Question

the peoples party was founded to
compete with labor unions, such as the knights of labor.
be a populist alternative to the democratic and republican parties.
ensure that deflation didnt cause too much damage to the overall economy.
done

Explanation:

The People's Party, also known as the Populist Party, was established as a political alternative. It aimed to represent the interests of farmers and laborers who felt neglected by the two major parties (Democratic and Republican). It was not about competing with labor unions like the Knights of Labor (which was more of a labor - focused organization in a different sense) or specifically about deflation (though economic issues were part of its platform, its main identity was as a third - party political alternative).

Answer:

be a Populist alternative to the Democratic and Republican Parties.