Dow Jones Industrial Average
Today in History: October 19
Today in History: October 19: In 1987 on this day, the stock market crashed as the Dow Jones Industrial Average plunged 508 points on what came to be known as “Black Monday.” This happened when Ronald Reagan was president. It should have been seen as a signal that his trickle down economics was not viable. In 1781, British troops under General Lord Cornwallis surrendered at Yorktown, Virginia. This victory for the American Revolution signified that the war was coming to an end. In 1914, the First Battle of Ypres began in World War 1. In 1960, the Reverand Martin Luther King Jr. was arrested during a sit-down protest at a lunch counter in Atlanta. In 1977, the supersonic Concorde made its first landing in New York City. It flew from Toulouse, France in three hours and 44 minutes. In 2003, during a ceremony in St. Peter’s Square, Pope John Paul II beatified Mother Teresa. In 2005, accused of crimes against humanity Saddam Hussein was put on trial by the Iraqi Interim Government. In the third and final 2016 presidential debate, Republican Donald Trump refused to say he would accept the results of the election if he were to lose. This behavior has been consistent even up to this day. Trump shows through his actions that he believes U.S. laws do not apply to him. For reasons such as this, most authorities in the U.S. believe Trump is not fit to be president and never has been.