By: Eric R. Elmore
In 1990, the City of Philadelphia was immersed in a financial crisis and on the verge of bankruptcy. Randall Cunningham led the Eagles to the playoffs and the city’s first skyscrapers, Liberty One and Two, were completed—much to Billy Penn’s chagrin. 1990 is also the year Drucker & Scaccetti was born. Join us in celebrating our 30th anniversary as we look at 30 other significant events from 1990. How many do you recall?
Here is a list of some top events from around the world that occurred in 1990. They are in no specific order, nor it is an exhaustive list.
- The first web server founded the World Wide Web and the first web page is written.
- Germany reunified after the fall of the Berlin Wall.
- The Hubble space telescope was launched.
- Iraq invaded neighboring Kuwait and the Gulf War began.
- Bonnie Raitt’s “Nick of Time” won the Grammy Award for Album of the Year.
- Nelson Mandela was released from a South African prison after serving 27 years. He later becomes President.
- 19-year old Pete Sampras won the men’s U.S. Tennis Open.
- The U.S. invaded Panama, capturing and arresting its leader General Manuel Noriega.
- L. Douglas Wilder (Virginia) became the first elected African American governor in the U.S.
- The first McDonald’s and Pizza Huts opened in Russia and China.
- The Detroit Pistons won the NBA championship.
- Violetta Chamorro was elected president of Nicaragua—she is the first woman elected president of a nation in the Western Hemisphere.
- The Edmonton Oilers won hockey’s Stanley Cup .
- Nick Faldo won his second Masters golf tournament.
- The Exxon Valdez oil tanker spilled 11 million gallons of crude oil in the sea off the coast of Alaska.
- “Driving Miss Daisy” won the Academy Award for Best Picture.
- The 1990 U.S. Census counted 248,709,873 in the United States (2019 estimate is 327.2 million) .
- Junk-bond financier Michael Milken was sentenced to 10 years in jail and fined $500 million for fraud.
- The San Francisco 49ers won their fourth Super Bowl.
- The World Health Organization removed homosexuality from its list of diseases.
- Phil Mickelson won the U.S. Amateur golf tournament.
- J. K. Rowling began writing her first novel, “Harry Potter and the Philosopher’s Stone.”
- West Germany won the FIFA World Cup.
- The Americans with Disabilities Act was signed into law by President George H.W. Bush.
- The first ban of smoking in bars in the U.S. was passed in San Luis Obispo, California.
- Leonard Bernstein conducted his final concert and died later in the year.
- Reporter Lisa Olson was sexually harassed by multiple New England Patriots players while trying to conduct a locker room interview.
- Unbridled won the Kentucky Derby.
- Washington, D.C.'s National Cathedral was completed.
- The landmark Clean Air Act became law, focused on urban pollution and cancer-causing emissions from industrial sources.
Throughout the year, we’ll reminisce about the 30 years we’ve been in business and how the world and Philadelphia has changed. Tell us about your favorite memories of the last 30 years and perhaps we’ll share them in a future post. But, most importantly, remember that we are here to help you and your family sustain and grow your wealth by thinking of Tax As A Business Strategy®. Let us put our highly skilled advisors and our 30 years in business to work for you. Call on us. We are always prepared to help.