On This Day

Events in History in November 2008

Electoral defeatElection of Interest

Nov 4 Barack Obama becomes the first African-American to be elected President of the United States, defeating Republican candidate John McCain

44th US President Barack Obama
44th US President
Barack Obama
US Senator John McCain
US Senator
John McCain

Electoral defeatElection of Interest

Nov 8 John Key leads the National Party to victory in New Zealand's general election, defeating nine year Prime Minister Helen Clark and her Labour-led coalition government

New Zealand Prime Minister John Key
New Zealand Prime Minister
John Key
New Zealand Prime Minister Helen Clark
New Zealand Prime Minister
Helen Clark
  • Nov 11 The RMS Queen Elizabeth 2 (QE2) set sail on her final voyage to Dubai.
  • Nov 13 Germany's economy, Europe's largest, contracts by 0.5% in the third quarter after GDP fell 0.4% in the second quarter, putting it in recession for the first time in five years
  • Nov 13 Equity research by Deutsche Bank states that Indonesia, Malaysia, Thailand and the Philippines should not experience a recession, despite potential harm to economic growth from falling commodity prices and possible weaker exports
  • Nov 14 Italy plunges into recession, its first since the start of 2005, after GDP contracts a steeper-than-expected 0.5% in the third quarter
  • Nov 14 Hong Kong becomes the second Asian economy to tip into recession, its exports hit by weakening global demand
  • Nov 14 Eurozone officially slips into recession for the first time since its creation in 1999, pushed down by recessions in Germany and Italy

AppointmentAppointment of Interest

Nov 14 Elizabeth Warren is appointed to chair a Congressional Oversight Panel for the Emergency Economic Stabilization Act

US Senator Elizabeth Warren
US Senator
Elizabeth Warren
  • Nov 17 Japan, the world's second-biggest economy, slides into its first recession in seven years
  • Nov 20 After critical failures in the US financial system began to build up after mid-September, the Dow Jones Industrial Average reaches its lowest level since 1997.
  • Nov 23 Economists at the University of Hawaii report that the state entered recession in the previous quarter based on the drop in tourist figures and growing unemployment, with 8,800 jobs expected to be cut in 2009
  • Nov 25 A car bomb in St. Petersburg, Russia, kills three people and injures one
  • Nov 26 Terrorist attacks in Mumbai, India: Ten coordinated attacks by Pakistan-based terrorists kill 164 and injure more than 250 people in Mumbai, India.
  • Nov 28 Sweden technically enters the recession after experiencing contraction of 0.1% in the second and third quarter