1997 Asian financial crisis
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The 1997 Asian financial crisis gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effec
Rioters in Jakarta, during the May 1998 riots of Indonesia
Fall of Suharto: President Suharto resigns, 21 May 1998.
Fall of Suharto
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The fall of Suharto refers to the resignation of Indonesian President Suharto on 21 May 1998, ending his 32‑year authoritarian rule under the New Order regime, which occurred following nationwide prot
1997 Asian financial crisis
…to stem a global economic crisis did little to stabilize the domestic situation in Indonesia. After 31 years in power, Indonesian dictator Suharto was forced to step down on 21 May 1998 in the wake of widespread rioting that followed sharp price increases caused by a drastic devaluation of the rupiah. The effects of the…
President B. J. Habibie taking his presidential oath