The 80's

The 1980s

Period: Jan 1, 1980 to Dec 31, 1989

Pac man released

May 22, 1980

On May 22, 1980, the Pac-Man video game was released in Japan and by October of the same year it was released in the United States.

Economic Indicators

Dec 31, 1980

Inflation Rate = 13.5%
Nominal HouseHold income = $16,354
Inflation adujsted = $46,995
GDP=6.50 trillion
Unemployment rate= 13.77%
30 year mortage rate = 875.00%

President Reagan

Mar 30, 1981

On March 30, 1981, 25-year-old John Hinckley Jr. opened fire on U.S. President Ronald Reagan just outside the Washington Hilton Hotel.

Economic Indicators

Dec 31, 1981

inflation Rate = 10.3%
Nominal HouseHold income = $17,743
Inflation adujsted = $46,20
GDP=6.59trillion
Unemployment rate= 7.50%
30 year mortage rate =16.63%

E.T Movie released

Jun 11, 1982

The movie E.T.: The Extra-Terrestrial was a hit from the day it was released (June 11, 1982) and quickly became one of the most beloved movies of all time.

Economic Indicators

Dec 31, 1982

inflation Rate = 6.2%
Nominal HouseHold income = $18,801
Inflation adujsted = $46,082
GDP=6.49 trillion
Unemployment rate= 8.60%
30 year mortage rate = 16.08%

U.S. Embassy in Beirut Bombed

Apr 18, 1983

that killed 63 people, mostly embassy and CIA staff members, several soldiers and one Marine. 17 of the dead were Americans.

Econamic Indicators

Dec 31, 1983

inflation Rate = 3.2%
Nominal HouseHold income = $19265
Inflation adujsted = $45,760
GDP=7trilion
Unemployment rate= 10.40%
30 year mortage rate =13.23%

Ecomamic Indicators

Dec 31, 1984

inflation Rate = 4.3%
Nominal HouseHold income = $20,712
Inflation adujsted = $47181
GDP=7.40 trillion
Unemployment rate= 8.00%
30 year mortage rate =13.87%

Back to the Future Opens

Jul 3, 1985

In this 1980s sci-fi classic, small-town California teen Marty McFly (Michael J. Fox) is thrown back into the '50s when an experiment by his eccentric scientist friend Doc Brown (Christopher Lloyd) goes awry. Traveling through time in a modified DeLorean car

Econamic Indicators

Dec 31, 1985

nflation Rate = 3.6%
Nominal HouseHold income = $21,821
Inflation adujsted = $48,063
GDP=7.71 trillion
Unemployment rate= 7.30$
30 year mortage rate = 12.42%

U.S. Bombs Libya

Apr 15, 1986

The 1986 United States bombing of Libya, code-named Operation El Dorado Canyon, comprised air strikes by the United States against Libya on Tuesday, 15 April 1986.

Econamic Indicators

Dec 31, 1986

nflation Rate = 1.9%
Nominal HouseHold income = $23,041
Inflation adujsted = $49764
GDP=7.94 TRILLION
Unemployment rate= 6.70%
30 year mortage rate =10.18%

New York Stock Exchange Suffers Huge Drop on "Black Monday"

Oct 19, 1987

In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time.

Econamic Indicators

Dec 31, 1987

nflation Rate = 3.6%
Nominal HouseHold income = $24187
Inflation adujsted = $50389
GDP=8.29 trillion
Unemployment rate= 6.60%
30 year mortage rate = 10.20%

U.S. Shoots Down Iranian Airliner

Jul 3, 1988

Iran Air Flight 655 was an Iran Air civilian passenger flight from Tehran to Dubai. On 3 July 1988, the aircraft operating this route was shot down by the United States Navy guided missile cruiser USS Vincennes. The incident took place in Iranian airspace, over Iran's territorial waters in the Persian Gulf, and on the flight's usual flight path.

Econamic Indicators

Dec 31, 1988

nflation Rate = 4.1%
Nominal HouseHold income = $25388
Inflation adujsted = $50776
GDP= 8.61 trillion
Unemployment rate= 5.70%
30 year mortage rate =10.38

World Wide Web Invented

Mar 12, 1989

The World Wide Web (www, W3) is an information system of interlinked hypertext documents that are accessed via the Internet and built on top of the Domain Name System. On 12 March 1989

Econamic Idicators

Dec 30, 1989

nflation Rate = 4.8%
Nominal HouseHold income =$ 27081
Inflation adujsted = $51681
GDP=8.85 trillion
Unemployment rate= 5.40%
30 year mortage rate =10.32%