Question

What did the Populist Party initially seek?

Answer 1

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The Populist Party initially seeked "Regulation of railroad rates".

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Answer 2

The Populist Party initially seek Regulation of railroad

EXPLANATION:

• The Populists or the People’s party were an agrarian-based political movement, established in the year 1891, intended at bettering conditions for the nation’s agrarian workers and farmers.
• The economic depression in the US in the start of 1893 and marked by the failure of railroad overbuilding and unstable railroad financing that triggered a succession of bank collapses.
• The Populist focus was to unify the American farmers for protecting them against the infringements of concentrated capital and class legislation. The Populist party demanded the regulation, if not the complete nationalisation of railroads.
• They urged the govt. to own the railroads and the telephone and telegraph systems mainly since these infrastructures were managed by large corporations in monopoly. Therefore, they wanted the govt. to step in and make sure that citizens are given the necessary utilities at fair prices. In fact one of the key Populist goals was the decrease in railroad freight rates.

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