They are used by workers to produce goods and services similar to the way physical capital is used.
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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Answer:
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