Final answer:
O'Neill's 5 point plan was introduced as part of the Omaha Platform by the People's Party to propose major economic and political reforms addressing the challenges faced by farmers and the working class during that era.
Step-by-step explanation:
O'Neill introduced his 5 point plan during a period where there was a demand for reforms to address the challenges faced by farmers and the working class. The Omaha Platform, which emerged from the convention of the People's Party in Omaha, Nebraska, called for various policy changes.
These policies included the adoption of the subtreasury plan, government control over railroads, the elimination of the national bank system, creation of a federal income tax, and the direct election of U.S. senators, among others.
These reforms were aimed at creating a federal government that would actively support the economic and social welfare of all citizens, countering the control held by railroad owners, bankers, and big businessmen.
The People's Party, also known as the Populist Party, introduced its 5-point plan as part of the Omaha Platform. This platform was written to explain the goals of the party, which included addressing the issues faced by farmers and promoting a more proactive federal government.
The plan called for the adoption of the subtreasury plan, government control over railroads, an end to the national bank system, the creation of a federal income tax, and the direct election of U.S. senators.
These policies aimed to support the economic and social welfare of all Americans.