This is the second episode in an occasional series examining influential elections in U.S. history. The first installment, The Election of 1980, was published on March 4.

A Republican incumbent faced a Democratic challenger trying to end 12 years of GOP control of the White House. A right-wing insurgent and a Texas businessman tried to upend the status quo by appealing to populist grievances against "the establishment." The election of 1992 was the first of the post-Cold War period, making it the first presidential contest of the era we live in today. In this episode, historians Jeffrey Engel and Jeremi Suri discuss and debate its enduring significance.