December 21, 1985

By the winter of 1985, Reagan was in the White House and the federal minimum wage stood at $3.35/hr — where Donald Regan and James Baker swapped their senior White House roles in a move that made front-page news across the country. On television, "Dynasty" was pulling in massive prime-time audiences while Eddie Murphy's "Beverly Hills Cop" was still dominating the national conversation after becoming the highest-grossing film of 1984. In sports, the Edmonton Oilers had claimed the Stanley Cup over the Philadelphia Flyers, and on January 28, 1985, more than 45 of America's biggest recording artists gathered in a Los Angeles studio to record "We Are the World," a charity single organized by USA for Africa that would go on to sell over 20 million copies worldwide.