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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.
During the 19th century the Republican Party stood against the extension of slavery to the countryâs new territories and, ultimately, for slaveryâs complete abolition. During the 20th and 21st centuries the party came to be associated with laissez-faire capitalism, low taxes, and conservative social policies.