The Populist movement was preceded by the Farmer's Alliance and the Grange. ... 1908 presidential elections, but the heyday of the party's influence was over. ... The Gilded Age and the Second Industrial Revolution.
When the Populist Party saw that the two major parties were falling, they took it as an opportunity to gain voters for the next elections. They blamed the terrible state of the economy of both parties, not just one. More voters rushed to the party, but the party dissolved soon.