| George Bush is inaugurated as the 41st U.S. president and Dan Quayle becomes vice-president.
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Indian-born writer Salman Rushdie publishes "The Satanic Verses". It was quickly condemned by Muslims; Rushdie goes into hiding.
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| Hundreds of demonstrators are killed by troops in Peking's T'ien-an-Men Square.
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| Demonstrations in East Germany lead to the demolition of the Berlin Wall.
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U.S. forces invade Panama. General Noriega surrenders and is held on drug charges.
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The average price of a new home is $148,000. | |