In 1992, Ross Perot ran unsuccessfully as an independent candidate for President of the United States. Perot was a Texas industrialist who had never served as a public official, but he had experience as the head of several successful corporations and had been involved in public affairs for the previous three decades. Grass-root organizations sprang up in every state to help Perot achieve ballot access following his announcement on the February 20, 1992, edition of Larry King Live. James Stockdale, a retired Navy vice admiral, was Perot's running mate.

The 1992 United States presidential election was the 52nd quadrennial presidential election, held on Tuesday, November 3, 1992. Democratic Governor Bill Clinton of Arkansas defeated incumbent Republican President George H. W. Bush and independent businessman Ross Perot of Texas. The election marked the end of a period of Republican dominance in American presidential politics that began in 1968, and also marked the end of 12 years of Republican rule of the White House, as well as the end of the Greatest Generation's 32-year American rule and the beginning of the baby boomers' 28-year dominance until 2020. It was the last time the incumbent president failed to win a second term until Donald Trump in 2020.