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On May 17th, an accidental missile attack is launched by Iraq on the US Navy frigate USS Stark killing 37 US sailors.

On May 17th, an accidental missile attack is launched by Iraq on the US Navy frigate USS Stark killing 37 US sailors.

The Reagan administration is embroiled in a congressional investigation after illegally selling arms to the government of Iran and using the funds received to finance the Contra's in Nicaraqua. Both acts were subverting the will of the US Congress, as funding for the Contra's had been prohibited and the Ayatollah Khomeini regime in Iran was subject to an arms embargo at the time.

On October 19, 1987 the U.S. stock market falls 22% the greatest single day fall ever on Wall Street. Stock markets around the world follow. Known as Black Monday, the crash is quickly reversed in the following days eliminating fears of a Depression.

The sitcom Married...With Children debuts on Fox-TV and runs for the next decade. The show is about the family of Al Bundy, a Chicago shoe salesman, his lazy wife Peggy, his popular airhead teen daughter Kelly and his smart, horny and unpopular son Bud.

Acid washed denim shown in an ad for Bonjour Jeans from the August issue of Seventeen Magazine.

Super model Cindy Crawford shown in a 1987 advertisement for the GAP.

A 1987 ad for Salon Selectives..."Shampoo For Your Perm".

Photo from December 1987 Seventeen Magazine.

Detail from a 1987 advertisement for Baby Soft cosmetics.

1987 advertisement for Swatch.

1987 print ad for L.A. Gear sportwear.

Ray Ban sunglasses in ad from Seventeen Magazine.

Catalog page with Nike sportwear.

More acid washed denim, this time from Jordache.

The American sitcom Full House debuts on ABC TV in 1987. The story of a San Francisco widower who enlists his brother and best friend to help raise his three daughters. Though critically panned, the show is popular, running for eight seasons and continues to air in syndication today.

Thirtysomething is an ABC drama series about Philadelphia baby boomers coming to terms with adulthood. The series wins numerous Emmy Awards and runs for four seasons.

The romantic drama film Dirty Dancing is released in 1987. The film is about Frances "Baby" Houseman (Jennifer Grey) who falls in love with her dance instructor Johnny Castle (Patrick Swayze) at a summer resort. It is the first film to sell more than 100 million copies for home video. The soundtrack sells 32 million copies, making it one of the bestselling albums of all time.

Three Men and A Baby is the highest grossing movie in the U.S. in 1987. Directed by Leonard Nimoy (Star Trek) and starring Steve Guttenberg, Tom Selleck and Ted Danson, the film follows three men adapting to life with a baby.

Michael Douglas, Glenn Close and Anne Archer star in the psychological thriller Fatal Attraction. The film is nominated for six Academy Awards and becomes the highest grossing film of 1987 worldwide.

A group of high school students in Quincy, Massachusetts.

Kansas city kids at a high school sporting event.

Group of American high school students dressed for Prom.

American college student studying in the library.

Group of college students at the University of California - Irvine.