De Gaulle’s departure from the scene provoked some early speculation about the survival of the Fifth Republic and of the Gaullist party (the UDR); both, after all, had been tailored to the general’s measure. But both proved to be durable, although his successors gave the system a somewhat different tone. Pompidou won the presidency in June 1969 over several left and centre rivals. He adopted a less assertive foreign policy stance and in domestic affairs showed a preference for classic laissez-faire, reflecting his connections with the business community.

The turn toward a more conservative, business-oriented line contributed to a revival of the political left, which had been decimated by the aftershocks of the events of May 1968. Mitterrand, leader of a small left-centre party, took advantage of the change in political climate. In 1971 he engineered a merger of several minor factions with the almost moribund Socialist Party and won election as leader of the reinvigorated party. He then persuaded the Communists to join the Socialists in drafting what was called the Common Program, which was a plan to combine forces in future elections and in an eventual coalition government.

Unexpectedly, in April 1974 President Pompidou died of cancer. Mitterrand declared his candidacy as representative of the united left, while the conservatives failed to agree on a candidate. The Gaullists nominated Prime Minister Jacques Chaban-Delmas, but a sizable minority of the UDR broke ranks and instead declared support for a non-Gaullist, Valéry Giscard d’Estaing, who was the leader of a business party, the Independent Republicans (Républicains Indépendants). Giscard won over Chaban-Delmas in the first round and narrowly defeated Mitterrand in the runoff.

Despite his conservative connections, the new president declared his goal to be the transformation of France into “an advanced liberal society.” He chose as prime minister the young and forceful Jacques Chirac, leader of the Gaullist minority that had bolted the UDR in Giscard’s favour. The new leadership pushed through a reform program designed to attract young voters: it reduced the voting age to 18, legalized abortion within certain limits, and instituted measures to protect the environment. But the course of reform was stalled by the oil crisis of 1973, brought on by events in the Middle East. Industrial production slowed, unemployment rose, and inflation threatened.

As discontent grew, Giscard’s leadership was challenged by his ambitious prime minister, Chirac. Open rivalry between the two men led Giscard to dismiss Chirac in favour of Raymond Barre, a professional economist. Chirac retaliated by persuading the divided and disheartened Gaullists to transform the UDR into a new party, the Rally for the Republic (Rassemblement pour la République; RPR), with himself as its head. He also gained an additional power base by standing successfully for election to the revived post of mayor of Paris.

These factional conflicts on the right opened new prospects for the coalition of the rejuvenated left and seemed to assure its victory in the 1978 parliamentary elections. But at that point the Socialist-Communist alliance fell apart. The Socialists had made dramatic gains at Communist expense since the Common Program had been adopted, and the Communists decided it was safer to scuttle the agreement. The collapse of leftist unity alienated a large number of left voters and enabled the conservatives to retain control of the National Assembly in the 1978 elections.

When Giscard’s presidential term ended in May 1981, opinion polls seemed to indicate that he would be elected to a second term. He overcame a vigorous challenge by Chirac in the first round of voting and seemed well placed to defeat the Socialist Mitterrand in the runoff. But Mitterrand surprised the pollsters by scoring a slim victory—the first major victory for the left in three decades. Profiting from the wave of euphoria that followed, Mitterrand dissolved the National Assembly and, calling for elections, succeeded once again. The Socialists won a clear majority of seats (269 of the total 491) and seemed in a position to transform France into a social democratic state.