Edit The Great Depression plunged the government into a terminal crisis. The Cabinet agreed that it was essential to maintain the Gold Standard and that the Budget needed to be balanced, but became divided over some of the measures proposed. Henderson found himself at the head of a minority of nearly half the Cabinet that could not accept a cut in unemployment benefit. With the Cabinet so clearly divided, it decided to resign. However, on 24 August 1931 MacDonald revealed that he was forming an emergency National Government, with members from all parties, in order to tackle the crisis. The Labour Party repudiated this government, and the National Executive expelled MacDonald and his supporters from the party. Henderson cast the only vote against the expulsions. Henderson now became leader of the party just as it became ever more hostile to MacDonald's coalition government. In the general election that followed, MacDonald won the largest landslide in British political history, Labour was reduced to just 46 MPs and yet again Henderson lost his seat. The following year, he relinquished the party leadership.