a democratic process lest the results be rejected by the public. At this time, Indonesia was experiencing an economic boom with its gross domestic product growing at a rate of 8% in 1996, led by the manufacturing sector. Five months after the election, however, it was caught in the Asian Financial Crisis which began when the Thai baht collapsed in July. The rupiah dropped from Rp2,450 to Rp4,000 to the US dollar between July and October, and economic growth slowed to 1.4% in the fourth quarter. Unable to stabilise the economy, the government sought assistance from the International Monetary Fund. The rupiah declined further to one-sixth of its original value by January 1998. With rising unemployment and inflated food prices, the public lost confidence in the government's ability to turn the economy around. Violence spread throughout the island of Java, but the government exercised its power in February and imposed a 25-day ban on street protests. Law enforcement officials were given the authority to imprison anyone found participating in political activities in violation of the ban. Suharto was elected by the People's Consultative Assembly (, MPR) to a seventh consecutive five-year term as president in March. Despite calls for economic and political reforms, his controversial Seventh Development Cabinet included his family members and cronies, including protégé B. J. Habibie as vice-president. Student demonstrations in campuses grew in intensity following these events. Riots Medan (4–8 May) By the beginning of May, students had been demonstrating in campuses throughout Medan for nearly two months. The growing number of demonstrators was coupled with increasing calls from the public for overall reforms. On 27 April, the death of a student in a vehicle accident was blamed on security officials who had fired tear gas onto the campus. Over the next few days, the clashes between students and security forces grew. On 2 May, a showroom of the "national car" Timor, whose controversial development was spearheaded by the President's son Tommy Suharto, was attacked. When the government announced on 4 May that it would increase the price of gasoline by 70% and triple the price of electricity, campus groups reacted. More than 500 students gathered at the State Institute of Teacher Training and Education (, IKIP Negeri). Security forces barricaded the campus to prevent students from leaving and allegedly threw Molotov bombs at demonstrators through the day. Although the students had dispersed by late afternoon,