 The Colorado Party was established in the same year and was dominant until the Liberal Revolution in 1904, after which the Liberal Party remained in government for almost the entire period until 1940.However, the party was dissolved by Higinio Morinigo in 1942, and by the end of the 1947 revolution the Colorado Party was the only one left in the country.The Liberal Party continued to exist abroad and in 1963 the Renewal Group faction returned to the country to become the "official" opposition to the Stroessner regime.