Information for the Year 1988
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- US and Canada reach free trade agreement (Jan. 2).
- Benazir Bhutto, first Islamic woman prime minister, chosen to lead Pakistan (Dec. 1).
- Pan-Am 747 explodes from terrorist bomb and crashes in Lockerbie, Scotland, killing all 259 aboard and 11 on ground (Dec. 21).
- Population: 5.104 billion
- Nobel Peace Prize: U.N. Peacekeeping Forces
- Robert C. McFarlane, former National Security Adviser, pleads guilty in Iran-Contra case (March 11).
- US Navy ship shoots down Iranian airliner in Persian Gulf, mistaking it for jet fighter; 290 killed (July 3).
- Democratic convention nominates Gov. Michael Dukakis of Massachusetts for President and Texas Senator Lloyd Bentsen for Vice President (July 17)
- Republican convention nominates George Bush for President and Indiana Senator Dan Quayle for Vice President (Aug. 15 et seq.).
- Republicans sweep 40 states in election, and Bush beats Dukakis (Nov. 8).
- President: Ronald W. Reagan
- Vice President: George Bush
- Population: 244,498,982
- Life expectancy: 74.9 years
- 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)
- Super Bowl Washington Redskins defeat Denver Broncos (SCORE 42-10)
- World Series of Baseball Los Angeles Dodgers defeat Oakland A's
- National Basketball Association Championship Los Angeles Lakers defeat Detroit Pistons
- National Hockey League Stanley Cup Edmonton Oilers defeat Boston Bruins
- Women Wimbledon Tennis Steffi Graf defeats Martina Navratilova(5-7 6-2 6-1)
- Men Wimbledon Tennis Stefan Edberg defeats Boris Becker (4-6 7-6 6-4 6-2)
- Kentucky Derby Horse Race Champion Winning Colors
- National College Athletic Association Basketball Championship Kansas defeats Oklahoma (SCORE 83-79)
- National College Athletic Association Football Champions Notre Dame (RECORD 12-0-0)
- 1988 Summer Olympics held in Seoul, South Korea
- 1988 Winter Olympics held in Calgary, Canada
- 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.
- Academy Award, Best Picture: The Last Emperor
- Grammy Award - Record of the Year Graceland by Paul Simon
- Emmy Award - Best Television Comedy The Wonder Years - ABC
- Miss America: Kaye Lani Rae Rafko (Michigan)
- NASA scientist James Hansen warns congress of the dangers of the global warming and the greenhouse effect.
All of the Information on this site is from Fact Monster