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Significant Books and Music of the Century, Year by Year 1988 was the year that the Iran-Iraq War finally ended; George Bush defeated Michael Dukakis in the U.S. presidential election; a terrorist bomb destroyed Pan Am Flight 103 over Lockerbie, Scotland; and the $30 million paid by Kohlberg Kravis Roberts for RJR Nabisco completed the largest leveraged buyout up to that point.
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