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About: Fall of Suharto     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatProtestsInIndonesia, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingyago:WikicatTerminationsOfEmploymentByIndividualyago:Abstraction100002137yago:Act100030358yago:Change107296428yago:End115266911yago:Event100029378yago:Happening107283608yago:Measure100033615yago:Objection107208338yago:Point115180528yago:Protest107210225yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntitymilitary conflictyago:Revolution107424109yago:SpeechAct107160883yago:Termination115268682yago:Wikicat20th-centuryRevolutionsyago:WikicatProtestsInIndonesia New Facet based on Instances of this Class

Suharto resigned as President of Indonesia on 21 May 1998 following the collapse of support for his 32-year long presidency. Vice President B. J. Habibie took over the presidency. Suharto's grip on power weakened following severe economic and political crises stemming from the 1997 Asian financial crisis. The economy suffered a flight of foreign capital, leading to a drastic drop in the value of the Indonesian rupiah, which severely impacted the economy and people's livelihoods.