Similar, although the GB Labour party still describes itself as 'Democratic Socialist' the Democrats in the USA have Liberals and moderate conservatives amonsgt their ranks and would never describe themselves as Socialist.
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Strom Thurmond left the democratic party because his views and their views differed greatly. They did not want the same things and did not agree on how the country was being run.
A Democrat could run for the Democratic nomination against an incumbent Democratic President. This happened in 1980 , for example, when Ted Kennedy ran against President Carter. A democrat would not run on the same party lines as another Democrat since the Democratic party can only nominate one candidate themselves. So a third party could nominate a Democrat to run for president if that Democrat lost the Democratic nomination to someone else.
There were actually two first political parties. Both parties formed at basically the same time, because the first one (which is technically unknown which party came first) had ideas someone didn't like, so another person formed a second party with their ideas contradicting the first party's ideas. The first two political parties were the Republican Party and the Federalist Party.
The majority party is the party to which the most representatives or senators belong. The other party is the minority party.
The Democratic-Republican Party didn't die, in the sense that they simply faded as the Federalists had; they actively split the party into two new parties (National Republicans and Democrats) after the Presidential election of 1824 because of major ideological differences that became intolerable to members of the Democratic-Republicans. Some became National Republicans, who were similar to the earlier Democratic-Republican Party, and some became Democrats, who shared more in common with the old Federalist party.