The founders of the Free Conservatives, originally eight Landsting members from Højre, had tried to forge unity between the moderate sectors of Højre and Venstre around a new tax reform. The plans of a new unified party failed, and 'the eight' came to function as a separate faction. The tax reform proposal, which 'the eight' and Venstre had agreed upon, was adopted by Folketinget in 1900. However, in Landstinget Højre launched a counterproposal. As a result, 'the eight' broke away from Højre and formed a separate party with nine Landsting members. Informally, the name of the new party was 'the Free Conservatives'. The name was formally adopted by the party in 1902.^[2]

Between 1901 and 1912, the Free Conservatives had considerable influence over the policies of the Venstre governments. The party was able to bar universal suffrage to be introduced in the amt council elections. The party was also participant in the fall of Peter Adler Alberti in 1908. However, in 1912 Venstre presented a proposal for a democratic constitution for Denmark. This caused a split between Venstre and the Free Conservatives. After the new constitution was introduced in 1915, the Free Conservatives reunified with Højre, forming the Conservative People's Party.^[2] Internal disagreements in the Conservative People's Party resulted in the Free Conservatives being restored in 1917 but they lost their last seat in Landstinget in 1920.