17 November 1989: The Velvet Revolution begins in Czechoslovakia

On this day in 1989, the Velvet Revolution got underway in Czechoslovakia when a peaceful student demonstration demanding reform turned violent.

Crowd in Czechoslovakia
Czechoslovakians flooded the streets
(Image credit: © David Turnley/Corbis/VCG via Getty Images)

In the autumn of 1989, change was sweeping through communist Europe. The fall of the Berlin Wall on 9 November made it easier for Czechoslovakians, eager to escape the political repression in their country, to flee to West Germany.

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Chris Carter
Wealth Editor, MoneyWeek