October10: The Koumintang (KMT), a.k.a. Chinese Nationalist Party, is founded by Song Jiaoren and Sun Yat–sen. The KMT overthrows the Qing Dynasty of China. The Koumintang is the founding and ruling party of the Republic of China (ROC). The KMT eventually reestablished itself on the island of Taiwan after its defeat in battle by the Communist Party of China (CPC) in 1949 on the mainland.