Institutional Revolutionary Party
Cárdenas's successor Manuel Ávila Camacho gave the party its present name in 1946. The party, under its three different names, held every political position until 1946 when the PAN started winning posts for municipal president and federal deputies and senators, starting in 1946, after the party changed its name to its current name, the Institutional Revolutionary Party. By then, the party had acquired a reputation for corruption, and while this was admitted (to a degree) by some of its affiliates, its supporters maintained that the role of the party was crucial in the modernization and stabilization of Mexico.
Big tent
The Institutional Revolutionary Party (PRI) which held power in Mexico for 71 uninterrupted years from 1929 to 2000 was founded following the Mexican Revolution. Mexican president Plutarco Elías Calles founded the PRI, then known as the National Revolutionary Party, in 1929 with the intent of providing a political space in which all the surviving leaders and combatants of the Mexican Revolution could participate, and to solve the grave political crisis caused by the assassination of president-elect Álvaro Obregón in 1928. Throughout its nine-decade existence, the PRI has adopted a very wide array of ideologies (often determined by the President of the Republic in turn). It nationalized the petroleum industry in the 1940s and the banking industry in the 1970s. In the 1980s, the party went through reforms that shaped its current incarnation, with policies characterized as centre-right, such as the privatization of State-run companies, closer relations with the Catholic church, and embracing free-market capitalism and neoliberal policies.