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Cost of Living 1989
| How Much things cost in 1989 |
Yearly Inflation Rate U.S.A. 4.83%
Year End Close Dow Jones Industrial Average 2753
Interest Rates Year End Federal Reserve 10.50%
Average Cost of new house $120,000.00
Average Income per year $27,450.00
Average Monthly Rent $420.00
Average Price for new car $15,3500.00
1 gallon of gas 97 cents
Below are some Prices for UK guides in Pounds Sterling
FTSE 100 Average 2200 Average House Price 71,733 Gallon of Petrol 1.68 Yearly Inflation Rate UK 7.8% Interest Rates Year End Bank of England 14.88%
| More Examples of Prices |
US Postage Stamp 25 cents
BMW 325 $21,400
Ford Probe $12,695
Ham and Cheese Pizza $2.59
Rib Eye Steak Lb $3.79
Ritz Crackers $1.79
Barbie's Dancetime Shop $24.98
Ghostbusters Table-top Pinball $19.85
Country Home 1 acre 4 bedrooms wrap round porch Bay Windows $166,000
What Events Happened in 1989Russia
- USSR pulls out of Afghanistan
- PLO and Israel begin preliminary talks
- Pro democracy protesters clash with Chinese Security Forces
- Tokyo Stock Market Crash ends Japans long period of high Economic Growth
- The Registered Partnership law is passed in Denmark which grants same sex couples many of the rights and responsibilities of marriage
- Violence in black townships worsen with over 2,500 killed
- New Prime Minister in South Africa F.W. de Klerk starts to dismantle apartheid
- Free Elections in Poland bring Solidarity to power
- 200,000 protesters in Prague, Czechoslovakia call for the resignation of the country's communist government in the "Velvet Revolution".
- Following the protests free elections are held in Czechoslovakia
- The Galileo Spacecraft is launched by NASA on October 18th
On October 18th, 1989 NASA launched the Galileo spacecraft. The Galileo spacecraft’s mission was to probe Jupiter’s atmosphere and study the largest planet and its moons for two years. The spacecraft was purposefully plunged into Jupiter’s atmosphere on September 21st, 2003 to take some final measurements and be destroyed. On its way to Jupiter, Galileo spent time studying Earth, Venus, the Moon, and two asteroids. It orbited Jupiter for two years and observed the surrounding satellites, collecting amazing photos of the planet and identifying evidence that there was possibly liquid water under the surface of Europa, a moon of Jupiter. The Galileo Spacecraft was hugely successful in its missions and made several new and exciting discoveries.
- After 30 years the Cold War between East and West ends following the Malta conference and the Berlin Wall comes down
United States President George Bush and Soviet Union President Mikhail Gorbachev meet to discuss the end of the Cold War on December 2nd and 3rd of 1989. They held their Summit in Malta not long after the fall of the Berlin Wall. The Soviet Union was beginning its break down at the time of the meeting and signaled an easing of tensions between the two world powers. Bush and Gorbachev declared an end to the Cold War principles and a continued commitment to reducing arms and cooperating. At the end of the two day meeting they effectively declared an end to the Cold War, an ideological and tension conflict stemming from the end of World War II.
- Partial elections in USSR
- Massive protests and either side of the Berlin Wall bring about the collapse of the East German Government and the Berlin Wall is breached and eventually dismantled and The Brandenburg Gate opened
- Thousands of Students occupy Tiananmen Square in Beijing China protesting for democracy , Chinese Government Declares martial law and Hundreds of Demonstrators are killed
- Following the Tiananmen Square incident the US and other countries around the world place sanctions on China
- George Bush Snr becomes president of the United States
- The United States Supreme Court ruled on June 21st that flag burning as a form of political protest is an act of protected speech under the First Amendment to the Constitution.
- The Phillips 66 Chemical Complex in Houston, Texas has a series of explosions and fires killing 23 employees.
- One of the deadliest tornadoes in modern times strikes Saturia, Bangladesh Tornado killing as many as 1,300
- Toyota launches it's luxury brand the Lexus
- Serial killer Ted Bundy is executed in Florida's electric chair
- The Mirage Hotel and Casino opens in Las Vegas as the first huge resort hotel
- 12 European Community nations agree to ban the production of all chlorofluorocarbons (CFCs) by the end century
- United States provide assistance to Columbia Government to Battle Drug Lords
- In Egypt, a 4,400-year-old mummy is found in the Great Pyramid of Giza
- A UK 747 crashes on the M1 Motorway
- Sky TV Launched In UK
- In Alaska's Prince William Sound the Exxon Valdez spills 240,000 barrels (11 million gallons) of oil after running aground
The Exxon Valdez oil tanker becomes grounded in Alaska’s Prince William Sound on March 24th, 1989. The tanker’s hull ruptures and around eleven million gallons of crude oil begins spilling into the ocean. The oil spill turned into a huge ecological disaster and thousands of wildlife were harmed or died as a result. About ten thousand people were involved in the clean-up and there was millions of dollars of damage done to the environment. The local economies that relied on fishing and tourism also suffered as a result of the oil spill, losing millions of dollars in the following years. Over 1,000 miles of coastline was damaged by the spill and 25 years later some areas and wildlife are still being negatively impacted.
- Nintendo releases the Game Boy in Japan in April and in North America in July
Nintendo releases the Game Boy handheld gaming system in North America on July 31st, 1989. The Game Boy was the first 8-bit handheld system that used different cartridges that could be interchanged to play different games. It had already been released in Japan in April of 1989 and was later released in Europe in September of 1990. It was created by Nintendo employee Gunpei Yokoi who worked in the research and development department. Gunpei Yokoi’ s other notable creation other than the Game Boy was the Metroid video game series.
- Hillsborough disaster occurred on April 15th , 1989, at Hillsborough, a football stadium in Sheffield, England, resulting in the loss of 96 lives.
- British police arrest 250 for celebrating the summer solstice at Stonehenge
- Leona Helmsley the billionaire hotel operator is convicted on Tax Fraud Charges
- The Serial Killer Ted Bundy is executed in Florida
- Marchioness pleasure boat collides with a barge on the River Thames adjacent to Southwark Bridge and 51 die.
- The Loma Prieta earthquake, measuring 7.1 on the Richter scale, strikes San Francisco Bay Area in California, killing 63
- The Savings and Loan Crisis leads to nearly 1/4 of all savings and loan associations requiring bailout dur to poor real estate lending practices and an easing of regulatory oversight .
- The Baltic Way peaceful protest is held on August 23rd, 1989.
On August 23rd, the "Baltic Way" peaceful protest was held. During this protest an estimated two million people joined hands to form a human chain that spanned over three-hundred and seventy miles across the Baltic region.
The chain went through Soviet-controlled Estonia, Latvia and Lithuania. The protest was organized by pro-independence groups and was meant to showcase solidarity between the nations in Baltic region, highlighting their desire for independence from the USSR.
The protest was held on the 50th anniversary of the Ribbentrop-Molotov Pact, an agreement between Nazi Germany and the Soviet Union that divided Eastern Europe into German and Soviet spheres and allowed for the occupation of the Baltic region by the USSR in 1940. All three countries were independent from the Soviet Union by 1991.
- Marc Lépine shoots and kills 14 women students at École Polytechnique in Montreal
- The Montreal Protocol to end ozone depletion enters into force
- Hurricane Hugo ( Category 5 ) strikes Puerto Rico, St. Croix, Guadeloupe, Montserrat, South Carolina and North Carolina, the hurricane claimed over 80 lives and in 1989 was the costliest hurricane in financial terms up the that date.
- Ayatollah Ruhollah Khomeini issues a ( FATWA ) death sentence on British writer Salman Rushdie for the Satanic Verses
- Yugo Cars go bankrupt
- Ford buys Jaguar
- Civil War in Lebanon increases between Christian and Islamic Fundamentalists
- The US Government provides a $150 billion bail out for hundreds of saving and loan associations
- The first of 24 satellites of the Global Positioning System is placed into orbit
- Nintendo begin selling the Game BoyFind More Toys From the 1990s in Japan
- Voyager II passes the planet Neptune and its moon Triton and sends pictures back to earth.
- The 486 series of microprocessor introduced by Intel.
- Scientists pronounce 1989 as the warmest on record possibly a sign of the greenhouse effect
- Florida and Virginia allow use of DNA genetic fingerprinting evidence as admissible
- First release of Microsoft Office. which was a bundle of Microsoft's office applications, such as Microsoft Word, Microsoft Excel , Dependent on the Version you purchased would depend on which applications were included
1989 Mens and Womens Fashion ClothesPart of our Collection of Clothing From The1980's
1989 Childrens ToysPart of our toy collection From The1980's
Popular Culture 1989
- The first episodes of the Simpsons are shown
- Indiana Jones and the Last Crusade
- Lethal Weapon 2
- Back to the Future Part II
- Ghostbusters II
- The Little Mermaid
- Driving Miss Daisy
- Dead Poets Society
- Licence to Kill
- Honey, I Shrunk The Kids
- My Left Foot
- When Harry Met Sally.
- Duran Duran
- Paul McCartney
- Phil Collins
- The Bangles
- New Kids On The Block
- Depeche Mode
- Paula Abdul
- Garth Brooks
- Elvis Costello
Major World Political Leaders 1989Australia Prime Minister Bob Hawke Brazil President José Sarney Canada Prime Minister Brian Mulroney
China Chairman of the People's Republic of China Yang Shangkun
France President François Mitterrand
Germany Chancellor Helmut Kohl
India Prime Minister Rajiv Gandhi Till 2 December
India Prime Minister Vishwanath Pratap Singh From 2 December
Italy Prime Minister Ciriaco de Mita Till 22 July
Italy Prime Minister Giulio Andreotti From 22 July
Japan Prime Minister Noboru Takeshita Till 3 June
Japan Prime Minister Sosuke Uno From 3 June
Japan Prime Minister Sosuke Uno Till August 10th
Japan Prime Minister Toshiki Kaifu From 10 August
Mexico President Carlos Salinas de Gortari Russia / Soviet Union
General Secretary of the CPSU Mikhail Gorbachev South Africa State President Pieter Willem Botha Till 15 August
South Africa State President Frederik Willem de Klerk From 20 September
United States President Ronald Reagan Till January 20,
United States President George H. W. Bush From January 20,
United Kingdom Prime Minister Margaret Thatcher