review in The Observer greatly pleasing Beaverbrook. The book sold over 23,000 copies.

When The Decline and Fall of Lloyd George was published in 1963, favourable reviewers included Clement Attlee, Roy Jenkins, Robert Blake, Lord Longford, Sir C. P. Snow, Lady Violet Bonham Carter, Richard Crossman and Denis Brogan.[46] Kenneth Young said the book was "the finest of all his writing".

Beaverbrook was both admired and despised in Britain, sometimes at the same time: in his 1956 autobiography, David Low quotes H.G. Wells as saying of Beaverbrook: "If ever Max ever gets to Heaven, he won't last long. He will be chucked out for trying to pull off a merger between Heaven and Hell after having secured a controlling interest in key subsidiary companies in both places, of course."

Beaverbrook was of an imperialist mindset, with the quote, “There are countries so underdeveloped today that the gift of independence is like the gift of a razor to a child” attributed to him in a panel discussion on Canadian TV.

Lord Beaverbrook died in Surrey in 1964, aged 85. He had recently attended a birthday banquet organised by fellow Canadian press baron, Lord Thomson of Fleet, where he was determined to be seen on his usual good form, despite being riddled with cancer. The Beaverbrook Foundation continues his philanthropic interests. In 1957, a bronze statue of Lord Beaverbrook was erected at the centre of Officers' Square in Fredericton, New Brunswick, paid for by money raised by children throughout the province. A bust of him by Oscar Nemon stands in the park in the town square of Newcastle, New Brunswick, not far from where he sold newspapers as a young boy. His ashes are in the plinth of the bust.