#3 Hulkamania reigns as world champion
After Hogan's triumphant return, he was quickly booked into a world title match against champion Iron Sheik at Madison Square Garden.
The United States of America was experiencing major throes of embarrassment during the early 1980s. Firstly, they had by all accounts lost the Vietnam War, having thrown hundreds of thousands of lives and billions of dollars at overthrowing the communist government of a country where most of the population didn't have electricity or running water.
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Second, the Iran Hostage crisis still loomed large in the minds of many Americans. Iron Sheik was set up as the villain because of lingering resentment in the minds of Americans.
Hogan faced the Iron Sheik in a brief, but satisfying bout which saw Hogan crowned champion and birthed the Hulkamania movement. Hogan had arrived on the scene, and wrestling would never be the same.