In a paragraph, trace the economic and political impact of farmers' movements in the late 1800s.

(4 points)

The farmers' movements in the late 1800s had significant economic and political impacts. Economically, these movements were a response to the economic hardships faced by farmers during this time. Low crop prices, high transportation costs, and heavy debt burdens all contributed to their struggles. In response, farmers organized themselves into various groups, such as the Grange and the Farmers' Alliance, to advocate for their economic interests. They called for government intervention to regulate railroad rates, establish cooperative stores and banks, and promote the free coinage of silver. These demands influenced economic policies, leading to the creation of the Interstate Commerce Commission in 1887 and the eventual adoption of the Populist Party's platform, which included support for silver coinage. Politically, the farmers' movements challenged the established political order dominated by the two major parties. The Populist Party emerged as a major force, advocating for the interests of farmers and the working class. Though they didn't achieve significant electoral success, their influence was felt as major political parties began adopting some of their platforms. Farmers' movements highlighted the growing discontent among rural Americans and the need to address their concerns, ultimately leading to a shift in political power in the early 20th century. Overall, the farmers' movements of the late 1800s had profound economic and political implications, shaping policies and challenging the established political order.