<Table> <Tr> <Th_colspan="2"> Whig Party </Th> </Tr> <Tr> <Th> Leader </Th> <Td> Henry Clay William H. Harrison Daniel Webster Horace Greeley </Td> </Tr> <Tr> <Th> Founded </Th> <Td> 1834 (1834) </Td> </Tr> <Tr> <Th> Dissolved </Th> <Td> 1854 (1854) </Td> </Tr> <Tr> <Th> Preceded by </Th> <Td> Anti-Masonic Party National Republican Party </Td> </Tr> <Tr> <Th> Succeeded by </Th> <Td> American Party Republican Party </Td> </Tr> <Tr> <Th> Headquarters </Th> <Td> Washington, D.C. </Td> </Tr> <Tr> <Th> Newspaper </Th> <Td> The American Review: A Whig Journal </Td> </Tr> <Tr> <Th> Ideology </Th> <Td> American System American nationalism </Td> </Tr> <Tr> <Th> Colors </Th> <Td> Blue Buff </Td> </Tr> <Tr> <Td_colspan="2"> <Ul> <Li> Politics of United States </Li> <Li> Political parties </Li> <Li> Elections </Li> </Ul> </Td> </Tr> </Table> <Tr> <Th_colspan="2"> Whig Party </Th> </Tr> <Tr> <Th> Leader </Th> <Td> Henry Clay William H. Harrison Daniel Webster Horace Greeley </Td> </Tr>

Why was this a good time for the formation of the whig party