The document discusses the rise and fall of populism in the United States, beginning with the formation of the Farmers' Alliances in response to economic hardship among farmers. It describes the Populist Party platform which advocated for government ownership of railroads and telegraphs. The Panic of 1893 hurt populism, dividing the movement between supporters of silver and gold currency standards. William Jennings Bryan's "Cross of Gold" speech galvanized supporters of silver coinage but the populists ultimately faded as a political force after Bryan's 1896 presidential election loss.