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Cost of Living 1992How Much things cost in 1992
Yearly Inflation Rate USA3.03% Year End Close Dow Jones Industrial Average 3301 Interest Rates Year End Federal Reserve 6.00% Average Cost of new house $122,500.00 Average Income per year $30,030.00 Average Monthly Rent $519.00 Cost of a gallon of Gas $1.05 1 LB of Bacon $1.92 Average cost of new car $16,950.00
Below are some Prices for UK guides in Pounds Sterling
Average House Price 68,634 Gallon of Petrol 2.13 Yearly Inflation Rate UK 3.7% Interest Rates Year End Bank of England 6.88% FTSE 100 Average 2500
From Our 1992 toys Page
What Events Happened in 1992Israel
- Yitzhak Rabin comes to power in Israel promising to pursue peace talks with PLO
- US and UN intervention tries to end famine and civil war in Somalia with Operation Restore Hope.
1. Somalia was involved in various conflicts throughout the 1970s and 1980s leading to the outbreak of a civil war under dictator Muhammed Siad Barre. In 1991 Barre was overthrown and fled the country.
2. The United States had tried to bring food aid to the country starting in April of 1992 in "Operation Provide Comfort" but the deliveries were impeded by the fighting.
3. President George H.W. Bush authorized "Operation Restore Hope' which brought American forces to Somalia to help with famine relief and strengthen the United Nations' United Task Force's efforts.
4. Beginning on December 9, 1992 about 25,000 U.S. forces are sent to Mogadishu, Somalia as part of an effort to restore peace to the region.
5. When President Bill Clinton took office he reduced the number of troops in Somalia and by June of 1993 only about 1,200 forces remained. The operation was also officially turned over to the United Nations in May of 1993.
6. On October 3, 1993 battle erupted between U.S. forces and Somali rebels in Mogadishu resulting in the death of 18 Americans and hundreds of Somali civilians and rebels.
7. After the costly battle, President Clinton ordered U.S. troops to be removed from combat and by March of 1994 all U.S. forces had left Somalia.
8. The United Nations withdrew its remaining task force by March of 1995 without having controlled the situation. Fighting continued in the country since then with periods of lessened violence.
9. Throughout the 2000s Somalia makes attempts at forming a central government but fighting between the central government, clans, and Islamist organizations (Al-Shabaab / Al-Qaeda) continues, keeping the country unstable. Ethiopia and the African Union try to intervene with peacekeeping missions.
10. In the early 2010s a famine strikes the country and it is estimated that over a quarter of a million people die. Kenya tries to intervene in the country, attacking Somali rebels. The United States begins drone operations against rebels as well.
11. In 2012 Somalia held its first election to actually take place in the country since 1967 and the first formally formed parliament in over 20 years is created.
12. The mid-2010s see continued attacks from Al-Shabaab but progress is also made as Somali leaders and the international community work to rebuild the country while still fighting against the terrorist groups.
- Ross Perot announces he will run as an independent in the upcoming presidential race against Bill Clinton and President Bush
- Bosnia Herzegovina declares independence . A 3 year war follows between Muslims, Serbs and Croats prompting UN intervention
- United Nations Conference on Environment and Development ( The Earth Summit ) held in Brazil
- Signing of the Maastricht treaty on 7th February , which founded the European Union.
- Turkey, an earthquake registering 6.8 on the Richter scale kills over 500
- Gas that has leaked into sewer explodes in Guadalajara, Mexico on April 22nd - 215 dead, 1500 injured
- Mafia boss John Gotti is sentenced to life in prison after being found guilty of conspiracy to commit murder and racketeering.
Mob boss John Gotti, known for his flamboyant style and large personality, was found guilty of murder and other crimes on April 2, 1992. Gotti had been known as the "Teflon Don" after being acquitted in 3 trials during the 1980s, but the FBI was able to make the charges stick after a high-ranking member of his crime family agreed to cooperate with the authorities. Gotti was later sentenced to life in prison on June 23 of that year. He died in prison at the age of 61 during June of 2002 after being diagnosed with throat cancer.
- Chicago Loop Flooding.
Following the installation of new pilings for the Kinzie Street Bridge which ruptured a tunnel which was part of the defunct Chicago Tunnel Company tunnels under the Chicago Loop. Over a period of time the mud from the river pushed through and eventually on April 13th the river poured into the tunnel and filled the other connecting tunnels under the Chicago Loop flooding basements of many Loop office buildings, retail stores and an underground shopping district, Electrical power and natural gas were shut off as a precaution in much of the area including the financial district closing down the financial district by mid morning. Only later did it come out that the city had been warned by a telecommunications worker while inspecting a cable who had seen and videoed mud in the tunnels, the city had decided it was not a priority and had put begun a bidding process for repairing the tunnels. It took 3 days to repair the breach and clear the flooding enough to allow business to resume in the Chicago Loop district and the cost to the city was estimated at $1.95 billion
- Hurricane Andrew hits South Florida August 22nd
- McDonalds opens first McDonalds in Beijing China
- Hindu militants tear down the Babri mosque in Ayodhya and during Hindu-Muslim rioting 2,000 lives are lost
- Euro Disney opens in France
- French Truck Drivers Protest new driving laws and disrupt the French road system with more than 500 blockades across France.
- TWA Declares Bankruptcy
- Bill Clinton becomes U.S. president
- IRAQ Continues to hamper the efforts of UN Weapons Inspectors
- In the UK Rioting by local youth breaks out across cities including Bristol
- Privatization in Russia of State Owned businesses to the population is a major success
- US refuses to sign The UN convention on Climate Change and Biological Diversity in Rio De Janeiro
- The 27th Amendment to the US constitution is ratified on May 19th Available as a downloadable image on our Amendments to the US constitution Domain Images Page
- FDA Urges Stopping the use of silicone gel breast implants
- No fly zone in place over southern Iraq authorized under United Nations Resolution
- The Follies Bergere music hall in Paris, France closes.
- The largest shopping mall in the US, Minnesota's Mall of America is constructed spanning 78 acres
- Following the public outcry over royal spending he Queen of England will now pay income tax and the number of royals receiving tax payer money will decrease
- Fire damages a major part of Windsor Castle and a number of important works of art, books and furniture are lost
- The Summer Olympics are held in Barcelona, Spain
- Rioting breaks out in Los Angeles following the acquittal of four white police officers accused of beating black motorist Rodney King.
- Abortion rights activists march and demonstration in Washington, D.C
- Overthrow Of Communist Government in Afghanistan
- Mike Tyson Convicted of the Rape Miss Black Rhode Island, Desiree Washington
- Two of the strongest earthquakes ever to hit California strike the desert area east of Los Angeles
- The UK government closes 31 out of 50 of Britain's deep coal mines,
- Prince Charles and Princess Diana seperate
- Violence flares in Germany against Immigrants blaming them for economic problems.
- Georgia Superdome in Atlanta, Georgia is completed with the worlds largest cable supported fabric roof .
- The North American Free Trade Agreement between U.S.A. , Canada and Mexico is signed
- Bosnia and Herzegovina Recognized As Independent 1992
- The U.N. Security Council imposes sanctions on Libya
- The Winter Olympic Games are held in Albertville, France
- South Africans vote for political reforms to end apartheid and create a power-sharing multi-racial government
- Windows 3.1 released by Microsoft
- Microsoft Works released by Microsoft
- AT & T release video telephone for $1,499
- The first Nicotene patch is introduced to help stop smoking
- Space Shuttle Endeavour successful maiden voyage
Invention Invented by Inventors and Country ( or attributed to First Use )
DNA Fingerprinting UK Alec J Jeffreys
History of Video Recorders
Popular Culture 1992The satirical British magazine Punch publishes it's final issue after 150 years due to falling sales and subscriptions
A telephone conversation is recorded between an unknown woman ( Diana the Princess of Wales ) talking to an unknown man about her unhappy marriage
- Home Alone 2: Lost in New York
- Batman Returns
- Lethal Weapon 3
- A Few Good Men
- Sister Act
- The Bodyguard
- Wayne's World
- Basic Instinct
- Honey, I Blew Up The Kid
- Reservoir Dogs
Check out our Television Programmes From The 90s whenever possible we have included a trailer to jog your memory. Series trailers and more information are found on the decade they started.
- Pearl Jam
- Color Me Badd with all for love
- Toad the Wet Sprocket
- Vanessa Paradis
- Peter Gabriel
- Primal Scream
- Boyz II Men with End of The Road
- Madonna with This Used to be my Playground
- The Cure
- Mariah Carey with Ill Be There
- House of Pain
- Bon Jovi
- Eric Clapton
- Def Leppard
- Manic Street Preachers
- Michael Jackson
- Law & Order
- America's Funniest Home Videos
- One Foot in the Grave (UK)
- The Crystal Maze (UK)
- The Adventures of Sherlock Holmes
- Home Improvement
- The Jerry Springer Show
- The Ren & Stimpy Show
- L.A. Law
- The Oprah Winfrey Show
- Comic Relief (UK)
- Casualty (UK)
- Inspector Morse
- Married... with Children
- Star Trek: The Next Generation
Born This YearMiley Ray Cyrus November 23rd
Major World Political Leaders 1992Australia Prime Minister Paul Keating Brazil President Fernando Collor Till 2 October
Brazil President Itamar Franco From 2 October
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 P. V. Narasimha Rao
Italy Prime Minister Giulio Andreotti Till 24 April
Italy Prime Minister Giuliano Amato From 24 April
Japan Prime Minister Kiichi Miyazawa Mexico President Carlos Salinas de Gortari Russia / Soviet Union
General Secretary of the CPSU Boris Yeltsin South Africa State President Frederik Willem de Klerk United States President George H. W. Bush United Kingdom Prime Minister John Major
Political Elections 1992
United States Presidential Election 1992 Bill Clinton (Democratic) Defeats George H. W. Bush (Republican) and Ross Perot (no party)
British General Election 1992 John Major ( Conservative ) defeats Neil Kinnock ( Labour ) and Paddy Ashdown ( Liberal Democrat )