Nope. What is commonly referred to as the First Revival started in about 1888 with the collecting activities of the likes of Baring-Gould, Lucy Broadwood and Frank Kidson reaching a peak in the 1910s after the formation of the Folk Song Society and the English Folk Dance Society. As I said it started to wane in the 20s after some of the pioneers had died. The Second Revival started in the 50s with the impetus created by American influences and Ewan MacColl and Bert Lloyd, and is still in progress, not in decline as some like to think.