Conversation so far:
who was the president when the rizal law was passed
The Rizal law was approved by President Ramon Magsaysay on June 12, 1956.
what political party was president ramon magsaysay
Ramon Magsaysay was elected president under the banner of the Nacionalista Party.
what is the nacionalista party's ideology
The Nacionalista Party's modern ideologies are Conservatism, National conservatism, and Populism (since 1946).
where is the nacionalista party on the political spectrum
The Nacionalista Party is centre-right on the traditional political spectrum.

Question: when was the party founded
Self-contained rewrite: when was the nacionalista party founded