1987 After many years of research a new drug
AZT is used for the treatment of AIDS. After a long period of growth the
US stockmarket drops 22.6% in one day on October 19 and throughout the
rest of the world major falls are recorded by the end of October with
Hong Kong dropping by 45.8%. In the UK 2 major transport disasters happen
when A cross-channel ferry capsizes and an underground fire in Kings Cross
Tube Station. England also suffers one of the worst storms in history
when Hurricane force winds hit much of the South of England
Cost of Living 1987
How Much things cost in 1987
Yearly Inflation Rate USA 3.66%
Year End Close Dow Jones Industrial Average 1938
Interest Rates Year End Federal Reserve 8.75%
Average Cost of new house $92,000.00
Average Income per year $24,350.00
Average Monthly Rent $395.00
Average Price for new car $10,3055.00
1 gallon of gas 89 cents
1 LB of Bacon $1.80
US Postage Stamp 24 cents
Dozen Eggs 65 cents
What Events Happened in 1987
US Stock
Market Crashes on Monday, October 19, 1987 with a 508 point drop
or 22.6%
Stockmarkets around the world follow with
falls, by the end of October Australia had fallen 41.8%, Canada
22.5%, Hong Kong 45.8%, and the United Kingdom 26.4%.
King's Cross fire was an underground
fire in Kings Cross Tube Station in London on November 18, 1987, which
killed 31 people
The World's Population reaches approx
five billion (5,000,000,000)
The USS Stark a Frigate is attacked
by an Iraq Air to Sea missile Which is "an Accident" and 30
US Sailors are killed
Terry Waite, the special envoy of the
Archbishop of Canterbury in Lebanon, is kidnapped in Beirut
Supernova is observed, the first "naked-eye"
supernova since 1604.
A cross-channel ferry capsizes outside the
harbor off Zeebrugge, Belgium - 180 drown
Margaret Thatcher is elected as Prime
Minister of the United Kingdom for the third time
Fox Broadcasting Co. made its prime-time TV
debut
Tamil Tigers plant a massive bomb in the Sri
Lankan capital, Colombo killing more than 100
In the United Kingdom, Michael Robert
Ryan kills 16 People in Hungerford with an assault rifle and then commits
suicide
Hurricane force winds hit much of the South
of England killing 23 people
An IRA Bomb is let off at Remembrance Day
Service in Eniskillin Northern Ireland
Alan Greenspan succeeds Paul Volcker
as chairman of the Federal Reserve Board
The Nazi war criminal Klaus Barbie
/ Butcher of Lyon found guilty of crimes against humanity
The Greenpeace ship Rainbow Warrior
is sunk when French agents plant a bomb on the hull
British Airways Merges With British
Caledonian to compete with large US Airlines
Sikh terrorist attacks Hindu bus passengers
in India leaving 72 dead
A rare earthquake 5.0 on the Richter
scale affects 14 states in the Midwest and parts of Canada
Docklands Airport Opens in London
Manilla Philippines Ferry Accident
resulting in 4,000 dead
Popular Culture 1987
Prozac makes its debut in the United States
Televangelist Jim Bakker Scandal
The Simpson's seen on TV for the first time
British Government Stops Publication
in Britain of Spycatcher Book
Popular Films
Three Men and
a Baby
Fatal Attraction
Beverly Hills Cop II
Good Morning, Vietnam
The Untouchables
Stakeout
Lethal Weapon
The Witches of Eastwick
The Last Emperor
Wall Street
Dirty Dancing
RoboCop
Moonstruck
Popular Musicians
Michael Jackson
with " BAD "
Lionel Richie
Fleetwood Mac
Peter Gabriel
Janet Jackson
Heart
Whitney Houston
Bruce Hornsby and " The Range "
George Michael with " Faith "
Bryan Adams
Bananarama
Aretha Franklin
George Michael
U2 with " With or Without You "
Technology 1987
The Food and Drug Administration approves
anti-AIDS drug AZT.
The First Criminal convicted using DNA Evidence
Robert Melias in England
Work on the Channel Tunnel joining UK and
France begins
Clive Sinclair launches the Z88 Portable Computer
weighing under 2 LBS
1987 is shortened by 1 second to adjust to
the Gregorian calendar
Disposable Contact Lenses became available
for commercial distribution
Inventions Invented by Inventors and Country
(or attributed to First Use)
