1980´s

By simpsmar20
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    1980 Mt. St. Helen's volcano,

    May 18, 1980 - The Mt. St. Helens volcano, in Washington State, erupts, killing fifty-seven people and economic devastation to the area with losses near $3 billion. The blast was estimated to have the power five hundred times greater than the Hiroshima atomic bomb.

  • 1982 ATT settles its lawsuit with the U.S. Justice Department

    January 8, 1982 - ATT settles its lawsuit with the U.S. Justice Department. The agreement forced the independence of the twenty-two regional Bell System companies in return for expansion into the prohibited areas of data processing and equipment sales.

  • 1984 - The Louisiana World Exposition of 1984

    May 12, 1984 - The Louisiana World Exposition of 1984 opens along the Mississippi River waterfront in New Orleans. The event, the last world's fair held in the United States, was plagued with financial trouble, and drew significantly fewer visitors than predicted over the next six months, 7.3 million, although it was regarded as the catalyst in the recovery of the waterfront and warehouse district to public use.

  • 1986 - The Challenger Space Shuttle explodes

    January 28, 1986 - The Challenger Space Shuttle explodes after lift off at Cape Canaveral, Florida, killing seven people, including Christa McAuliffe, a New Hampshire school teacher.

  • 1987 stock market crash

    Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already sustained significant declines.

  • 1988 The United States House of Representatives rejects

    February 3, 1988 - The United States House of Representatives rejects the request of President Reagan for $36.25 million to fund the Nicaraguan Contras.

  • 1989 - The Savings and Loan Bailout

    August 9, 1989 - The Savings and Loan Bailout is approved by Congress and signed into law by President George Herbert Walker Bush. The total cost of the bill would approach $400 billion over thirty years to close and merge insolvent Savings and Loans.