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Cost of Living 1986
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
Median Price Of and Existing Home $80,300
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
Below are some Prices for UK guides in Pounds Sterling
Average House Price 44,040
Gallon of Petrol 1.89
Yearly Inflation Rate UK 3.4%
Interest Rates Year End Bank of England 10.88%
| A Few More Examples |
Casio Portable Color Television $249.99
Tandy 600 Portable Computer $1599.00
Jar Of Skippy Peanut butter $1.49
Potatoes 5 Lbs $1.00
Broccoli Lb 39 Cents
Bacon per pound $1.75
Plymouth Colt $4,999
Ford Mustang $7,452
10 acres plus 3 bed home Fully modernised all appliances large kitchen $71,000
What Events Happened in 1986Libya
- US bombs Libya in protest at Libyan sponsorship of terrorist organizations involved in the bomb exploded in the crowded La Belle disco in Berlin, Germany.
- 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
- Spain and Portugal join the EEC
- John McCarthy, a British TV journalist, is kidnapped in the capital of Lebanon, Beirut.
- Soviet Nuclear reactor at Chernobyl explodes on April 26th causing release of radioactive material across much of Europe.
1. A nuclear power station in Chernobyl, Ukraine (which was still a part of the Soviet Union) exploded during April of 1986, causing a huge nuclear disaster.
2. Due to the explosion, large amounts of radiation and radioactive material was released into the local environment, effecting the health and safety of thousands of people including plant workers, clean-up workers, and the local population.
3. The explosion and resulting fire were caused by an experiment gone wrong, the presence of design flaws in the reactor, and a lack of safety oversight.
4. Hundreds of thousands of people were displaced by the disaster as the Soviet Union evacuated and closed off he surrounding area within 18 miles of the nuclear plant.
5. The explosion at Chernobyl not only damaged the surrounding environment with radiation, parts of Europe, notably Sweden and Finland, were also hit with contaminated dust and air from Chernobyl as it traveled through the atmosphere.
6. Eventually clean-up workers were able to contain the nuclear disaster by putting a concrete "sarcophagus" over the damaged reactor, but it was still thought to be somewhat unstable.
7. During the late 1990s to mid-2000s Europe and Ukraine worked together to create an even more permanent and stable cover to contain the radiation.
- The first "Goodwill Games" are held in Moscow.
The very first “Goodwill Games” were held in Moscow in July of 1986. Created by media mogul Ted Turner, the games were a multi-sport competition similar to the Olympics. There were a total of 3,000 athletes from 79 different countries who participated in the 182 events. At the end of the first games the Soviet Union had won the most medals with a total of 241 and the United States had the second most with 142. The Goodwill Games continued every 4 years until 2001 when they were ended.
- British newspapers move to Wapping , East London in an attempt to break print union stranglehold over the newspaper industry
- M25 circling London is completed
- Gorbachev steps up reform programme in Russia introducing Perestroika ( restructuring ) and Glasnost ( openness )
- Comet Halley reaches the closest point to the Earth, during its second visit to the solar system in the 20th century.
Several space probes fly-by Halley’s Comet in March of 1986. Just after Halley’s comet had its closest approach to Earth during the previous month multiple space probes belonging to various countries and their space agencies had their chance to observe the comet as it went past. The probes that encountered Halley’s comet during March included Japan’s Suisei and Sakigake, the Soviet Union’s Vega 1 and Vega 2, the European Space Agency’s Giotto, and NASA’s International Cometary Explorer, making up what was called “Halley’s Armada.” ESA’s Giotto became the first spacecraft to observe a comet up close, and it was the just under 600 kilometers away from the comet at its closest (the next closest probe in the Armada was about 8,000 kilometers away). All of the probes made important observations about Halley’s comet, taking different types of measurements and collecting data as it passed.
- The "Hands Across America" charity event is held.
The large public charity event “Hands Across America” is held during May of 1986. The publicity campaign asked Americans to join hands in a human chain across the country. Those who participated were asked for a ten dollar donation to get a place in the line. Approximately six and a half million people participated. The money raised from the donations was used to help people in poverty through local charities. The event was held by the same group of people that made USA for Africa.
- The Space Shuttle Challenger disintegrates 73 seconds after launching, killing all seven astronauts on board.
1. The Space Shuttle Challenger is destroyed shortly after it launched during January of 1986.
2. The space shuttle was launching from Cape Canaveral in Florida and its mission was to bring seven astronauts into space including a teacher who had been specially chosen and trained to join the mission.
3. Tragically, all of the astronauts on board where killed in the explosion.
4. It was later discovered that O-rings on the rocket booster had been compromised in colder temperatures that were experienced in the days leading up to the launch.
5. The O-ring issue had caused the fuel tank to become damaged and the space shuttle to disintegrate.
6. Due to the disaster the Space Shuttle program was suspended for two years while the issue was investigated and safety features were improved.
7. The disaster was investigated by a special government commission which found that NASA had been warned about the potential design issues but chose not to act on the warnings.
- The stage musical "Phantom of the Opera" debuts in London's West End.
1. Andrew Lloyd Webber’s stage musical adaptation of “The Phantom of the Opera” has its West End debut during October of 1986.
2. The musical proved to be incredibly popular and won Musical of the Year and Best Actor in a musical for lead Michael Crawford at that year’s Laurence Olivier Awards in London.
3. “The Phantom of the Opera” made its way to Broadway in 1988, where it would win several Tony Awards.
4. It has since become the second longest-running musical in the West End (behind Les Misérables) and the longest-running musical on Broadway.
5. It is estimated to have earned over $5 billion and been seen in 148 cities by over 130 million people.
- Violence continues to escalate in Northern Ireland during the Orangemen Parades in Dumcree and Portadown with more innocents killed during the troubles.
- Pan Am Flight 73 with 358 people on board is hijacked at Karachi International Airport by four armed men
- Bomb Explodes on TWA Jet over Greece blowing hole in aircraft sucking 4 passengers out
- Earthquake measuring 7.5 on the Richter Scale strikes San Salvador, El Salvador, killing an estimated 1,500 people.
- 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.
- The London Stock Exchange is deregulated allowing computerized share dealing ( The Big Bang )
- Bovine spongiform encephalopathy (BSE), commonly known as mad cow disease first identified Following an epidemic of BSE in Britain, 157 people (as of 2004) acquired and died of a disease with similar neurological symptoms subsequently called vCJD, or (new) variant Creutzfeldt-Jakob disease.
- Mike Tyson becomes the youngest Heavyweight Champion in history
- South African troops launch multiple raids on Zambia, Zimbabwe and Botswana
- 175 Gold Miners Die in Kinross mine in the Eastern Transvaal, South Africa
- The experimental aircraft Rutan Voyager makes the first continuous non-stop flight around the world without refueling.
On December 23rd of 1986, the experimental aircraft Rutan Voyager became the first aircraft to fly a continuous non-stop round the world flight without refueling. The aircraft made of a lightweight graphite amd took about six years to construct. It was piloted by Dick Rutan and Jeana Yeager. The record-breaking around the world flight took nine days and they traveled a total of 25,012 miles. When they landed back at Edwards Air Force Base, the Rutan Voyager had only five gallons of fuel left in its tank.
- The famous Studio Ghibli releases its first animated film during this year.
1. The first Studio Ghibli film “Luputa: Castle in the Sky” was released during August of 1986.
2. The animated film was written and directed by the iconic Japanese film maker and Studio Ghibli co-founder, Hayao Miyazaki.
3. The film was re-released with some success in the U.S. in 2003 after having been released in limited forms previously.
4. “Castle in the Sky” was an impressive film for the new animation studio, winning several awards and ranking on many lists as one of the best animation films ever released.
5. Miyazaki and Studio Ghibli would go on to make several other popular films including “My Neighbor Totoro,” “Princess Monoke” and “Spirited Away.”
- The Oprah Winfrey Show debuts nationally.
The Oprah Winfrey Show debuts nationally during September of 1986. The show had been a success with the local Chicago audience and rising host Oprah Winfrey soon signed a syndication deal. Her show soon became the highest-rated talk show in the U.S. and aired for 25 seasons, winning over 45 Daytime Emmy Awards. Using her show as a platform, Oprah became an influential figure in popular culture and is now ranked as one of the wealthiest and most powerful African-American women in the country. The Oprah Winfrey Show made over 4,500 episodes before it ended in 2011.
- The South African government censors reporters and the news media from reporting unrest throughout the country.
- The Soviet Union launches the Mir space station.
The Soviet Union launches the core unit of the Mir Space Station into Earth’s orbit in February of 1986. Mir was the largest space station ever created at that point in time and between 1987 and 1996 five expansion modules were added to the core unit. During the next month after its launch Mir became inhabitable and remained occupied by over one-hundred space travelers from twelve countries until June of 2000. After 14 years of service the Mir Space Station was abandoned by Russia and the defunct station returned to Earth in March of 2001 with a controlled re-entry.
- Richard Branson on the 72 ft powerboat Virgin Challenger II breaks the world record for the fastest crossing of the Atlantic.
The Virgin Atlantic Challenger II powerboat broke the world record for the fastest crossing of the Atlantic Ocean during June of 1986. Manned by Richard Branson, the millionaire entrepreneur, the 72 foot boat was competing for the “Blue Riband” trophy and broke the record for fastest crossing of the Atlantic. However, the Hales’ Trustees who give out the award denied him the prize saying that he was disqualified for refueling twice during the trip and for the fact that his boat was not a commercial vessel. Despite this, it was still an accomplishment for Branson as he had attempted the 3,000 mile trip during 1985 but was unable to finish when his boat sank less than 150 miles away from the British coast.
- Smoking is banned on all public transport including trains, planes, busses and coaches
- Lethal gas from the volcanic Lake Nyos in Cameroon, West Africa kills 1,500
- Swedish Prime Minister Murdered
- A full survey is carried out of Loch Ness hoping to find proof that Nessie exists.( No Proof Found )
- The experimental airplane Voyager, completed the first non-stop, around-the-world flight
- The Duchess of Windsor, Wallis Simpson, is laid to rest alongside her husband King Edward VIII
- A mass uprising by Palestinians against Israeli military occupation, begins in Jabalia refugee camp and spread to Gaza
- A british newspaper reveals information that Israel has Secret Nuclear Weapons including 100 nuclear war heads.
- Micronesia Gains Independence From the United States
- US introduces sweeping tax reform legislation
- Argentina Wins 1986 World Cup in Mexico
- 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
Inventions Invented by Inventors and Country ( or attributed to First Use )
High Temperature Superconductor Switzerland
Nicotene patch Frank Etscorn
1986 Mens and Womens Fashion ClothesPart of our Collection of Clothing From The1980's
1986 Childrens ToysPart of our toy collection From The1980's
Popular Culture 1986
- first ten musicians are inducted into Rock 'n' Roll Hall of Fame
- Top Gun
- Crocodile Dundee
- The Karate Kid, Part II
- Star Trek IV: The Voyage Home
- Ruthless People
- The Color of Money
- The Money Pit
- Billy Joel
- Robert Palmer
- Lionel Richie
- Van Halen
- The Police
- Debbie Harry
- Simply Red
- Whitney Houston with " the greatest love of all "
- The Pretenders
- The Bangles with " Walk Like and Egyption "
- Chris de Burgh
- Madonna with " Papa Don't Preach "
- Culture Club
- Bruce Springsteen
- Pet Shop Boys
Popular TV Programmes
- Magnum, P.I.
- Falcon Crest
- Hill Street Blues
- Cagney and Lacey
- Family Ties
- Remington Steele
- The A-Team
- The Adventures of Sherlock Holmes (UK)
- Highway to Heaven
- Murder, She Wrote
- The Bill (UK)
- The Cosby Show
- Growing Pains
- Only Fools and Horses (UK)
- The Twilight Zone
Major World Political Leaders 1986Australia Prime Minister Brazil President José SarBob Hawke ney Canada Prime Minister Brian Mulroney
China Chairman of the People's Republic of China Li Xiannian
France President François Mitterrand
Germany Chancellor Helmut Kohl
India Prime Minister Rajiv Gandhi
Italy Prime Minister Bettino Craxi
Japan Prime Minister Yasuhiro Nakasone Mexico President Miguel de la Madrid Russia / Soviet Union
General Secretary of the CPSU Mikhail Gorbachev South Africa State President Pieter Willem Botha United States President Ronald Reagan United Kingdom Prime Minister Margaret Thatcher