Which of the following statements accurately describes the significance of the Populist Party in the 1896 election?

A) The Populist Party's influence led to the establishment of the gold standard in the Democratic Party.

B) The Populist Party's impact on the 1896 election caused the Democratic Party to reject the gold standard.

C) The Populist Party's presence in the 1896 election had no effect on the Democratic Party's stance on the gold standard.

D) The Populist Party's role in the 1896 election resulted in both major parties adopting a bimetallic monetary system.