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| | | | World History timeline |
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| 1986 |
| | | 20-year-old US boxer Mike Tyson knocks out Trevor Berbick to become the youngest ever world heavyweight champion | |
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| 1986 |
| | | Mad Cow Disease (BSE, or bovine spongiform encephalopathy ) is identified and described in Britain | |
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| 1986 |
| | | Details of the Iran-Contra affair spark a Washington scandal and the criminal prosecution of Oliver North | |
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| 1986 |
| | | Polish composer Krzysztof Penderecki's opera The Black Mask is premiered in Salzburg | |
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| 1986 |
| | | The Beastie Boys' Licensed to Ill becomes the first rap (or hip hop) album to top the US chart | |
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| 1987 |
| | | Mugabe and Nkomo merge their two parties as ZANU-PF, making Zimbabwe effectively a one-party state | |
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| 1987 |
| | | The Zimbabwean constitution is changed to make Mugabe executive president (with Nkomo vice-president, until his death in 1999) | |
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| 1987 |
| | | English poets John Fuller and James Fenton collaborate in a volume of satirical poems, Partingtime Hall | |
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| 1987 |
| | | 18-year-old German tennis player Steffi Graf deposes Martina Navratilova as world no. 1 | |
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| 1987 |
| | | Talking Heads, a series of dramatic monologues by English author Alan Bennett, is broadcast on British TV | |
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| 1987 |
| | | The US Congress begins an investigation of the Iran-Contra affair, eventually clearing President Reagan of direct involvement | |
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| 1987 |
| | | Timberlake Wertenbaker bases her play Our Country's Good on Thomas Keneally's novel The Playmaker | |
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| 1987 |
| | | Sylvie Guillem and Laurent Hilaire dance in the Paris premiere of William Forsythe's In the middle somewhat elevated | |
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| 1987 |
| | | US author Toni Morrison publishes her novel Beloved, loosely based on a real incident among freed slaves after the Civil War | |
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| 1987 |
| | | Most of the currency in circulation in Burma becomes worthless when Ne Win replaces it with new 45 and 90 kyat notes (he says 9 is is his lucky number) | |
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| 1987 |
| | | US architect Daniel Libeskind designs the City Edge project in Berlin, building it up from startlingly fragmented forms | |
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| 1987 |
| | | British golfer Nick Faldo wins the first of three victories in six years in the British Open | |
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| 1987 |
| | | US author Tom Wolfe gives a bleak view of contemporary New York in his novel The Bonfire of the Vanities | |
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| 1987 |
| | | The Dow-Jones index loses 30% in a dramatic US stock-market collapse | |
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| 1987 |
| | | John Adams' opera Nixon in China is performed in Houston | |
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| 1987 |
| | | Robert Hughes describes the penal system of colonial Australia in The Fatal Shore | |
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| 1987 |
| | | An Intifada begins against Israeli occupation of Palestinian land | |
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| 1987 |
| | | Hamas (acronym in Arabic for 'Movement for Islamic Resistance') is founded in the occupied territories to lead armed resistance against Israel | |
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| 1988 |
| | | Ayatollah Khomeini declares a fatwa against Salman Rushdie for his Satanic Verses | |
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| 1988 |
| | | Barry Levinson directs Dustin Hoffman and Tom Cruise in the film Rain Man | |
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| 1988 |
| | | A protest against the new Burmese currency escalates after the military kill a student activist, Maung Phone Maw, on the campus of Rangoon university | |
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| 1988 |
| | | The Liberals and the SDP merge in Britain to form a single political party, the Liberal Democrats | |
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| 1988 |
| | | A cease-fire withdraws Cuban troops from Angola and South African forces from Angola and Namibia | |
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| 1988 |
| | | British physicist Stephen Hawking explains the cosmos for the general reader in A Brief History of Time: from the Big Bang to Black Holes | |
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| 1988 |
| | | The 'new and permanent' Parliament House of Australia is completed in Canberra | |
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| 1988 |
| | | Britain stops funding Zimbabwe's purchase of land for redistribution, on the grounds that many of the farms are being given to the political elite | |
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| 1988 |
| | | The Soviet leader Mikhail Gorbachev announces that Soviet troops will leave Afghanistan, handing victory to the mujaheddin | |
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| 1988 |
| | | US athlete Carl Lewis sets a new world record for the 100 metres, winning gold at the Seoul Olympics | |
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| 1988 |
| | | A woman is consecrated as Suffragan Bishop of Massachusetts, becoming the first female bishop in the Anglican Communion's historic line of succession from St Peter | |
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