What happened in 1992 Major News Stories include Minnesota's Mall of America Built, Windows 3.1 released, Euro Disney opens, Abortion rights activists demonstration in Washington, Maastricht treaty signed into law, Rioting breaks out in Los Angeles over the beating black motorist Rodney King, French Truck Drivers disrupt travel by using Trucks to blockade Roads, In Technology The first Nicotine patch is introduced to help stop smoking and DNA Fingerprinting is Invented. The continuing Balkan War for the next 3 years between Muslims, Serbs and Croats prompting UN intervention. In The UK Rioting breaks out in Cities including Bristol and in France Euro Disney opens. In the US Bill Clinton becomes president and the largest Mall in America Minnesota's Mall of America is constructed spanning 78 acres
1. Hurricane Andrew formed on August 15 near Cape Verde. It began moving west towards Miami.
2. It hit the Bahamas on August 22nd as a Category 4 storm but quickly gained strength and moved towards Florida.
3. The storm began hitting southern Florida on August 23rd, causing massive amounts of damage as a Category 5 hurricane.
4. Hurricane Andrew had sustained winds of around 165 miles per hour and gusts over 200 mile per hour.
5. Estimates of the damage that it caused ranged between $27 and $35 billion and it was the costliest hurricane in U.S. history at that point in time.
6. The storm destroyed tens of thousands of homes and caused between 20 and 65 deaths.
7. By August 26th it was downgraded to a tropical storm and it dissipated in the Appalachian mountains by August 28th.
US President George H.W. Bush signs the North American Free Trade Agreement (NAFTA) on December 17 News Events. It was also signed by Canadian Prime Minister Brian Mulroney and Mexican President Carlos Salinas de Gortari on the same day. The agreement, also known as NAFTA, eliminated most trade restrictions and tariffs on trade between the three signatory nations. It was later signed into law by incoming US President Bill Clinton (who also supported the agreement) in 1993 and became effective in 1994 . The agreement was signed so close the end of George H.W. Bush’s term as his administration wanted to make sure the incoming Clinton administration would not be able to make drastic changes to the deal they had worked to secure.
US and UN intervention tries to end famine and civil war in Somalia with Operation Restore Hope.
More Information for the Somali Civil War
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.
How 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
The maiden voyage of the Space Shuttle Endeavour began when the spacecraft was successfully launched from the Kennedy Space Center in Florida on May 7th. The mission, also referred to as STS-49, carried 7 astronauts on board who were tasked with recovering and repairing the Intelsat VI satellite. STS-49 set several records during the mission, including the first time three astronauts conducted a simultaneous space walk. The flight lasted nearly nine days before it returned to Earth safely, during which the mission’s goals were accomplished.
The Danish people vote against signing the Maastricht Treaty on June 2nd. It was a close vote with about 50.7% of voters in Denmark rejecting the treaty and 49.3% supporting it, and a 83.1% voter turnout. The Maastricht Treaty aimed to integrate Europe and create the legal framework for the establishment of the European Union. After the referendum failed, Denmark began negotiating with the EU members and was granted four exceptions to the Maastricht Treaty in what was called the Edinburgh Agreement. The next year Denmark held a new referendum and it passed with 56.7% percent approval and a 86.5% voter turnout.
Mafia boss John Gotti is sentenced to life in prison after being found guilty of conspiracy to commit murder and racketeering.
More Information for John Gotti
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.
More Information for Chicago Flood
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
The cable television network “Cartoon Network” is established by the Turner Broadcasting System during October. The concept was created by Betty Cohen who served as the President of Cartoon Network from 1992 to 2001. The first round of programming that aired on the network consisted of old Warner Bros., MGM, and Hanna-Barbera cartoons and the very first cartoon to air was a Looney Tunes short from the 1940s called “The Great Piggy Bank Robbery.” Eventually they expanded into original series with the limited “The Moxy Show” in 1993 and the popular “Space Ghost Coast to Coast” in 1994 . In the late 1990s they embraced more original programming like “Ed, Edd, n Eddy” and “The Powerpuff Girls.”
The largest shopping mall in the United States, the Mall of America, opened its doors to shoppers during August. The mall originally covered over 78 acres and has since expanded to more than 96 acres. It is located in Bloomington, Minnesota just south of Minneapolis and was built on the former site of Metropolitan Stadium. There are over 500 stores in the Mall which employ over 11,000 people. The Mall of America receives over 40 million visitors annually making it the largest tourist attraction in the Midwest.
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
Yitzhak Rabin comes to power in Israel promising to pursue peace talks with PLO
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 19
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
The 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
Lethal Weapon 3
A Few Good Men
Honey, I Blew Up The Kid
Color Me Badd with all for love
Toad the Wet Sprocket
Boyz II Men with End of The Road
Madonna with This Used to be my Playground
Mariah Carey with Ill Be There
House of Pain
Manic Street Preachers
Law & Order
America's Funniest Home Videos
One Foot in the Grave (UK)
The Crystal Maze (UK)
The Adventures of Sherlock Holmes
The Jerry Springer Show
The Ren & Stimpy Show
The Oprah Winfrey Show
Comic Relief (UK)
Married... with Children
Star Trek: The Next Generation
Australia 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