Margaret Thatcher — , during her leadership the Conservative Party has shifted their economic policies to the right, as well as Thatcherism. However, Peel would also be the root of a split in the party between the traditional Tories led by the Earl of Derby and Benjamin Disraeli and the "Peelites" led first by Peel himself, then by the Earl of Aberdeen. Today, German conservatism is often associated with politicians such as Chancellor Angela Merkel , whose tenure has been marked by attempts to save the common European currency Euro from demise.
The most prominent journals included The Quarterly Review, founded in as a counterweight to the Whigs' Edinburgh Review and the even more conservative Blackwood's Edinburgh Magazine. Despite the split, the mainstream Conservative Party accepted the doctrine of free trade in
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In the second half of the 19th century, the Liberal Party faced political schisms, especially over Irish Home Rule. These new principles were presented in the Tamworth Manifesto of , which historians regard as the basic statement of the beliefs of the new Conservative Party.
Toryism became marginalized during the long period of Whig ascendancy in the 18th century.