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This Day in History



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Last Build Date: Thu, 19 Oct 2017 05:00:00 GMT

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Black Monday: Dow Jones Industrial Average Falls 508 Points (1987)

Thu, 19 Oct 2017 05:00:00 GMT

(image) On what is known in the financial world as Black Monday, the Dow Jones Industrial Average fell 508 points, nearly 23%—the largest drop since 1914. Although the cause of the crash is still debated, its result was immediately apparent: it sent the value of markets plummeting worldwide. By the end of the month, markets in Hong Kong and Australia had lost over 40%. That December, a group of eminent economists predicted that the next few years could be the worst since the Great Depression. Were they? Discuss



Earthquake Destroys Basel, Switzerland (1356)

Wed, 18 Oct 2017 05:00:00 GMT

(image) Estimated to have been greater than 6.0 in magnitude, the Basel earthquake of 1356 may have been the most serious seismological event in the recorded history of central Europe. The main earthquake struck around 10 PM. In the Swiss city of Basel, all the major buildings—including castles and churches—were destroyed by the quake and subsequent fires. Three hundred people are thought to have been killed. The event was felt across Europe, including as far away as what locations?



Loyalty Day: Massive Crowd Demands Release of Juan Perón (1945)

Tue, 17 Oct 2017 05:00:00 GMT

(image) As secretary of labor and social welfare in the wake of the 1943 revolution in Argentina, Perón enacted a wide range of benefits for workers that earned him a loyal following. In October 1945, he was overthrown in a coup, arrested, and jailed. Mass demonstrations of workers forced his release on October 17, a day now known in Argentina as Loyalty Day. Shortly thereafter, Perón ran for president and was elected by a vast majority in 1946. He was forced into exile in 1955. When did he return?