Final answer:
The statement about Eugene V. Debs running for president as a Socialist Party leader is true. He was a significant figure in labor and political history and ran for president five times, influencing municipal governments though never winning the presidency. So, the given statement is true.
Step-by-step explanation:
The statement that Eugene V. Debs was a famous candidate for president as a leader of the Socialist Party is true.
Debs ran as the Socialist Party candidate for president in 1912 and in four other elections between 1900 and 1920.
In the 1912 election, he garnered 900,000 votes, which was 6 percent of the popular vote.
Debs's involvement in labor activism and his leadership in the American Railway Union were pivotal to his political career.
Although the Socialist Party did not win any presidential elections, their influence was seen in local and state elections, with the election of over seventy Socialist mayors and more than thirty state legislators, as well as two U.S. congressmen.
Debs ran for president while advocating for radical changes to the United States political and economic systems.
His campaign was the peak for the Socialist Party in US presidential politics, and their presence was influential in shifting public discourse but they faced challenges in the national political landscape due to the political and cultural conservatism at the time.
So, the given statement is true.