YES NO 8 people found this helpful. â After the dot-com bubble burst and the real estate market crashed, trust in the American financial sector was at an all-time low, with many investors pulling out of the market.
Nixon wins presidential election. Eight years after being defeated by John F. Kennedy in the 1960 election, Richard Nixon defeats Hubert H. Humphrey and is elected president. Two years after losing to Kennedy, Nixon ran for governor of California and lost in a bitter campaign against Edmund G. (âPatâ) Brown.
1 One unsuccessful candidate for governor of California was elected President of the United States:  Former Vice President Richard Nixon was the Republican nominee for Governor of California in 1962, and lost to Democrat Pat Brown. Nixon later was elected president in 1968 and reelected in 1972 (Republican).