the leadership of R. B. Bennett. But in the 1935 election the Conservatives were handed a major defeat by the Liberals, with a new right-wing party, Social Credit, placing a close third, again on the strength of Western alienation. Post-War Throughout most of the last century, the Progressive Conservative Party (often abbreviated PC) dominated conservative politics at the federal level and in most provinces. Canada had many conservative Prime Ministers in the past, but the first to be elected under the Progressive Conservative banner was John Diefenbaker, who served from 1957 to 1963. During the late 1970s and early 1980s, with the rise of Conservative politicians in Canada such as Ralph Klein, Don Getty, Brian Mulroney, Preston Manning, Mike Harris and others, the objectives and values of Conservatives in Canada began to mimic those of fiscal conservatives in both the US and UK. With the rise in inflation and a large budgetary deficit in Canada from the Trudeau government, emphasis was put on "shrinking the size of government" (in part, through privatization), pursuing continental trade arrangements (free trade, creating tax incentives and cutting "government waste"). Joe Clark became Prime Minister with a minority government in 1979, but lost to a non-confidence vote after only nine months, and the Liberals again took power. After Pierre Trudeau's retirement in 1984, his successor, John Turner, called a federal election, which was won in a landslide by the PCs under Brian Mulroney. Mulroney succeeded by uniting conservatives from Western Canada with those from Quebec. During his tenure, the government unsuccessfully attempted to negotiate the status of Quebec through the failed Meech Lake and Charlottetown Accords. During the government of Brian Mulroney (1984–1993), government spending on social programs was cut, taxes for individuals and businesses were reduced (but a new national tax appeared for nearly all goods and services), government intervention in the economy was significantly reduced, a free trade agreement was concluded with the United States, and Crown Corporations such as Teleglobe, Petro-Canada and Air Canada (some created by previous Conservative governments) were sold to both domestic and foreign private buyers (privatized). However, due to the failure of the Mulroney government to balance the budget and service debt, the federal debt continued to rise. It was not until the end of Mulroney's administration and the beginning of Jean Chrétien's Liberal government that the government's program of spending finally halted the growth in the federal