The document summarizes the rise of populist movements in the 1890s among farmers in response to economic hardship. Multiple farmers alliances and organizations formed and eventually merged to become the Populist Party in 1892. The Populist Party platform advocated for financial reforms like free silver coinage and taxation of large incomes and corporations. However, the Populists failed to gain widespread victory and lost the 1896 presidential election, contributing to the decline of the populist movement.
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