Athens in the 5th to 4th century BCE had an extraordinary system of government: democracy. Under this system, all male citizens had equal political rights, freedom of speech, and the opportunity to participate directly in the political arena.
Inflation raises prices, lowering your purchasing power. It also lowers the values of pensions, savings, and Treasury notes. Assets such as real estate and collectibles usually keep up with inflation. Variable interest rates on loans increase during inflation.
The Populist party wanted the government to take over the railroads.
The Populist party mostly made up of farmers who had several grievances such as:
- railroads overcharging them to transport their goods
- the use of gold instead of silver to back the U.S. dollar
- high charges on telegraph
In order to address these, they formed the Populist party where they called on the U.S. government to take over the railroads and telegraph wires so that the government would give them better rates.
In conclusion, the Populist party wanted more government interference so that they would be able to access the railroad and telegraph at cheaper rates.
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