In the mid-1930s, Mexico's economy started to recover under the General and President Lázaro Cárdenas (1934–1940), which initiated a new phase of industrialization in Mexico. In 1934, Cárdenas created the National Finance Bank("Nacional Financiera SA" (Nafinsa)). as a "semi-private finance company to sell rural real estate" but its mandate was expanded during the term of Cárdenas's successor, Manuel Avila Camacho term to include any enterprise in which the government had an interest. An important achievement of the Cárdenas presidency was "the restoration of social peace" achieved in part by not exacerbating the long simmering post-revolutionary conflict between the Mexican state and the Roman Catholic Church in Mexico, extensive redistribution of land to the peasantry, and re-organizing the party originally created by Plutarco Elías Calles into one with sectoral representation of workers, peasants, the popular sector, and the Mexican army. The "Partido Revolucionario Mexicana" created the mechanism to manage conflicting economic and political groups and manage national elections.