Final answer:
Bill Clinton won the 1992 presidential election due to his effective economic policies and strategy of appealing to a wide electorate by positioning himself as a New Democrat, which resonated with voters dealing with economic hardship caused by a recession.
Step-by-step explanation:
One significant reason Bill Clinton won the presidency in 1992 was his adeptness in addressing the economic concerns of Americans who were facing difficulties due to a recession. His administration's economic policies were focused on fixing the economy, which included strategies such as limiting spending to reduce the national deficit and enacting tax policies that targeted various sectors of the population appropriately. Furthermore, Clinton managed to appeal to a broader range of voters by portraying himself as a New Democrat, favoring free trade and deregulation on one hand, while also promising higher taxes on the rich and reforms to the welfare system to appeal to middle-class concerns.
Clinton's campaign was strategic in exploiting President Bush's vulnerabilities, particularly on economic and tax issues, as the country faced a minor recession and Bush had broken his promise of "no new taxes." The resultant drop in Bush's approval ratings, in conjunction with Clinton's message of economic recovery and balancing the federal budget, resonated well with voters, leading to his electoral success.