The document summarizes the rise of the Populist Party in the late 19th century in response to economic hardship among farmers. It describes early farmer organizations like the Grange that advocated for farmers' interests politically. As factors like declining prices, high railroad rates, and heavy farm debts hurt farmers, the Populist Party emerged calling for inflation, free silver coinage, and other reforms. In the 1892 and 1896 elections, the Populists gained some successes but ultimately declined as William McKinley defeated William Jennings Bryan on the gold standard issue. However, some Populist ideals like direct election of senators were later enacted.