1983 was a big year for Iron Man. Tony Stark, the original party animal, had always liked a drink, but this was the year that a business rival, Obadiah Stane, took advantage of Stark's weakness for the sauce, creating a set of circumstances to push him deep into a bottle. Consequently, Stark became bankrupt, losing his company, and his pilot / sidekick, Jim Rhodes, was forced to take over using the armour. Stark spent most of 1983 in various states of drunkenness, and it would a couple of years before he'd be back in the Iron Man suit. Rhodes, meantime, would get his own suit of armour, dubbed War Machine, and spend the next 25 years participating in the storylines deemed too racy, adult, or violent for Iron Man.
Meantime, 1983 also saw Starfox, half-brother of Thanos, make his debut as superhero, and saw Jack Monroe, retconned sidekick to the retconned Captain America of the 1950s, back in action as the new Nomad. Over in the UK, Captain Britain's sister, Betsy Braddock, was starting out on a path that would end up with her becoming the X-Men's Psylocke. Beta-Ray Bill was being given the power of Thor. Colossus' little sister, Illyana, was becoming ruler of Limbo, in the Magik mini-series. And Rogue, member of the Brotherhood of Evil Mutants, ditched her old gang and went off to join the X-Men.
In the real world, NATO decided to pretend to start World War 3, an exercise known as Able Archer 83, and as a result, the Soviets nearly launched a real one. Whoops.
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