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Cost of Living 1998How Much things cost in 1998
Yearly Inflation Rate USA 1.55% Year End Close Dow Jones Industrial Average 9181 Interest Rates Year End Federal Reserve 8.25% Average Cost of new house $129,300.00 Average Income per year $38,100.00 Average Monthly Rent $619.00 Cost of a gallon of Gas $1.15 Average cost of new car $17,200.00 US Postage Stamp 32 cents 1 LB of Bacon $2.53 1 LB Hamburger meat $1.40 Loaf of Bread $1.26 Dozen Eggs 88 cents
Below are some Prices for UK guides in Pounds Sterling
Average House Price 75,806 Yearly Inflation Rate UK 3.4% Interest Rates Year End Bank of England 7.25% FTSE 100 Average 5500
From Our 1998 toys Page
- Financial Crisis hits much of South East Asia
- Worlds biggest airport in the world opens in Hong Kong
- Terrorist Bombing attacks at two US Embassies in Nairobi and Dar es Salaam killing 250 people
- France Wins 1998 World Cup in France.
More Information for the 1998 World Cup
The 16th FIFA World Cup began during June of 1998 and was held in France. A total of 32 teams qualified for the tournament and the matches were held across ten different cities in the country. During the 64 matches a total of 165 goals were scored. The final title match was played between Brazil and France, with France winning 3 to 0, marking the sixth time a World Cup championship team had won at home. Over 2.7 million people attended the 1998 FIFA World Cup.
- Good Friday peace agreementis accepted by Sinn Fein the leader of the political wing of the republican IRA on May 10th in Northern Ireland
- Bill Clinton denies he had "sexual relations" with former White House intern Monica Lewinsky. starting the Lewinsky scandal and investigations
- An earthquake measuring 6.1 on the Richter Scale in northeast Afghanistan kills more than 5,000.
- US launch cruise missile strikes against al-Qaida training camps in Afghanistan
- A 5.9 Earthquake strikes the Azores killing at least 10 with many more still missing in the rubble
- The Winter Olympic Games are held in Nagano, Japan.
The XVIII Winter Olympics were held during February 1998 in Nagano, Japan. These games saw the introduction of snowboarding and women’s ice hockey as new sports, along with the re-introduction of curling. Also during the Nagano Olympics, U.S. figure skater Tara Lipinski became the youngest person to be a champion in an individual event in the history of the Winter Olympics at the age of 15. These were also the first games in which Macedonia, Azerbaijan, Kenya, Venezuela, and Uruguay participated. At the end of the games, the countries that won the most medals were Germany, Norway, and Russia.
- The legality of the potential secession of Quebec is argued in the Canadian Supreme Court.
1. The Supreme Court of Canada ruled on the legality of Quebec’s potential secession from the country.
2. The court ruled that Quebec could not secede from Canada on its own.
3. They also made it clear that if a referendum was held on the question it would lead to negotiations between Quebec and the rest of Canada regarding the terms of the secession.
4. The court also stated that any act of secession would need a constitutional amendment to be completed.
5. The ruling was important in that it provided more clarity regarding the question of Quebec’s independence and could be potentially important to future discussions on referendums in international law.
- Official famine Southern Sudan declared with estimates that over 1 million people could die from starvation
- Free Willy star Keiko goes to Iceland for eventual release back into the wild.
- James Byrd Jr, a 49-year-old African-American man is dragged to his death behind a pickup truck
- 66-day blackout begins in Auckland, New Zealand.
- Dow Jones drops over 500 points on August 31st on the New York Stock Exchange
- US Announces first budget surplus in 30 years
- Tornadoes in central Florida destroy or damage 2,600 structures and kill 42
- Forest Fires in Florida force 120,000 to flee their homes
- Osama bin Laden publishes fatwa declaring jihad against all Jews and Crusaders.
- The Belfast Agreement is signed between the Irish and British governments and most Northern Ireland political parties ending many years of terrorist activity in Northern Ireland and mainland Britain
- The splinter terrorist organisation "The Real IRA" plant massive car bomb on August 15th Omagh, Northern Ireland killing 27
- A tsunami triggered by an undersea earthquake destroys 10 villages in Papua New Guinea killing an estimated 1,500,
- In China the Yangtze River breaks through the main bank. The death toll was more than 12,000 injuring many thousands more.
- Devaluation of the rouble. The ruble lost 70% of its value against US dollar in 6 months . Several of the largest Russians banks collapsed, and millions of people lost their savings.
- IMF offers $22bn loan to Russia to stabilize economy with strict conditions
- Hurricane Mitch makes landfall in Central America on October 26th killing an estimated 18,000 people
- The Japanese economy enters a recession due to the collapse of land and property prices
- The Japanese government implements a rescue package for Japanese banks following the collapse of the property market and $500bn in bad debts
- Islamic extremists attack two villages in Algeria and massacre 400 local villagers
- Europeans agree on a single currency the Euro
- European Court of Human Rights becomes a permanent court with full-time judges
- The Maastricht Treaty comes into force
- President Bill Clinton Impeached for perjury and obstruction of justice.
- Tobacco Master Settlement Agreement (MSA) is signed between Tobacco Companies and US States becoming the largest civil settlement in United States history,
- Two boys Mitchell Johnson ( 13 yrs old ) and Andrew Golden ( 11 Years Old ) shoot and kill four fellow students in Jonesboro, Arkansas .
- The European Central Bank is Established in Frankfurt Germany
- U.N.I.C.E.F. reports over 130 million children worldwide do not attend school and their is approximately 250 million child laborers worldwide
- The two oil companies Exxon and Mobil merge to create the worlds largest petroleum company
- New harder to counterfeit $20.00 bills enter circulation
- Typhoon Babs strikes the Philippines killing 100 people
- Quebec demands independence from Canada
- Microsoft becomes biggest Company in the World valued at $261bn on the New York Stock Exchange
- Low Flying US Military jet severs the cable of a ski lift in Italy and 20 people plunge to their death
- Israel celebrates it's 50th Anniversary of it's founding
- Serbian troops in Yugoslavia target villages occupied by ethnic Albanians in Kosova
- An oil pipeline running through a village in Nigeria, explodes killing 700 people with the resulting fire burning for nearly a week.
- The Worlds Longest Suspension Bridge ( as of 2007 ) in Akashi, Japan is Completed
- Iraq prevents UN weapons inspectors from conducting a search and President Bill Clinton orders a series of air strikes against Iraq
- A severe ice storm in Canada and Northern United States leaves millions without power
- UK Reports of a link between the MMR vaccine and autism spectrum disorders in the UK are answered by The World Health Organisation who say no link exists and that thanks to the use of the MMR vaccine death from diseases like measles and diphtheria have almost been eradicated
- BMW buys Rolls-Royce cars for $570 million
- France Wins 1998 World Cup in France
- The Winter Olympic Games are held in Nagano, Japan
- Worlds first Digital Terrestrial Television Service launched in the UK
- Windows 98 released by Microsoft on June 26th
- United States Department of Justice (DOJ) brings Anti-Trust Case against Microsoft Corp.
- During 1998 with the technology maturing e-commerce started to take off as more and more companies decided to create a presence on the Internet with their own web sites.
- The Search Engine Google is founded.
- The Worlds largest suspension Bridge 1.234 miles in Japan opens
- 19 European nations agree to forbid human cloning.
- Data sent from the Galileo probe indicates that Jupiter's moon Europa has a liquid ocean under a thick crust of ice
- The FDA approves Viagra for use as a treatment for male impotence, becoming the first pill to be approved to treat this condition in the United States.
- Apple Computer unveils the iMac.
- Danish Catamaran Cat Link V sets new record for fastest crossing of the north Atlantic Blue Ribband in 2 days 17.59 hours
- India and Pakistan test nuclear weapons
Popular Culture 1998The concert by the Three Tenors ( Jose Carreras, Placido Domingo and Luciano Pavarotti ) For the opening of the World Cup In France is seen by 100,000 live and 3 billion around the world.
- Saving Private Ryan
- There's Something About Mary
- A Bug's Life
- Deep Impact
- Dr. Dolittle
- Shakespeare in Love
- Lethal Weapon 4
- The Avengers
- The Mask of Zorro
- The Wedding Singer
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.
- All Saints
- Céline Dion
- Jennifer Paige
- Marilyn Manson
- Green Day
- The Offspring
- Spice Girls
- Alanis Morissette
- Shania Twain
- Natalie Imbruglia
- Janet Jackson
- Law & Order
- America's Funniest Home Videos
- One Foot in the Grave (UK)
- The Jerry Springer Show
- Dateline NBC
- Late Night with Conan O'Brien
- NYPD Blue
- Star Trek: Deep Space Nine
- The Late Show with David Letterman
- The Nanny
- The X-Files
- Star Trek: Voyager
- The Drew Carey Show
- 7th Heaven
- Everybody Loves Raymond
- Judge Judy
- Buffy the Vampire Slayer
- Dharma & Greg
- King of the Hill
- South Park
- Stargate SG-1
- The Practice
- Teletubbies (UK)
Major World Political Leaders 1998Australia Prime Minister John Howard Brazil President Fernando Henrique Cardoso Canada Prime Minister Jean Chrétien
China Chairman of the People's Republic of China Jiang Zemin
France President Jacques Chirac
Germany Chancellor Helmut Kohl Till 27 October
Germany Chancellor Gerhard Schröder From 27 October
India Prime Minister Inder Kumar Gujral Till 19 March
India Prime Minister Atal Bihari Vajpayee From 19 March
Italy Prime Minister Romano Prodi Till 21 October
Italy Prime Minister Massimo D'Alema From 21 October
Japan Prime Minister Ryutaro Hashimoto Till 30 July
Japan Prime Minister Keizo Obuchi From July 30th
Mexico President Ernesto Zedillo Russia / Soviet Union
General Secretary of the CPSU Boris Yeltsin South Africa State President Nelson Mandela United States President Bill Clinton United Kingdom Prime Minister Tony Blair
Now check out our newly updated 1990's music page 90's Music