The Populist Party And The Socialist Party - 1581 Words

The Populist Party is often referred to as the party of and for the people, and is labeled as such because it was, very candidly, founded by the common people, such as farmers and other laborers. While this party was in power, they had many ambitions and ideas that they sought to spread to others, and aspired to achieve. To understand the topic completely, one requires a general knowledge of the formation of the populist party, the elemental beliefs, goals and ideals, and how the downfall of the party came about, as this will aid in the understanding of the populist party’s want of free coinage of silver and how it would have helped debtors initially, but would have had a comprehensive and unfavorable effect on the American economy†¦show more content†¦However, almost all of the populist party could be put under one label: Debtors. The farmers involved sought to regulate prices and make them affordable, while industrialists sought to regulate the hours in a work da y. The people were left in great debt and hoped that these actions may soon begin to lift the economic depression that they were facing. The main idea of the populist party was to unite the common and poor people so that they may gain power as a group, and allow the aforementioned group to gain and retain more power and say within the operations and actions of the government. Although the party began as a group of upset farmers, soon after the movement to create this party had begun, it caught the attention of others. Some industrial workers, and a few stray others shared similar views as these southern and western farmers, and decided that they would join the party, in hopes of also gaining authority, and had hope to attempt to stop the declining economic condition. Although at first, other political parties saw the populists as humorous, the party began to grow, causing more and more people to be forced to recognize that the populists were gaining power, and should be taken seriously (Edwards). It started in Kansas, when William Peffer became the first populist senate member, and shortly after, the party began to grow. The party soon developed two different branches: Fusionists,Show MoreRelatedSignificance Of The Presidential Election Of 18921577 Words   |  7 Pagesthird party candidates in the US presidential election of 1892. In 1912, Teddy Roosevelt famously split the vote of the Republican party as a third party candidate, and the investigation resolves to assess whether a third party candidate changed the outcome of the election in 1892. The investigation will focus mainly on the influence of one particular candidate from the Populist Party, James B. 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Once their party leader lost in the election, there causes washed-out. Next, the Socialist party formed to put an end to capitalism. The Socialist believed that capitalism was the reason for the large gap between the working poor