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Lot 12

IRANIAN HOSTAGE CRISIS.
Dow Jones Tickertape, 590 mm long, released January 20, 1981,

4 June 2014, 13:00 EDT
New York

US$700 - US$1,000

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IRANIAN HOSTAGE CRISIS.

Dow Jones Tickertape, 590 mm long, released January 20, 1981, reading "THE UNITED STATES GOVERNMENT HAS CONFIRMED THE FREEDOM OF THE US HOSTAGES AND THE FINANCIAL COMMUNITY JOINS THEIR FAMILIES AND OUR GOVERNMENT IN REJOICING AT THIS HAPPY MOMENT," with pencil annotation.

The joy and relief of the American people at the release of the 52 American hostages from Tehran was enormous. For 444 days of captivity, from November 4, 1979 to January 20, 1981, yellow ribbons adorned many a house or tree throughout the United States. The US had found itself defenseless against the power of a group of small students, backed by the governing regime. The crisis led to major changes in security arrangements for Americans abroad and in US Embassies around the world.

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