George Joachim Goschen 1st Viscount Goschen

George Joachim Goschen Goschen, 1st Viscount

George Joachim Goschen Goschen, 1st Viscount , 1831-1907, British statesman. A leading financier, he was elected (1863) to Parliament as a Liberal and was first lord of the admiralty (1871-74). In 1876 he negotiated the establishment of Anglo-French control over Egypt's finances. He later served (1880-81) as ambassador to Turkey. Goschen was one of the leading Liberal Unionists, who in 1886 broke with William Gladstone over Irish Home Rule. As chancellor of the exchequer (1886-92) in the Conservative government he successfully converted the national debt and reduced currency stringencies, and as first lord of the admiralty (1895-1900) he supervised expansion of the navy.

Bibliography: See his Theory of Foreign Exchanges (1861; 4th ed., with biographical preface by B. F. Hopper, 1932); study by T. J. Spinner, Jr. (1973).

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