1986 Following a number of trouble free years in Space Exploration the Space Shuttle Challenger explodes shortly after take off watched by people live on TV around the world. The Internet Mail Access Protocol defined which opens the way for E-Mail and the same year the Human Genome Project is launched to understand the Human Makeup , this will open the way for great advances in the treatment of many illnesses. The worst ever Nuclear Disaster occurs as the Chernobyl Nuclear Power Station Explodes causing the release of radioactive material across much of Europe. In the UK (BSE), commonly known as mad cow disease is identified which causes many deaths over the next few years and a major reform in farming practices.
Our President: Ronald Reagan
How Much things cost in 1986
Yearly Inflation Rate USA1.91%
Year End Close Dow Jones Industrial Average 1895
Interest Rates Year End Federal Reserve 7.50%
Average Cost of new house $89,430.00
Average Income per year $22,400.00
Average Monthly Rent $385.00
Average Price for new car $9,255.00
1 gallon of gas 89 cents
Casio Portable Color Television $249.99
Tandy 600 Portable Computer $1599.00
Bacon per pound $1.75
National Debt
12/31/86 under President Reagan, the national debt was $2,214,835,000,000 (in current dollars)
12/31/10 under President Obama, the national debt was $14,025,215,218,709 (in current dollars)
What Events Happened in 1986
* Breakthrough in US - USSR Arms Talks between Reagan and Gorbachev leads to commitment to disarm thus ending a long period of instability caused by the Cold War
* Approximately Seven million Americans join hands in "Hands Across America"
* Iran-Contra Affair President Ronald Reagan's administration sold arms to Iran, an avowed enemy. At the time, Americans were being held hostage in Lebanon by Hezbollah, a militant Shi'a organization loyal to Ayatollah Khomeini.
* Mike Tyson becomes the youngest Heavyweight Champion in history
* Smoking is banned on all public transport including trains, planes, busses and coaches
Technology
The United Kingdom and France announce plans to construct the Channel Tunnel.
Space Shuttle Challenger disintegrates after launch, killing all on board
The Soviet Union launches the Mir space station
IBM unveils the PC Convertible, the first laptop computer.
British Surgeons perform the worlds first triple transplant ( Heart, Lung and Liver )
Internet Mail Access Protocol defined for e-mail transfer
The 386 series of microprocessor introduced by Intel.
Human Genome Project launched with the object to understand the human genome and therefore provide the continuing progress of medicine, It was announced in 2000 to be completed by Bill Clinton and Tony Blair
Popular Films
Top Gun
Crocodile Dundee
Platoon
The Karate Kid, Part II
Star Trek IV: The Voyage Home
Aliens
Ruthless People
The Color of Money
The Money Pit
Popular Musicians
Billy Joel
Robert Palmer
Lionel Richie
Van Halen
The Police
Debbie Harry
Simply Red
Whitney Houston with " the greatest love of all "
The Pretenders
Genesis
The Bangles with " Walk Like and Egyption "
Chris de Burgh
Madonna with " Papa Don't Preach "
Prince
Culture Club
Bruce Springsteen
Pet Shop Boys
Popular TV Programs
Magnum, P.I.
Dynasty
Falcon Crest
Hill Street Blues
Cagney and Lacey
Cheers
Fame
Family Ties
Remington Steele
The A-Team
Highway to Heaven
Murder, She Wrote
The Cosby Show
EastEnders
Growing Pains
Neighbours
The Twilight Zone