What Happened In 1987?

The News and Events In 1987:

• Ronald Reagan was president of the US
• Wall Street crashed sending the Dow Jones Industrial average down 22.6%
• President Reagan and Soviet Leader Gorbachev signed an unprecedented missile reduction agreement
• Televangelist Jim Bakker resigned amid accusations of sexual infidelity and financial impropriety
• Wall Street financier Ivan Boesky was sentenced to three years in prison in an insider trading scandal
• Gary Hart withdrew from the 1988 presidential campaign under accusations of infidelity
• The Food and Drug Administration approved anti-AIDS drug AZT
• Prozac made its debut in the US
• Bow Wow, Joss Stone, and Hilary Duff were born
• Minnesota Twins won the World Series
• New York Giants won Superbowl XXI
• Edmonton Oilers won the Stanley Cup
• Three Men and a Baby was the top grossing film
• "Walk Like An Egyptian" by The Bangles spent the most time at the top of the US charts
• Full House, Married with Children, and Star Trek: The Next Generation premiered