The World Trade Organization is founded. The WTO coordinates and strives to liberalize international trade. It has been criticized for ignoring and escalating the negative social and environmental side-effects of globalization.
A small group of students initiates pro-democracy protest on Tiananmen Square in Beijing. The death of reformer Hu Yaobang triggered the demonstrations, which grew in size and were brutally dispersed in the Tiananmen Square Massacre on June 4.
The United States launches retaliatory air strikes against Libya. Around 40 Libyan died in Operation El Dorado Canyon, including an infant girl. The attack was the United States' response to the bombing of a Berlin discotheque on April 5, in which 3 people had died.
The Eastman Kodak Company launches Kodachrome. The photographic film was one of the most popular media used by professional and hobby photographers around the world. The product was discontinued in 2009 because of the advent of digital photography.