It was a party related to Carlos Ibáñez del Campo.
As time went by, its members split up to form other parties.
With the downfall of Ibáñez all groups gathered up again, led by Alessandri to create the Liberal Party (October 1930) with a mutual party platform.
In the presidential elections of 1932 it presented the candidacy of Enrique Zañartu Prieto.
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