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| 1988 |
| | Augusto Pinochet, the only candidate in Chile's presidential election, resigns when he wins less than half the votes cast | |
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| 1988 |
| | English conceptual artist Damien Hirst organizes the first exhibition of the 'Young British Artists', also known as the Britpack | |
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| 1988 |
| | Australian author Peter Carey's novel Oscar and Lucinda wins the Booker Prize | |
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| 1988 |
| | Republican George Bush ('read my lips, no new taxes') wins the US presidential election | |
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| 1988 |
| | M. Butterfly, by US author and composer David Henry Hwang, uses Puccini's opera as its inspiration | |
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| 1988 |
| | 35-year-old Benazir Bhutto, daughter of the executed president, leads a coalition government in Pakistan | |
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| 1988 |
| | A terrorist bomb brings down flight Pan Am 103 over Lockerbie in Scotland | |
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| 1989 |
| | Paraguayan dictator Alfredo Stroessner is toppled by Andrés Rodríguez, who restores democracy to the country | |
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| 1989 |
| | The USSR completes the phased withdrawal of its troops from Aghanistan | |
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| 1989 |
| | The supertanker Exxon Valdez spills vast quantities of oil in Prince William Sound, Alaska | |
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