Some of the big stories of that year included the Space Shuttle Challenger disaster in which 7 crew members, including teacher Christa McAuliffe, died. The Space Shuttle fleet was grounded for nearly three years after the accident.
On the other side of the globe, a catastrophic accident happened at the Chernobyl Nuclear Power Plant in Ukraine.
It was the worst nuclear power plant accident in history that ultimately impacted more than a half-million people and caused long-term effects such as cancer and other illnesses.
Ronald Reagan was president in 1986, and his administration was facing one of its biggest crisis - the Iran-Contra scandal - a secret arrangement to provide funds to the Nicaraguan contra rebels from profits gained by selling arms to Iran. Oliver North rose to fame during the crisis, claiming partial responsibility.
Ed Koch was mayor of New York City back then. That's him (below) with Boston Mayor Raymond Flynn before the Mets won game 7 of the series over the Red Sox at Shea Stadium. Both Shea and Yankee Stadiums are part of history now.
Money went a bit farther in 1986...
Average Cost of new house: $89,430
Average Income per year: $22,400
Average Monthly Rent: $385
1 gallon of gas: 89 cents
Jar Of Skippy Peanut butter $1.49
IBM introduced the first laptop called the PC Convertible in 1986. We didn't have iPhones or even cell phones. Heck, the modern internet was still being created. And, the Nintendo Entertainment System was the video game system of the generation.
Popular films included 2 Tom Cruise movies - Top Gun and The Color of Money - as well as Crocodile Dundee, Platoon, Aliens, Ruthless People and Karate Kid II.
Popular songs included Whitney Houston's Greatest Love of All, Madonna's Papa Don't Preach, The Bangles with Walk Like and Egyptian.
Popular TV shows included Dynasty, Magnum P.I. Cheers, Family Ties, The A-Team and Growing Pains.
Celebrities born in 1986 included Lady Gaga and Lindsay Lohan. Here are a few more: