Three decades ago, the long-fought Iran-Iraq war had reached a deadly stalemate, the stock markets took a huge hit on Black Monday in October, American politicians were gearing up for the 1988 presidential race, Baby Jessica was rescued from a well, broadcast live on CNN, and much more. Photographers were also busy documenting the lives of Pee-wee Herman, Menudo, Mikhail Gorbachev, Howard Stern, Princess Diana, Donald Trump, Bernie Goetz, and many others. Take a step into a visual time capsule now, for a brief look at the year 1987.