What was one reason the populist party failed?

Populists looked to the past and did not develop an agenda for an industrial economy

Explanation:

The populist party was created by farmers. The purpose of this party was to propose the encouragement of small-scale agriculture through the practice of a monetary policy based on the expansion of the monetary and credit base.

The problem is that this only favored people who worked in the agricultural sector. The party had no strategy for the industrial sector, and this was a very promising and important sector for the future. That is why the populist party failed.