Paraphrase in your own words, describe what the populist party views as the failings of the two major parties

The People's Party was a political party founded in 1891 by leaders of the populist movement.

The emergence of the party occurs in a context of economic discontent on the part of the ruralistas. The context was of financial oppression to the detriment of the financial interests of the Eastern elites, which resulted in indebtedness and breakdown of farmers in the productive south.

In this context, the People's Party emerges through the alliance of farmers. The People's Party was a counterpoint to the interests of the Republican Party elites, but it also opposed the established racism of the Democratic Party.

In this sense, it can be said that the merger of the People's Party influenced the adoption of progressive guidelines by the Democratic Party.