Welcome to the wonderful year of 1987. From the
stock market crashing to Bill Gates becoming the first billionaire of the micro
computer industry, 1987 is a truly eventful year. Microwave ovens are becoming
very popular with consumers. Wall Street is hit hard with charges of insider
trading. The U.S. trade deficit hits a record $16.5 billion in July. In October
an earthquake shakes Los Angeles and the nation watches as Baby Jessica McClure
is pulled from a well where she has been stranded for two days. Taking down the Sicilian Mafia and Mike Tyson
becoming the heavyweight boxing champ made this year very intriguing.
- The New York Giants beat the Denver Broncos 39 to 20
at the Super
Bowl XXI on January 25 in Pasadena, California.
- Famed artist
gall-bladder surgery at New York Hospital on February 23.
Mike Tyson wins the World Boxing Association heavyweight title beating
James Smith on March 7 in a 12 round decision at Las Vegas.
- On March 19 PLT minister
Baker resigns his ministry after it is discovered he used
church money to pay a church secretary to keep quiet about an affair he was
having with her.
- On March 20 the
Food & Drug Administration approves
AZT for the treatment of the AIDS virus.
- Gary Hart withdraws as a candidate for President when news of his affair
with Donna Rice becomes public.
- On June 12 Reagan
gives a speech at the Brandenburg Gates in West Berlin, Germany asking
Gorbachev to "tear
down this wall."
- On July 4 a French court finds former Gestapo chief
guilty of war crimes and sentences him to life in prison.
- Stock market crashes on October 19 or
Black Monday; while the Dow Jones
Industrial Index drops 508 points.
- On October 25 the Minnesota Twins win the
1987 World Series, taking the St. Louis Cardinals 4 games to 3.
- On November 5
Into the Woods
opens on Broadway.
- Wappingers Falls, N.Y. teen,
Tawana Brawley, is found November 28 half-naked with the words 'KKK' and
'n****r' smeared with dog feces on her body. She claims six white men, one
of them wearing a police badge, kidnapped her raped her. An investigation
will show that she staged her condition to avoid being punished by her stepfather.
and Reagan meet to sign arms agreement. Gorbachev leads USSR into glasnost and perestroika (openness and
Congress accuses government of giving $40 million to
rebels, Congressional hearing are televised.
Bill Gates becomes the first billionaire of the computer industry.
Mikhail Gorbachev travels to
Washington for a three day summit conference on
the reduction of arms. He spoke to the delegates at the
Sicilian Mafia trial, or the
"Pizza Connection" as it
is called by the
press, comes to an end on December 16 with 21 defendants found guilty of drug
trafficking and conspiracy. Heroin trafficking in the United States is
their primary source of wealth.
- On December 18
Ivan F. Boesky is fined $100 million and sentenced to 3 years in prison
for insider trading.
Best Actor: Michael Douglas in Wall
Best Actress: Cher in Moonstruck
Best Picture: The Last Emperor
Outstanding Comedy: The Wonder Years
Outstanding Drama: Thirtysomething (ABC)
30th Annual Grammy Awards
Record of the Year: Graceland by Paul
Album of the Year: The Joshua Tree by U2
Song of the Year: Somewhere Out There by
James Horner, Barry Mann and Cynthia Weil
Best New Artist: Jody Watley
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