Presidential elections were held in Argentina on 10 April 1892. Luis Sáenz Peña was elected president.
An 1888 massacre of a May Day gathering and an unprecedented financial crisis led to the formation of the first meaningful opposition to develop as reform movements in urban areas, culminating in the Revolution of the Park that forced Juárez Celman's 1890 resignation. These developments gathered speed when the Civic Union of the Youth became the Radical Civic Union (UCR), in 1891. Instability also prompted moderates from within the PAN to advance a diplomat, Roque Sáenz Peña, as the nominee. Roca foiled this move by persuading former Supreme Court Chief Justice Luis Sáenz Peña (Roque's father) to run â forcing the young reformist to withdraw. The UCR's appeal, for its part, helped lead President Carlos Pellegrini (who replaced the besieged Juárez Celman) to declare a state of siege a week before the 10 April 1892 elections. The resulting UCR electoral boycott left the ruling PAN as the only party on the ballot, handing its nominee the presidency unanimously.