Third Parties

Definition

Third parties refer to political parties other than the two major parties (Democratic and Republican) in a two-party system. These parties often arise to challenge existing policies or advocate for specific interests not represented by either major party.

Related terms

Bull Moose Party: Also known as Progressive Party, it was formed during Theodore Roosevelt's campaign for presidency in 1912 as an alternative to both Democrats and Republicans.

Greenback Party: A party created during the late 19th century advocating for inflationary monetary policies and the use of greenback currency.

Socialist Party: A political party that emerged during the late 19th century advocating for socialist principles such as public ownership and redistribution of wealth.