Conservative Party (Mix of the Old Right faction of the GOP OTL and OTL Libertarian Party)
Formed: 1947
Idealogical leanings: Social Conservative/Libertarian, Economic Free Market in the Austrian School tradition, Foreign Policy Noninterventionism
History: Formed in 1947 the Conservative Party has been a voice for smaller government since it's inception. When it was realized that the GOP was not going to survive the Depression Era, Senator Robert Taft formed what we now know as the CP. In 1980 the CP finally had gained the Presidency with the asendancy of Ronald Reagan. Still on the rise the CP is the second largest party in the US.
Major Figures: Robert Taft, Barry Goldwater, Ronald Reagan, Ron Paul, Dan Quayle (more articulate ITTL than OTL)