The Liberal Party (Serbian: Либерална странка, romanized: Liberalna stranka; abbr.
The "Liberals" (либерали / liberali), an opposition group formed in the 1840s, established the Association of Serbian Youth in 1847 (banned in 1851 by the Defenders of the Constitution).
The liberals had an important role in the overthrow of the regime of Prince Aleksandar Karađorđević in 1858, which resulted in the return of the rival Obrenović dynasty.
On the political spectrum, the Liberals were between the Conservatives and the Markovićevci (followers of Svetozar Marković, who later founded the People's Radical Party in 1881).
[1][2][3] Liberals founded the Society for the Promotion of Serbian Literature (Дружина за помагање српске књижевности) in 1881, then transformed the organization into a political party, the Liberal Party, in 1883.