Event:
Stock markets around the world fall after China reports a low value for its purchasing managers' index, suggesting that the nation's economy is slowing; in the U.S., the Dow Jones Industrial Average drops by 470 points
More Notable Events on September 1:
1995 Rock and Roll Hall of Fame opens in Cleveland, Ohio
1985 U.S. - French expedition locates wreckage of Titanic off Newfoundland
1983 Korean Boeing 747 strays into Siberia and is shot down by a Soviet jet
1977 1st TRS-80 Model I computer sold
1858 1st transatlantic cable fails after less than 1 month
