1992 History

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1992 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.

Cost of Living 1992

How Much things cost in 1992
Yearly Inflation Rate USA 3.03%
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

What Events Happened in 1992

  • Yitzhak Rabin comes to power in Israel promising to pursue peace talks with PLO
  • US and UN intervention in Somalia with OPERATION RESTORE HOPE to end famine and civil war
  • 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, 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 - 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
  • Hurricane Andrew hits South Florida
  • McDonalds opens first McDonalds in Beijing China
  • 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
  • FDA Urges Stopping the use of silicone gel breast implants
  • 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 raping 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,
  • 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

Popular Culture 1992

  • The satirical British magazine Punch publishes it's final issue after 150 years due to falling sales and subscriptions

Popular Films

  • Aladdin
  • 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
  • Unforgiven
  • Honey, I Blew Up The Kids
  • Reservoir Dogs

Popular Musicians

  • Pearl Jam
  • Color Me Badd with "All for Love"
  • Toad the Wet Sprocket
  • Vanessa Paradis
  • Nirvana
  • Peter Gabriel
  • Primal Scream
  • R.E.M.
  • Boyz II Men with "End of The Road"
  • Madonna with "This Used to be my Playground"
  • U2
  • The Cure
  • Kiss
  • Genesis
  • Mariah Carey with "Ill Be There"
  • House of Pain
  • Bon Jovi
  • Eric Clapton
  • Def Leppard
  • Manic Street Preachers
  • Metallica
  • Michael Jackson

Popular TV Programs

  • Law & Order
  • America's Funniest Home Videos
  • The Adventures of Sherlock Holmes
  • Home Improvement
  • Rugrats
  • The Jerry Springer Show
  • The Ren & Stimpy Show
  • L.A. Law
  • Matlock
  • The Oprah Winfrey Show
  • Inspector Morse
  • Married... with Children
  • Star Trek: The Next Generation

Technology 1992

  • 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

Research for this year is provided by The People History.
See History By Year and Decade for more prices and information.
Find out more about the 90s at ThePeopleHistory.com.