The populist party was created with the intentions of going against the capitalism and industrializations. It was created by American farmers, which was organized in St. Louis in 1892 to limit the power of big companies and the political parties with the interest of establishing railroads, bankers, processors, corporations. “The Populist
Party consisted primarily of farmers unhappy with the Democratic and Republican Parties”. The Populists believed that it was necessary for the government to take an active stand in the American economy by regulating businesses such as railroads, silver coinage, crop prices, and inflation. The goal of the Populists in 1892 was to bring change by replacing the Democrats as the nation’s second party by partnering with other parties such as the Grange whose purpose was the same in regulating big business. “To develop a better and higher manhood and womanhood among themselves. To foster mutual understanding and cooperation. To reduce their expense, other individual and corporate” (doc B). These were good intentions in defending the farmers. In the same way the populist party presidential candidate stated that “you have made the definition of a business man too limited in its application. The man who is employed for wages is as much a business man as his employer” ( doc E). These parties were trying to show representation for minors such as the farmers.
The parties strongly opposed how businesses such as the banking worked. During the panic of 873, the high rise of tariffs, and industries, affected the farmers leaving most of them to depend on wages from industries. The populist opposed the system of banking dollars in gold, instead, they preferred silver coinage to help farmers from getting in debt. Grover Cleveland was against silver coinage, but later, due to economic crash and fear of losing the volume of currency, he said that “the present situation, we enter upon the dangerous and reckless experiment of free, unlimited, and independent silver coinage” (doc D).