The party was founded by bank director Thorstein Petersen [fo] in 1935.
In the 1936 elections for the Løgting the party received 8% of the vote,[1] winning two seats, neither of which were taken by Petersen.
In the Danish elections in 1939 it received 9% of the Faroese vote, but failed to win a seat in the Folketing.
The party merged with defectors from the Self-Government Party to form the People's Party, with its founding meeting taking place on 2 January 1940.
This article about a political party in Denmark is a stub.