How Much things cost in 1992 Yearly Inflation Rate USA 3.03% Year End Close Dow Jones Industrial Average 3301 Interest Rates Year End Federal Reserve 6.00% Average Cost of new house $122,500.00 Average Income per year $30,030.00 Average Monthly Rent $519.00 Cost of a gallon of Gas $1.05 1 LB of Bacon $1.92 Average cost of new car $16,950.00
What Events Happened in 1992
Yitzhak Rabin comes to power in Israel promising to pursue peace talks with PLO
US and UN intervention in Somalia withOPERATION RESTORE HOPE to end famine and civil war
Bosnia Herzegovina declares independence . A 3 year war follows between Muslims, Serbs and Croats prompting UN intervention
United Nations Conference on Environment and Development ( The Earth Summit )held in Brazil
Signing of the Maastricht treaty, which founded the European Union.
Turkey, an earthquake registering 6.8 on the Richter scale kills over 500
Gas that has leaked into sewer explodes in Guadalajara, Mexico - 215 dead, 1500 injured
Mafia boss John Gotti is sentenced to life in prison after being found guilty of conspiracy to commit murder and racketeering
Hurricane Andrew hits South Florida
McDonalds opens first McDonalds in Beijing China
Euro Disney opens in France
French Truck Drivers Protest new driving laws and disrupt the French road system with more than 500 blockades across France.
TWA Declares Bankruptcy
Bill Clinton becomes U.S. president
IRAQ Continues to hamper the efforts of UN Weapons Inspectors
In the UK Rioting by local youth breaks out across cities including Bristol
Privatization in Russia of State Owned businesses to the population is a major success
US refuses to sign The UN convention on Climate Change and Biological Diversity in Rio De Janeiro
FDA Urges Stopping the use of silicone gel breast implants
The Follies Bergere music hall in Paris, France closes.
The largest shopping mall in the US, Minnesota's Mall of America is constructed spanning 78 acres
Following the public outcry over royal spending he Queen of England will now pay income tax and the number of royals receiving tax payer money will decrease
Fire damages a major part of Windsor Castle and a number of important works of art, books and furniture are lost
The Summer Olympics are held in Barcelona, Spain
Rioting breaks out in Los Angelesfollowing the acquittal of four white police officers accused of beating black motorist Rodney King.
Abortion rights activists march and demonstration in Washington, D.C
Overthrow Of Communist Government inAfghanistan
Mike Tyson Convicted of the raping Miss Black Rhode Island, Desiree Washington
Two of the strongest earthquakes ever to hit California strike the desert area east ofLos Angeles
The UK government closes 31 out of 50 of Britain's deep coal mines,
Georgia Superdome in Atlanta, Georgia is completed with the worlds largest cable supported fabric roof .
The North American Free Trade Agreement between U.S.A. , Canada and Mexico is signed
Bosnia and Herzegovina Recognized As Independent 1992
The U.N. Security Council imposes sanctions on Libya
The Winter Olympic Games are held in Albertville, France
South Africans vote for political reforms to end apartheid and create a power-sharing multi-racial government
Popular Culture 1992 The satirical British magazine Punch publishes it's final issue after 150 years due to falling sales and subscriptions Popular Films
Aladdin
Home Alone 2: Lost in New York
Batman Returns
Lethal Weapon 3
A Few Good Men
Sister Act
The Bodyguard
Wayne's World
Basic Instinct
Unforgiven
Honey, I Blew Up The Kids
Reservoir Dogs
Popular Musicians
Pearl Jam
Color Me Badd with "All for Love"
Toad the Wet Sprocket
Vanessa Paradis
Nirvana
Peter Gabriel
Primal Scream
R.E.M.
Boyz II Men with "End of The Road"
Madonna with "This Used to be my Playground"
U2
The Cure
Kiss
Genesis
Mariah Carey with "Ill Be There"
House of Pain
Bon Jovi
Eric Clapton
Def Leppard
Manic Street Preachers
Metallica
Michael Jackson
Popular TV Programs
Law & Order
America's Funniest Home Videos
The Adventures of Sherlock Holmes
Home Improvement
Rugrats
The Jerry Springer Show
The Ren & Stimpy Show
L.A. Law
Matlock
The Oprah Winfrey Show
Inspector Morse
Married... with Children
Star Trek: The Next Generation
Technology 1992
Windows 3.1 released by Microsoft
Microsoft Works released by Microsoft
AT & T release video telephone for $1,499
The first Nicotene patch is introduced to help stop smoking
Space Shuttle Endeavour successful maiden voyage
Invention Invented by Inventors and Country ( or attributed to First Use )