HW bush became president February 6, 1989 Bank Bail-Out Plan Introduced President Bush, at a White House press conference, introduces his bail-out plan for troubled savings and loans banks. It provides for the sale of $50 billion in government bonds to finance the bail-out and gives the Federal Deposit Insurance Corporation (FDIC) regulatory oversight over S&Ls. March 14, 1989 Semi-Automatic Rifle Ban The Bush administration, at the urging of federal drug czar, William Bennett, announces a temporary ban o (6 янв 1989 г. – 11 дек 1993 г.)

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February 6, 1989
Bank Bail-Out Plan Introduced
President Bush, at a White House press conference, introduces his bail-out plan for troubled savings and loans banks. It provides for the sale of $50 billion in government bonds to finance the bail-out and gives the Federal Deposit Insurance Corporation (FDIC) regulatory oversight over S&Ls.

March 14, 1989
Semi-Automatic Rifle Ban
The Bush administration, at the urging of federal drug czar, William Bennett, announces a temporary ban on the importation of semi-automatic rifles, a reversal of President Bush's earlier statements indicating that no restriction on these firearms would be enacted.

March 24, 1989
Exxon Valdez Oil Spill
In the worst oil spill on American territory, the Exxon Valdez supertanker runs aground in southeastern Alaska. The tanker dumps 240,000 barrels of oil into the surrounding waters and causes extensive environmental damage.

April 17, 1989
Bush Offers Poland Assistance
President Bush offers a program of special assistance for Poland, whose Communist government has agreed to negotiations with the opposition Solidarity party which produce a plan for free elections. Elections are held in August, 1989, which lead to the end of single-party rule in Poland.

June 4, 1989
Tiananmen Square Massacre
The People's Liberation Army, the military arm of the Chinese government, uses tanks and armored cars to suppress a burgeoning pro-democracy movement that had encamped in Beijing's Tiananmen Square. Estimates on the number of demonstrators killed vary between 700 and 2,700.

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