Asquith succeeded Campbell-Bannerman on 8 April 1908 and, four days later, Churchill was appointed President of the Board of Trade. Aged 33, he was the youngest Cabinet member since 1866.
Newly appointed Cabinet ministers were legally obliged to seek re-election at a by-election and on 24 April, Churchill lost the Manchester North West by-election to the Conservative candidate by 429 votes.
On 29 July 1908, Harland and Wolff presented the drawings to J. Bruce Ismay and other White Star Line executives. Ismay approved the design and signed three "letters of agreement" two days later, authorizing the start of construction… The name Titanic derives from the Titan of Greek mythology.