Painlevé then played little active role in politics until the election of November 1919 when he emerged as a leftist critic of the right-wing Bloc National. By the time the next election approached in May 1924 his collaboration with Édouard Herriot, a fellow member of Briand's 1915 cabinet, had led to the formation of the Cartel des Gauches. Winning the election, Herriot became Prime Minister in June, while Painlevé became President of the Chamber of Deputies. Though Painlevé ran for President of France in 1924 he was defeated by Gaston Doumergue. Herriot's administration publicly recognised the Soviet Union, accepted the Dawes Plan and agreed to evacuate the Ruhr. However, a financial crisis arose from the ensuing devaluation of the franc and in April 1925, Herriot fell and Painlevé became Prime Minister for a second time on 17 April. Unfortunately, he was unable to offer convincing remedies for the financial problems and was forced to resign on 21 November.