Page 238 - chs-1988

c

r s

t
~
I

s r

~
~ I
I

s k

e

s

In an effort to keep th Pers1an Gulf open to nav1gat1on, the United States be an In July to escort vessel to
protect them from Iran. In September, the U.S. avy bl w up an Irani n sh1p that was cau ht lay1n m nes In th
Gulf e11eral min s were confiscated.

The Dow Jones Industrial stock average dropped sa!
po1nts, the largest in history, on Monday, October 19. An earthqua e that measured 6.1 on the Richter scale hll Southern California 1n October. It was not a
Some called 11 "crash'', others called It a meltdown"' catastrophic quake, but the damage was extensive.
and others called It .. Black Monday." Whatever It was, 11
stnpped ssro b1ll1on from the market value of U.S. secu·
r1t1es.

234 World Events