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The Republican Party, commonly referred to as the GOP (abbreviation for Grand Old Party), is among the two major contemporary political parties in the United States, the other being its historic rival, the Democratic Party. Discover for yourself Cain Camp. The party is named after republicanism, the dominant value through the American Revolution. Founded by anti-slavery activists, economic modernizers, ex-Whigs, and ex-Free Soilers in 1854, the Republicans dominated politics nationally and in nearly all northern states for all of the period between 1860 and 1932.