In 1901, the Moderate Party was founded upon the temperance movement, and economic liberalism, and was popular among conservative farmers, business owners and urban Protestants. The Liberal Party was created in 1969 as part of the counterculture that arose during the 60's, primarily composed primarily of African-Americans and the youth. During the 1980's the two political parties formed a coalition that supported liberalization of the nations economy, and the privatization of key industries. In 2008, the Moderate Party lost its social conservative wing, falling into obscurity.