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Posted by on Aug. 19, 2011 at 10:31 PM
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Cost of Living 1987

How Much things cost in 1987
Yearly Inflation Rate USA3.66%
Year End Close Dow Jones Industrial Average 1938
Interest Rates Year End Federal Reserve 8.75%
Average Cost of new house $92,000.00
Average Income per year $24,350.00
Average Monthly Rent $395.00
Average Price for new car $10,3055.00
1 gallon of gas 89 cents
1 LB of Bacon $1.80
US Postage Stamp 24 cents
Dozen Eggs 65 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 4.2%
Interest Rates Year End Bank of England 8.38%

What Events Happened in 1987

  • US Stock Market Crashes on Monday, October 19th , 1987 with a 508 point drop or 22.6%
  • Stockmarkets around the world follow with falls, by the end of October Australia had fallen 41.8%, Canada 22.5%, Hong Kong 45.8%, and the United Kingdom 26.4%.
  • King's Cross fire was an underground fire in Kings Cross Tube Station in London on November 18, 1987, which killed 31 people
  • The World's Population reaches approx five billion (5,000,000,000)
  • The USS Stark a Frigate is attacked by an Iraq Air to Sea missile Which is "an Accident" and 30 US Sailors are killed
  • Terry Waite, the special envoy of the Archbishop of Canterbury in Lebanon, is kidnapped in Beirut
  • Supernova is observed, the first "naked-eye" supernova since 1604.
  • A cross-channel ferry capsizes outside the harbour off Zeebrugge, Belgium - 180 drown
  • Margaret Thatcher is elected as Prime Minister of the United Kingdom for the third time
  • Fox Broadcasting Co. made its prime-time TV debut
Sri Lanka
  • Tamil Tigers plant a massive bomb in the Sri Lankan capital, Colombo killing more than 100
  • In the United Kingdom, Michael Robert Ryan kills 16 People in Hungerford with an assault rifle and then commits suicide
  • Hurricane force winds hit much of the South of England killing 23 people
Northern Ireland
  • An IRA Bomb is let off at Rememberence Day Service in Eniskillin Northern Ireland
  • Alan Greenspan succeeds Paul Volcker as chairman of the Federal Reserve Board
  • The Nazi war criminal Klaus Barbie / Butcher of Lyon found guilty of crimes against humanity
New Zealand
  • The Greenpeace ship Rainbow Warrior is sunk when French agents plant a bomb on the hull
  • British Airways Merges With British Caledonian to compete with large US Airlines
  • Sikh terrorist attacks Hindu bus passengers in India leaving 72 dead
  • A rare earthquake 5.0 on the Richter scale affects 14 states in the Midwest and parts of Canada
  • Supertyphoon Nina strikes the Philippines submerging 14 fishing villages on the Philippine coast under water leaving 1,000 dead
  • Docklands Airport Opens in London
  • Manilla Philippines Ferry Accident resulting in 4,000 dead


  • The Food and Drug Administration approves anti-AIDS drug AZT.

  • The First Criminal convicted using DNA Evidence Robert Melias in England

  • Work on the Channel Tunnel joining UK and France begins

  • Clive Sinclair launches the Z88 Portable Computer weighing under 2 LBS

  • 1987 is shortened by 1 second to adjust to the Gregorian calender

  • Disposable Contact Lenses became available for commercial distribution

  • Inventions Invented by Inventors and Country ( or attributed to First Use )
    Kitty Litter USA by Edward H Lowe

Popular Culture 1987

  • Prozac makes its debut in the United States
  • Televangelist Jim Bakker Scandal
  • The Simpsons seen on TV for the first time
  • British Government Stops Publication in Britain of Spycatcher Book
  • Search for Nessie reveals no evidence after 1.6 million dollar investment

Popular Films

  • Three Men and a Baby
  • Fatal Attraction
  • Beverly Hills Cop II
  • Good Morning, Vietnam
  • The Untouchables
  • Stakeout
  • Lethal Weapon
  • The Witches of Eastwick
  • The Last Emperor
  • Wall Street
  • Dirty Dancing
  • RoboCop
  • Moonstruck

Check out our Television Programmes From The 80s whenever possible we have included a trailer to jog your memory. Series trailers and more information are found on the decade they started.

Popular Musicians

  • Michael Jackson with " BAD "
  • Lionel Richie
  • Fleetwood Mac
  • Peter Gabriel
  • Janet Jackson
  • Heart
  • Whitney Houston
  • Bruce Hornsby and " the Range "
  • George Michael with " Faith "
  • Bryan Adams
  • Bananarama
  • Aretha Franklin
  • George Michael
  • U2 with " With or Without You "

Born This Year

Hillary Duff September 28th

Major World Political Leaders 1987

Australia Prime Minister Bob Hawke

Brazil President José Sarney

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 Till 17 April
Italy Prime Minister Amintore Fanfani From 17 April
Italy Prime Minister Amintore Fanfani Till 28 July
Italy Prime Minister Giovanni Goria From 28 July

Japan Prime Minister Yasuhiro Nakasone Till 6 November
Japan Prime Minister Noboru Takeshita From 6 November

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

Political Elections 1987

British General Election 1987 Margaret Thatcher ( Conservative ) defeats Neil Kinnock ( Labour ) and David Steel ( Liberal ) and David Owen (SDP)

by on Aug. 19, 2011 at 10:31 PM
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