The Pleven cabinet was overthrown and supplanted by a new coalition cabinet headed by Edgar Faure (Jan. 22). The Faure cabinet lasted only five weeks, and that of Antoine Piany, which won approval from the Assembly on March 11, resigned on December 23.
Founding of the Union de Défense des Commerçants et Artisans (its members were known as Poujadists) a right-wing, antiparliamentary, nationalist movement that reacted to industrial modernization, the growth of large firms, and decolonization.
The CGP announced its second national economic plan, for the years 19541957, which, in addition to focusing on the traditional bases of industry, targeted food production and housing for growth.