Which U.S. presidential election was the first to exceed $1 billion in combined campaign spending by the major party candidates?

Political campaigns are increasingly expensive operations, with modern presidential races requiring massive fundraising efforts. The cost of campaigns has risen dramatically over the decades due to expanded media presence, longer primary seasons, and the growth of super PACs following the Citizens United ruling. This poll tests your knowledge about the financial aspects of major U.S. political campaigns and the economic impact of election cycles.

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2004 (George W. Bush vs. John Kerry)
2008 (Barack Obama vs. John McCain)
2012 (Barack Obama vs. Mitt Romney)
2016 (Donald Trump vs. Hillary Clinton)