Why was the election of 1992 significant?

The 1992 U.S presidential election for the first time in 16 years saw a woman was a candidate for Vice President. There were three major candidate: 1) Republican President George H.W. Bush 2) Democratic Arkansas Governor Bill Clinton 3) Independent Texas businessman Ross Perot.
Geraldine Ferraro was the first woman to run for vice president on a major party ticket in 1984. She lost in a landslide, and died at 75 years old.