It was characterized as "a policy of which peace, progress and retrenchment were the watchwords."
In 1815, "Retrenchment" deprived him of this office, and he was placed on half-pay.
The necessity of retrenchment was felt by families of every rank.
The cry for 'retrenchment' was joined to the cry for reform.
Reform and Retrenchment were the chief policies of his administration.