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1988 (MCMLXXXVIII) was a leap year starting on Friday of the Gregorian calendar, the 1988th year of the Common Era (CE) and Anno Domini (AD) designations, the 988th year of the 2nd millennium, the 88th year of the 20th century, and the 9th year of the 1980s decade.
The U.S. Drought of 1988 causes big crop damage in many states, impacts many portions of the United States and causes around $60 billion in damage. Multiple regions suffer in the conditions. Heat waves cause 4,800 to 17,000 excess deaths while scorching many areas of the United States during 1988.
NYSE institutes rule regarding trading curbs in 1988. Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was the global, severe and largely unexpected [ 1 ] stock market crash on Monday, October 19, 1987.
Presidential elections were held in the United States on November 8, 1988. The Republican Party's ticket of incumbent Vice President George H. W. Bush and Indiana Senator Dan Quayle defeated the Democratic ticket of Massachusetts Governor Michael Dukakis and Texas Senator Lloyd Bentsen.
This is the longest period of economic contraction recognized by the NBER, though the Long Depression is sometimes held to be the entire period from October 1873 to December 1896. [23] [24] Depression of 1882–1885: March 1882 – May 1885 3 years 2 months 3 years −32.8% −24.6%
More than 30 years ago, Rob Lowe's reputation was in the gutter — and he's better for it. Reflecting on the infamous 1988 sex tape that ground his career to a halt, Lowe said on SiriusXM's "The ...
The 1980s (pronounced "nineteen-eighties", shortened to "the '80s" or "the Eighties") was the decade that began on 1 January 1980, and ended on 31 December 1989.. The decade saw a dominance of conservatism and free market economics, and a socioeconomic change due to advances in technology and a worldwide move away from planned economies and towards laissez-faire capitalism compared to the 1970s.
The church bombing and standoff occurred in the small Utah town of Marion. The Singer-Swapp Standoff was a January, 1988 incident when a Mormon fundamentalist group led by Addam Swapp and his mother-in-law, Vickie Singer, bombed a Church of Jesus Christ of Latter-day Saints chapel [1] in Marion, Utah.