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The Libertarian Party of the United States was formed in Colorado Springs in the home of Luke Zell by a group of individuals led by David Nolan on December 11, 1971, after several months of debate among members of the Committee to Form a Libertarian Party, founded July 17.[1] The formation was prompted in part by price controls and the end of the Gold Standard implemented by President Richard Nixon. The Libertarian Party viewed the dominant Republican and Democratic parties as having diverged from what they viewed as the libertarian principles of the American Founding Fathers. This group included John Hospers, Edward Crane, Manuel Klausner, Murray Rothbard, Roy Childs, D. Frank Robinson, Theodora (Tonie) Nathan,[citation needed] and Jim Dean.[dubious – discuss]