The Third Division was renamed as Football League Two prior to the start of the 2004-05 season. The corresponding place of the original Third Division, however, is Football League One, also since 2004.
This league continued as Football League Third Division South; Football League Third Division North is formed with Northern clubs; geographical separation is abolished in 1958.
Of these, Bradford, Hull, Norwich, Notts, QPR, Reading, Southampton, and Swindon made the top flight. Stockport, Doncaster, Notts County and Rochdale were the first to be relegated into the Fourth Division the following season (1959-60), starting the bottom-four-team turnover tradition for the third tier. As with the Second Division, the champion and runner-up were automatically promoted; the third place was also promoted automatically beginning in 1974. Play-offs for the third promotion place were introduced in 1987. AFC Bournemouth, formerly Bournemouth & Boscombe Athletic, hold the record as the club to have spent most time in this Division.
In 1992 the FA Premier League started and the Football League was reduced in numbers, leading to the third tier being renamed the Football League Second Division. See Football League One for subsequent third-tier history.
Automatic relegation to the Football Conference was continued as it had been with the Fourth Division since 1987, although from 1993 to 1996 there was no automatic promotion due to the Conference champions (Kidderminster Harriers, Macclesfield Town and Stevenage Borough, in chronological order) having stadiums not meeting Football League standards. Kidderminster and Macclesfield were allowed in subsequent years but Stevenage has so far been unable to win the Conference championship or the playoffs, a League feature which was extended to the second-to-fifth places in the Conference in 2002.
For further history to present day, see Football League Two.
See List of winners of English Football League One and predecessors for winners before 1992 and List of winners of English Football League Two and predecessors for winners afterwards.