By the Numbers in 1992
World Population
—
UK Life Expectancy
58.3 years
US Life Expectancy
58.7 years
Gold Price (per oz)
$361.02
Dow Jones Index
4,360
US National Debt
—
Sovereign Nations
185
How Much Did Things Cost in 1992?
| Item | UK | US |
|---|---|---|
| Average house price | £60,257 | $103,000 |
| Average salary | £14,886 | $31,500 |
| Pint of milk | 27p | $0.57 |
| Loaf of bread | 54p | $0.74 |
| Dozen eggs | £1.06 | $1.03 |
| Pint of beer | £1.25 | $2.20 |
| Gallon of petrol/gas | £2.00 | $1.13 |
| Cinema ticket | £3.00 | $4.15 |
Technology and Inventions in 1992
Text messaging (SMS) was sent for the first time. Windows 3.1 became the dominant PC operating system. The term 'surfing the Internet' was coined, though very few people had actually been online. Sega and Nintendo battled fiercely in the console wars.
- ● First SMS text message sent ('Merry Christmas')
- ● Windows 3.1 released, selling a million copies in two months
- ● IBM Simon, considered the first smartphone, was demonstrated
- ● Wolfenstein 3D launched the first-person shooter genre
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