US history

Over centuries, the political system in United States led to the two major party system which third party cannot have that much of the power in the politics. However, there have been some several third parties and they were very influential in the political aspect. Among them, especially The People’s Party (populists) and The Progressive Party(Bull Moose party) left huge impact on United States history. The People’s Party was established by farmers, ‘Patrons of Husbandry’ in 1867 since they were against the abusive railroad fees. Members of the ‘Patrons of Husbandry’ were against those abusive actions. Then, between 1870 and 1890 American grain production increased three times which made farmers dependent on rising exports. They were not able to receive the money they had expected for the world agriculture market was unstable especially wheat and cotton. Hence, farmers were really upset and they started blaming the bank, railroad companies, and most of all the government monetary system. They thought the whole economic system favored only the rich. By 1890s, majority of them had problems with credit and exploitative railroad rates. Although they were discontent but both republican and Democratic were not responding to their needs. They formed Southern Framers’ Alliance. As a result, in 1892, many members of the alliance created a third party. The People’s Part’s first nominating convention was held in Omaha in July 1892. Their main goals were unlimited coinage of silver, creation of the subtreasury program for crop storage and farm loans; government ownership of railroad and so on. The impact was very immense. The People’s Part won 22 electoral votes although it only received less than 10 percent of the popular vote for president in 1892. Also, the party is responsible for making some gains because of the Panic f 1893. After the Congress repealed the Sherman Silver Purchase act, the democratic was divided and led to the possibility of an alliance with the