Likud was founded in 1973 by Menachem Begin in an alliance with several right-wing and liberal parties. Likud's victory in the 1977 elections was a major turning point in the country's political history, marking the first time the left had lost power. However, after ruling the country for most of the 1980s, the party lost the Knesset election in 1992. Nevertheless, Likud's candidate Benjamin Netanyahu did win the vote for Prime Minister in 1996 and was given the task to form a government after the 2009 elections. After a convincing win in the 2003 elections, Likud saw a major split in 2005, when Likud leader Ariel Sharon left the party to form the new Kadima party. This resulted in Likud slumping to fourth place in 2006 elections. Following the 2009 elections, the party appears to have mostly recovered from its loss, and now leads the Israeli government under Prime Minister Netanyahu.
A member of the party is often called a Likudnik.
With Ehud Olmert as party chairman following S