Events of 1988

1988
 

World Events
World Statistics
Population: 5.104 billion

Nobel Peace Prize:
U.N. Peacekeeping Forces

  • US and Canada reach free trade agreement (Jan. 2). Background: NAFTA
  • Terrorists kill nine tourists on Aegean cruise (July 11).
  • Benazir Bhutto, first Islamic woman prime minister, chosen to lead Pakistan (Dec. 1).  (AND 20 Years later...)
  • Pan-Am 747 explodes from terrorist bomb and crashes in Lockerbie, Scotland, killing all 259 aboard and 11 on ground (Dec. 21).
U.S. Events
U.S. Statistics
President: Ronald W. Reagan
Vice President: George Bush
Population: 244,498,982
Life expectancy: 74.9 years
Violent Crime Rate (per 1,000): 56.6
Property Crime Rate (per 1,000): 50.3

Economics
US GDP (1998 dollars):   $5,049.60 billion
Federal spending:   $1064.14 billion
Federal debt:   $2601.3 billion
Median Household Income
(current dollars):  
$27,225
Consumer Price Index:   118.3
Unemployment:   5.5%
Cost of a first-class stamp:   $0.22 ($0.25 as of 4/3/88)
Sports
Sports Links
Super Bowl
Washington d. Denver (42-10)
World Series
LA Dodgers d. Oakland A's (4-1)
NBA Championship
LA Lakers d. Detroit Pistons (4-3)
Stanley Cup
Edmonton d. Boston (4-0)
Wimbledon
Women: Steffi Graf d. M. Navratilova (5-7 6-2 6-1)
Men: Stefan Edberg d. B. Becker (4-6 7-6 6-4 6-2)
Kentucky Derby Champion

Winning Colors

 

NCAA Basketball Championship

Kansas d. Oklahoma (83-79)

NCAA Football Champions

Notre Dame (12-0-0)

Entertainment Awards
Pulitzer Prizes
Fiction: Beloved, Toni Morrison
Music: 12 New Etudes for Piano, William Bolcom
Drama: Driving Miss Daisy, Alfred Uhry
Oscars awarded in 1988
Academy Award, Best Picture: The Last Emperor, Jeremy Thomas, producer (Columbia)
Nobel Prize for Literature: Naguib Mahfouz (Egypt)
Grammys awarded in 1988
Record of the Year: "Graceland," Paul Simon
Album of the Year: Joshua Tree, U2 (Island)
Song of the Year: "Somewhere Out There," James Horner, Barry Mann and Cynthia Weil, songwriters
Miss America: Kaye Lani Rae Rafko (MI)
 
Events
  • Ninety-eight percent of U.S. households have at least one television set.
  • CDs outsell vinyl records for the first time.
  • Ted Turner starts Turner Network Television (TNT) and buys MGM's film library.
Movies
  • Rain Man, Mississippi Burning, A Fish Called Wanda, Bull Durham
Books
Science
Nobel Prizes in Science
Chemistry: Johann Deisenhofer, Robert Huber, and Hartmut Michel (all West Germany), for unraveling the structure of proteins that play a crucial role in photosynthesis
Physics: Leon M. Lederman, Melvin Schwartz, and Jack Steinberger (all US), for research that improved the understanding of elementary particles and forces
Physiology or Medicine: Gertrude B. Elion, George H. Hitchings (both US), and Sir James Black (UK), for their discoveries of important principles for drug treatment
Deaths
  • Roy Orbison
  • Chet Baker
  • Luis Alvarez
  • Edgar Jean Faure
  • Nora Astorga
 

 



 
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