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Today's Highlight in History: In 1848, the Second French Republic was proclaimed. In 1919, Congress established Grand Canyon2 National Park in Arizona. In 1929, President Coolidge signed a measure establishing Grand Teton National Park. In 1940, the United States Air Defense3 Command was created. In 1945, a midnight curfew on night clubs, bars and other places of entertainment was set to go into effect across the nation. In 1951, the 22nd Amendment4 to the Constitution, limiting a president to two terms of office, was ratified5. In 1952, Prime Minister Winston Churchill announced that Britain had developed its own atomic bomb. In 1979, a total solar eclipse cast a moving shadow 175 miles wide from Oregon to North Dakota before moving into Canada. In 1987, the Tower Commission, which probed the Iran-Contra affair, issued its report, which rebuked6 President Reagan for failing to control his national security staff. Ten years ago: Nicaraguan President Daniel Ortega conceded defeat to his opponent, Violeta Barrios de Chamorro, in a stunning7 election upset. Five years ago: The United States and China averted8 a major trade war by signing a comprehensive agreement. Barings PLC, Britain's oldest investment banking9 firm, collapsed10 after Nick Leeson, a 28-year-old securities dealer11, lost over $1.4 billion by gambling12 on Tokyo stock prices. One year ago: President Clinton, outlining foreign policy goals for the final two years of his administration, urged continued American engagement in the quest for peace and freedom abroad during a news conference in San Francisco.
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