Populist Party Research Paper

Laws and theories must be able to withstand the test of time. A change in laws follow the change in political views. As society develops, certain ideas became more favorable. These favorable ideas gain the support of certain groups. These groups are better known as political parties. A political party is an organized group of people with similar political aims and opinions that seeks to influence public policy. One influential political group of the late 1800s were the Populist party. The Populist Party consisted of those who wanted to represent the common folk such as farmers againsts railroads, bankers, and massive corporations. This party was short lived as the overall conditions began to oppose the Populist ideologies. The Populist party began to decline after the Election of 1896. The Populist party was declining because of the improving economy, the racial issues between the Populist party members, and the stiff competition with the other succeeding political parties. …show more content…
The removal of greenbacks from circulation caused less of a money supply and the money was worth more. This caused prices to decrease. Farmers had to payback their loans in money that was worth more then when they borrowed it. Farmers also paid high prices for shipping. This led to an alliance which resulted in the populist party. They had urged the idea of increasing the money supply by coining silver to ease the nation's financial hardship after the panic of 1893. Shortly after McKinley’s victory in the Election of 1896, gold was discovered in South Africa,
Colorado, and Alaska. There was an increase in the gold supply which had ended the depression and brought renewed prosperity to many farmers. The increase in gold and better economic conditions had reduced the purpose to increase the money supply, which was the intent of the Populist