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Are American political parties really in decay? Have American voters really given up on the major parties? Taking issue with widely accepted theories of dealignment and party decay, Paulson argues that the most profound realignment in American history occurred in the 1960s, and he presents an alternative theory of realignment and party revival.

In the 1964-1972 period, factional struggles within the major American political parties were resolved, with conservative Republicans and liberal Democrats emerging as the majority factions within their parties. The result was a critical...