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Ronald Reagan is elected 40th President of the United States.

Ronald Reagan is elected 40th President of the United States.

The "Miracle On Ice" occurs when the US Olympic Hockey Team defeats the heavily favored Soviet Union 4 to 3 at the Winter Olympics in Lake Placid, New York. The US goes on to defeat Finland to win the Gold Medal.

The Mt. St. Helens volcano in Washington erupts on March 18, 1980 killing 57 people and causing over $1 billion in damage.

The trade union Solidarity is formed in August 1980 at the Lenin Shipyard in Gdansk, Poland. It is the first trade union to be officially recognized in a Warsaw Pact country. Union leader Lech Walesa is later elected President of Poland.

Member's Only jackets are introduced into the US from Europe. Using celebrity advertising, the jackets become an iconic 80's men's fashion statement.

Stylish sweaters from the 1980 Sears Catalog.

Roller disco featured in a spread for the 1980 Montgomery Ward catalog.

Detail from a 1980 advertisement for Hang Ten sportswear.

Ad for Breck Shampoo featuring American model and Charlie's Angels actress Shelley Hack.

Brooke Shields in an ad for Calvin Klein jeans.

Modeling sportswear in 1980 Sears Catalog.

Adidas sportswear advertisement promoting the 1980 Summer Olympics which the US later decides to boycott.

Detail from an advertisement for the Ford Mustang convertible.

An ad for the Moog Liberation keytar.

1980 Radio Shack catalog.

The television show Solid Gold debuts in 1980 featuring the latest hits accompanied by the Solid Gold Dancers.

The TV series Magnum, p.i. debuts in 1980 featuring Tom Selleck as a private investigator Thomas Magnum based in Oahu, Hawaii.

The comedy film 9 to 5, starring Jane Fonda, Lily Tomlin and Dolly Parton as working women with a tyrannical boss, is a box office hit in 1980.

The film Blue Lagoon, featuring Brooke Shields and Christopher Atkins stranded on a deserted tropical island, is a box office hit. Shields wins the first ever Golden Raspberry Award for her performance.

The disaster film parody Airplane! is released and becomes a huge hit. Produced on a budget of $3.5 million the ensemble film grosses over $170 million worldwide.

1980 boys looking tough for a photo.

Audience at a 1980 Van Halen concert.

Teens enjoy the designated smoking area at Latham High School (New York).

1980 teen dance.