The Populist Party dissolved after William Jennings Bryan's defeat in the 1896 presidential election primarily due to the loss of momentum and relevance in the political landscape. Their platform, which focused on issues like bimetallism and agrarian reform, struggled to compete with the Democratic and Republican parties, which absorbed some of their ideas while marginalizing others. Additionally, the party faced internal divisions and declining support from its base, particularly as economic conditions changed and the focus shifted away from agrarian issues. Ultimately, the failure to secure power led to disillusionment and the party's gradual dissolution.
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