4 January 1884: The Fabian Society was founded

Sidney James Webb, a British socialist, economist and reformer, was an early member of the Fabian Society

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Rapid economic change in the 19th century, including the rise of manufacturing and urbanisation, brought an increase in living standards. But the gains were spread unevenly, with some people's living standards actually falling.

This led increasing numbers of people to look at alternatives to laissez-faire capitalism. In 1884, one group of London intellectuals met to found the Fabian Society.

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There was also a certain amount of support for ideas now associated with the opposite part of the political spectrum, such as eugenics and a strong British Empire.

At its peak during the early 20th century, the Fabian Society was regarded as the centre of British intellectual life. It was the first organisation to advocate a national healthcare system and a minimum wage, policies seen as dangerously radical at the time.

But its biggest impact was the role it played in the founding of the Labour Party in 1900, with leading Fabian Sidney Webb writing Labour's original constitution. Webb (along with his wife and friends) would also found the London School of Economics, using money left to the Fabians.