In the 1890s, farmers faced significant challenges, including falling crop prices, high railroad rates, and increasing debt due to loans for land and equipment. These economic pressures were exacerbated by droughts and a deflationary monetary policy that favored creditors over debtors. In response, farmers organized politically, forming groups like the Populist Party to advocate for reforms such as the regulation of railroads, the introduction of a graduated income tax, and the expansion of the money supply through the coinage of silver. Their collective action aimed to address their grievances and improve their economic conditions.
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