Finally, in 1916, it was agreed that the Social Democrats and the United Labour Party remnants would all be amalgamated into a single group, the New Zealand Labour Party. The new Labour Party was explicitly socialist, and was based around goals of redistribution of wealth, nationalization of industry, and elimination of conscription. Eventual Labour Party leader, Harry Holland, was strongly socialist in his beliefs, having been associated with the Socialist Party and with the striking miners in Waihi. Holland believed that the militancy at Waihi was a sign of further impending class conflict. While the Labour Party gained some electoral success, it continued to trail the Liberal Party and the Reform Party until the replacement of Holland with Michael Joseph Savage. Savage, although also involved in the earlier Socialist Party, was more moderate than Holland, and Labour gained considerable support. Assisted by the Great Depression, Labour won a decisive victory in the 1935 election.