Economy-
In 1986, Ronald Reagan, a Republican, was in his second term as President of the United States. Coming into office, he inherited high inflation and a high unemployment rate. In 1986 the country was beginning to recover from this. The Cold War had just ended the year before, however the Berlin Wall was still intact until 1989. As far as the economy is concerned, Reagan is still well known for his economic policies, also known as "Reaganomics". This conservative economic policy style has four key fundamentals: 1) Reduce government spending. 2) Reduce marginal tax rates on income. 3) Reduce government regulation of the economy. 4) Control money supply to reduce inflation.
http://ntserver1.wsulibs.wsu.edu:2054/ehost/detail?vid=5&hid=108&sid=18edd2da-4a8c-4fc5-b948-52d6fc82ceec%40sessionmgr107&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=a9h&AN=
Social-
In 1986, Reagan signed legislation budgeting 1.7 billion dollars to fight the War on Drugs. It was assumed that by cutting of the supply of drugs to this country, the demand would in turn decrease. The government fought to catch cocaine trafficking coming in from South America on boats, planes etc. Cocaine, and eventually crack became wildly popular in the country trickling down from the elite eventually to those in poverty.
"By the mid-1980s, as crack leeched out from New York, Miami and Los Angeles into the American interior, the devastations inflicted by the drug were becoming more vivid and frightening. The Reagan White House seemed to capture the current of the moment: Nancy Reagan's plaintive urging to "just say no," and her husband's decision to hand police and prosecutors even greater powers to lock up street dealers, and to devote more resources to stop cocaine's production at the source, in the Andes. In 1986, trying to cope with crack's corrosive effects, Congress adopted mandatory-minimum laws, which hit inner-city crack users with penalties as severe as those levied on Wall Street brokers possessing 100 times more powder cocaine. Over the next two decades, hundreds of thousands of Americans would be locked up for drug offenses."
-
http://ntserver1.wsulibs.wsu.edu:2054/ehost/detail?vid=6&hid=101&sid=8ca094a9-daeb-48c9-9487-04fab3f9ce69%40sessionmgr107&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=a9h&AN=27736161
Popular styles of 1986:
Legwarmers and miniskirts were part of the "Valley Girl" look. Shoulder pads were extremely popular to show power at the work place by being equal to men. Bright pumps and jelly shoes were popular footwear choices. The "Madonna Look" i.e. large crucifixes, gloves fingerless or not, fishnets and layered beaded necklaces. Converse shoes became popular in the early 80's and throughout the decade, they remain popular today. Acid washed jeans and denim jackets.
http://www.80srewind.net/80s/80sfashion.htmThe Chenobyl accident of 1986 in the Soviet Union brought along a lot of nuclear power opposition. On April 26, 1986 in the Ukraine SSR, reactor number four exploded causing the greatest nuclear accident in history. A plume 400 times the size of the bomb dropped on Hiroshima covered Eastern and Northern Europe. There were 56 immediate deaths, and hundreds more in the coming years due to radiation.
Medvedev, Grigori (1989). The Truth About Chernobyl. VAAP. First American edition published by Basic Books in 1991
Other Important events in 1986:
The number one song in 1986 was "Papa Don't Preach" by Madonna
The Oprah Winfrey show makes it's debut.
The original Nintendo console is released.
The Average Household Income in Seattle is $36,338 and in Los Angeles it is $34,965
-
http://www.census.gov/hhes/www/income/histinc/msa/msa1.html