Event:
Stock markets around the world fall drastically due to concerns about an economic slowdown in China; the Dow Jones falls 1,000 points, closing down 588 points, while the Shanghai composite closes down 8.5%
More Notable Events on August 24: 1969 Peru nationalizes U.S. oil interests
1949 NATO, North Atlantic Treaty Organization, goes into effect
1912 Territory of Alaska organizes
1909 Workers start pouring concrete for Panama Canal
1891 Thomas Edison patents motion picture camera
