October 22, 1986 United States President Ronald Reagan signs the tax reform law. Known as “Reaganomics”, the policy benefits rich people and corporations.

October 23, 1929 The so-called Great Depression begins with the crash of the New York Stock Exchange.

October 24, 2006 Orientalist William Montgomery Watt dies at the age of 97 in Edinburgh, Scotland. He is considered one of the 21st century’s most important figures on Islamic thin