When a large portion of the electorate abandons it's previous party affiliation.
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what are the characteristics of party de-alignment
There are various characteristics of party de-alignment. They include breaking of ties between the parties involved, the electorate will abandon the affiliation with the other party and so much more.
the populist party
Democratic party, which replaced the Bull Moose party
A third party, a single-issue party, and a long-existing party.