Final answer:
Industrialization impacted both farmers and America as a whole by leading to increased competition and economic hardships for farmers, and by contributing to the rise of the Populist Party as a potential solution for the challenges faced by both farmers and the working class.
Step-by-step explanation:
The industrialization of America in the late 19th century had significant impacts on both farmers and the country as a whole, as reflected in the platform and speeches of the Populist Party.
For farmers, industrialization led to increased competition and economic hardships. The mechanization of agriculture and the expansion of railroads allowed large corporations to exert control over the farming industry, leading to lower crop prices and increased debt for farmers. Additionally, the shift towards urbanization and industrial work drew labor and economic opportunities away from rural farming communities.
On a larger scale, industrialization and its impacts contributed to the rise of the Populist Party. The industrial workers, who were also facing economic challenges, saw the Populists as a potential solution outside of the traditional two-party system. The Populist Party advocated for policies such as a graduated income tax, direct election of U.S. Senators, and loan programs to balance the costs of food, all aimed at addressing the plights faced by both farmers and the working class.