The party was short lived because many business leaders began backing the Republican Party by millions of dollars, and the party did not appeal to many people.
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The Populist Party was formed because farmers and laborers called for the abolition of national banks, a graduated income tax, direct election of Senators, civil service reform, a working day of eight hours and Government control of all railroads, telegraphs, and telephones. Many people in the nation were upset with the fact that senators were elected unfairly, and they wanted a direct election so that chances of reforms happening were possible...
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