The role of the vice presidency has changed dramatically since the office was created during the 1787 Constitutional Convention. Originally something of an afterthought, the vice presidency was considered an insignificant office for much of the nation's history, especially after the Twelfth Amendment meant that vice presidents were no longer the runners-up in the presidential election. The vice president's role began steadily growing in importance during the 1930s, with the Office of the Vice President being created in the executive branch in 1939, and has since grown much further. Due to its increase in power and prestige, the vice presidency is now often considered to be a stepping stone to the presidency. Since the 1970s, the vice president has been afforded an official residence at Number One Observatory Circle.