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“By 1933, the Democratic Party, seemingly ascendent due to the ‘Crash of 31’, was split between three factions, the ‘Bryanite’ far left wing, lead by Christian Socialists, such as governor Norman Thomas of New York, the ‘Watsonite’ wing, that shared many of the same beliefs on economics as the Bryanists but who harbor intensely conservative racial and religious beliefs, lead by Rhode Island representative HP Lovecraft, and the ‘Old Guard’ Democrats, largely southern and northeastern conservatives who weren’t entirely shaken out by Bryan’s nominations in 1896, 1900, and 1904 and the rising left wing in the party, this wing was lead by William McAdoo....”