11 April 1987: A Week to Remember
Overview
The week of 11 April 1987 was a significant one in world history, marked by several notable events that had a lasting impact on global politics, economy, and popular culture. In this article, we will delve into the key happenings of that week and explore their relevance in today's context.
Politics
USSR and Afghanistan
On 11 April 1987, the Soviet Union announced its decision to withdraw its troops from Afghanistan, ending a nine-year occupation that had resulted in the deaths of over a million Afghans and 15,000 Soviet soldiers. This move was seen as a significant shift in the Soviet Union's foreign policy, marking a decline in its global influence.
U.S. and Libya
In the same week, U.S. President Ronald Reagan imposed economic sanctions on Libya in response to its alleged involvement in international terrorism. This move heightened tensions between the two nations, which would continue to escalate in the coming years.
Business and Economy
Stock Market
The week of 11 April 1987 saw a significant decline in stock markets worldwide, with the Dow Jones Industrial Average plummeting by 4.6% on a single day. This marked the beginning of a bear market that would last for several months, affecting investors globally.
Auto Industry
On 13 April 1987, Ford Motor Company unveiled the Ford Taurus, a new line of sedans that would go on to become one of the best-selling cars in American history. The Taurus was a game-changer for the auto industry, featuring a radical new design that would inspire a generation of car designers.
Popular Culture
Music
The week of 11 April 1987 saw the release of U2's iconic album "The Joshua Tree," which would go on to sell over 25 million copies worldwide and cement the Irish rock band's status as one of the greatest acts of the 1980s.
Film
On 17 April 1987, the critically acclaimed film "Prizzi's Honor" was released, starring Jack Nicholson and Kathleen Turner. Directed by John Huston, the film would go on to receive several Academy Award nominations and win one for Best Supporting Actor.
Conclusion
The week of 11 April 1987 was a significant one in world history, marked by important events in politics, business, and popular culture. From the Soviet Union's withdrawal from Afghanistan to the release of U2's iconic album "The Joshua Tree," this week had a lasting impact on global events and continues to influence our world today.
