Liberal Party took first part in elections in 1949.
Over its existence, several factions formed and reformed (see Alexander 1982, 254β258):
+ 1885 β Independent Liberal Party [Doctrinario]
+ 1892 β Democratic Liberal Party (PLD)
+ 1920 β Aliancistas and Unionistas
+ 1930 β United Liberal Party (PLU) // during Ibanez regime
+ 1931 β (new) Liberal Party (PL) // after Ibanez regime
+ 1933 β (new) Liberal Party (PL) // during Alessandri regime