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Buchanan had two opponents in the election; John Fremont of the newly organized Republican party, and former President Millard Fillmore of the Know-Nothing party. The Republicans opposed the extension of slavery.
By February 1854, anti-slavery Whigs had begun meeting in the upper midwestern states to discuss the formation of a new party. One such meeting, in Wisconsin on March 20, 1854, is generally remembered as the founding meeting of the Republican Party. The Republicans rapidly gained supporters in the North, and in 1856 their first presidential candidate, John C. Fremont, won 11 of the 16 Northern states.