Liberal Party

In Bolivia, the Liberal and Conservative parties emerged from the upper classes, sharing power and contributing to stability and economic development. The Conservatives, ruling for two decades, focused on encouraging the mining industry through rail development. The Liberal Party took power in 1899, initiating an era of expansion in communications and resolving border disputes with Chile and Brazil, which allowed for significant railroad construction. This period of Liberal rule, under leaders like Ismael Montes, was politically calm and led to the decline of the Conservative Party. A new Republican Party later formed, also representing upper and middle-class interests.12