In the tumultuous history of postwar American conservatism, defeats have often contained the seeds of future victory. In 1954, the movement's first national tribune, Senator Joseph McCarthy, was checkmated by the Eisenhower administration and then "condemned" by his Senate colleagues. But the episode, and the passions it aroused, led to the founding of National Review, the movement's first serious political journal. Ten years later, the right's next leader, Barry Goldwater, suffered one of the most lopsided losses in election history.