 Despite a period of stability and relative prosperity under the last government of Eleftherios Venizelos in 1928–1932, the effects of the Great Depression were severely felt, and political instability returned.Although the opposition People's Party, which represented the royalist and anti-Venizelos factions of the electorate, had pledged to support the Republic, its imminent rise to power after the March 1933 elections caused fears of a return to the monarchy.A Venizelist coup was launched but quickly suppressed.