In this episode, Ethan Reuter speaks with historian Taym Saleh about the 1906 general election—the winter showdown that delivered the last great Liberal landslide and set the stage for the welfare state. After riding jingoistic euphoria to victory in 1900, the Conservative-Unionist coalition collapsed spectacularly, reduced from a 150-seat majority to a miserable rump of just 157 MPs. The conversation explores how Joseph Chamberlain's crusade for tariff reform and imperial preference tore the Conservatives apart. His two loaves of bread—one slightly smaller under protection—couldn't compete with Liberal warnings of the "dear loaf," horse meat sausages, and the hungry forties. Saleh explains how Prime Minister Balfour found himself trapped, unable to resolve his party's civil war without triggering an outright split, while the Liberals united around free trade, cheap bread, and opposition to "Chinese slavery" in South African mines. But the 1906 landslide contained the seeds of future upheaval. The Gladstone-MacDonald pact gave Labour its crucial breathing space, winning 29 seats that would grow to dominance after the First World War. The Irish Parliamentary Party's 83 seats positioned them as kingmakers for future crises. And the Liberal government's ambitious reforms—old age pensions, national insurance, the foundations of the welfare state—would trigger a constitutional crisis with the Conservative-dominated House of Lords, culminating in the 1911 Parliament Act that neutered the upper chamber forever. This is the election that killed Conservative dominance, launched the welfare state, and set Britain on course for the tumultuous politics of the early twentieth century.