Why did Gustav Stresemann found the German People’s Party?

Gustav Stresemann founded the German People’s Party (DVP) in 1918 after he was refused admission to the higher councils of the newly formed, left-liberal German Democratic Party.1

Following the collapse of the German monarchy at the end of World War I, Stresemann sought to create a right-liberal political organization that would rally supporters of the former National Liberal Party. The resulting party was composed largely of educated and propertied elements. Although Stresemann was fundamentally a monarchist who initially opposed the Weimar Republic, he eventually moved toward a policy of political cooperation with the republic, leading his party to participate in the "Great Coalition" government when he became chancellor in 1923.12