1986 was a year of profound contrasts, marked by both devastating international tragedies and significant milestones in technology and social law. This summary provides a foundational overview of the key events and legal shifts of the year. Major Global Events
: This major overhaul simplified the income tax code, eliminated many tax shelters, and significantly changed tax brackets for American individuals and corporations. Cultural and Technological Shifts Chernobyl Accident 1986 - World Nuclear Association 1986 was a year of profound contrasts, marked
: Earlier that year, on January 28, the U.S. Space Shuttle Challenger disintegrated 73 seconds after liftoff, resulting in the death of all seven crew members, including teacher Christa McAuliffe. eliminated many tax shelters