On March 18, 2000, Taiwan experienced an electoral earthquake. After half a century in power on the island of Taiwan and eight decades of an undisrupted ruling position dating back to its heyday on the Chinese mainland, the Kuomintang (KMT) lost power in a free and fair presidential election. The power rotation at the close of the century is historic by any measure. It has closed an epoch of one-party dominance and inaugurated a period of party dealignment and realignment. It deflated Lee Teng-hui's charisma and brought his era to an abrupt and calamitous end. At the elite level, it has triggered a generational turnover, pushing the baby boomers to the forefront of governing responsibility. Most significantly, it pushed the island's political system for a major step forward toward the consolidation of democracy.