One political issue that had challenged the farmers was the trend in the monetary and financial policies at the time, which revolved around the gold standard. In order to farmers to survive, they needed large amounts of land and expensive machinery and thus farmers had to take loans, which happened to have exorbitant rates. As a result, farmers found it difficult to pay off loans and this was als

Evidently, by the end of the nineteenth century, farming was no longer a small scale, risk-free enterprise but was a complicated and difficult living. Foreign competition and the depreciation of the value of crops made life difficult for farmers. Moreover, high tariffs, monetary policies, and railroad policies were political issues that contributed to the decline of the farmer. As a result of these conditions, the Populist Party was formed to voice out the cause of the farmer and to call for reforms.

o complicated by the deflation of money as the population increased. Since many farmers were falling into debt, they yearned for a gold-silver standard to help them pay off their debt, as this would result in the necessary inflation. As a result, the Bland Allison Act of 1878 was passed and forced the government to buy $2 to $4 million in silver each month but this proved ineffective, as the government only bought the minimum amount and the inflation rates did not change significantly. Moreover, aside from lobbying for a gold-silver standard, the Populist Party also called for a gradual income tax to lessen the burden placed on farmers but was unsuccessful, as the Supreme Court ruled against the income tax in the Pollock vs. Farmer’s Loan

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