This day in history

On 28 June, 1919, the day that the Treaty of Versailles is signed in Paris, John Maynard Keynes warns that the war reparations imposed on Germany in the punitive agreement would cause worldwide economic havoc.

When catastrophic German inflation and a world depression proved him right, Keynes advocated government spending to create employment.

A brilliant economist, the eventual establishment of the International Monetary Fund and the World Bank owed much to his ideas.
 

The United States formally hands back sovereignty of Iraq to the Iraqi Government.

In what is regarded as the first major protest on behalf of equal rights for homosexuals a police raid on the Stonewall Inn, a gay club New York City, turns violent as patrons and local sympathisers begin rioting against the police.
 

In America, Malcolm X forms the Organization of Afro-American Unity.

Archduke Franz Ferdinand, heir to the Austrian throne and his wife, Sophie, are assassinated in the Bosnian town of Sarajevo by terrorist Gavrillo Princip.
 

Queen Victoria is crowned Queen of England at Westminster Abbey in London at the age of 19.