In a paragraph, describe why the election of 1896 could be considered a turning point in American politics. Be sure to consider the successes and failures of populism. Also consider what happened to the Populist Party, as well as the Democrats and the Republicans, in the years after the election.

The election of 1896 marked a significant turning point in American politics due to the successes and failures of populism. The Populist Party, which emerged in the 1890s, aimed to empower the agrarian class and challenge the dominance of big business. Although the Populists were able to garner significant support among farmers, they ultimately failed to secure a victory in the election of 1896. However, their movement had a lasting impact on American politics, as their ideas were adopted by the two major parties, the Democrats and the Republicans. The Democratic Party, led by William Jennings Bryan, embraced some of the Populist platform, including the call for bimetallism and a more active role of government in regulating business. On the other hand, the Republicans, with William McKinley as their nominee, rejected many populist ideas and championed a pro-business agenda. McKinley's victory not only signaled the decline of the Populist Party but also marked the ascendency of the Republican Party as the dominant political force in the country. In the years that followed, populism faded away as a distinct third party, and its ideas merged with different factions of the two major parties, shaping the course of American politics in the Progressive Era and beyond. Overall, the election of 1896 had far-reaching consequences, as it solidified the long-term political power of the Democrats and Republicans and set the stage for the political and economic debates of the early 20th century.