The Populist Party grew out the agrarian revolt that rose because of the collapse of agriculture prices following the Panic of 1873. The Farmers Alliance was ultimately unable to achieve its wider economic goals of collective economic action against brokers, railroads, merchants, and many other movements that agitated for changes in national policy. The preamble was written by Minnesota lawyer, farmer, politician, and novelist Ignatius Donnelly. Delegates embraced the platform with great enthusiasms, and many of the specific proposals urged by the Omaha Platform.
What the populist wanted as stated in the Omaha Platform included Coinage of silver to gold at a ratio 16 to 1, Federal loans to farmers, Graduated income tax, Postal savings banks
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Two of them happens but doesn’t happen these include “prohibition of foreign land ownership, and the Ban on use of private “armies” by corporations to break strikes”. Only one happens and is still happening and that would be the Federal loans to farmers
Third parties face many obstacles in the United States. In all states, the Democrats and Republican candidates go on to the ballot automatically, whereas third-party candidates have to get thousands of signatures on petitions just to be able to be listed on the ballot. The state and federal governments, that make the rules for governing elections, are composed of elected Democratic and Republican officials, that are strongly incentive to protect the existing duopoly and they also tend to face financial difficulties because a party must have at least 5 percent of the vote in previous elections to qualify for federal funds.
Third parties key roles is to despite their lack of success in the polls, they can always affect American politics in several different ways like: introducing new ideas by proposing new government policies and ideas, putting issues on the agenda by forcing major parties to address devising problems and keeping the major parties