On This Day

Events in History in October 2008

Event of interestEvent of Interest

Oct 3 The $700 billion bailout bill for the US financial system is signed by President George W. Bush

43rd US President George W. Bush
43rd US President
George W. Bush
  • Oct 4 On This Day (then HistoryOrb.com) receives its first major overhaul and redesign

Event of interestEvent of Interest

Oct 4 Mark Zuckerberg announces the appointment of Google executive Sheryl Sandberg as Facebook COO

Facebook Executive Sheryl Sandberg
Facebook Executive
Sheryl Sandberg
Facebook Founder Mark Zuckerberg
Facebook Founder
Mark Zuckerberg
  • Oct 6 MESSENGER spacecraft performs a second Mercury flyby
  • Oct 8 Nobel Prize for Medicine or Physiology awarded jointly to Harald zur Hausen (cause of cervical cancer) and Françoise Barré-Sinoussi, Luc Montagnier (discovery of HIV)
  • Oct 10 Singapore becomes the first Asian country to slip into a recession since the credit crisis began: growth has faltered as a result of less demand for exports, a reduction in tourism, and the end of the real-estate boom
  • Oct 13 HM Treasury infused £37 billion ($64 billion, 47 billion euros) of new capital-bailout into Royal Bank of Scotland Group Plc, Lloyds TSB and HBOS Plc, to avert a financial sector collapse.
  • Oct 17 Iran's attempt to create the world's largest sandwich (1,500 metres) fails when crowds eat it before it can be measured
  • Oct 22 India launches its first unmanned lunar mission Chandrayaan-1.
  • Oct 22 Google Play is launched, the official app store for the Android operating system
  • Oct 24 "Bloody Friday" saw many of the world's stock exchanges experienced the worst declines in their history, with drops of around 10% in most indices.
  • Oct 24 Iceland receives a £1.3 billion bailout package from the International Monetary Fund (IMF), 1st European country to require an emergency loan as a result of the financial crisis
  • Oct 27 The banking group BNP Paribas states that Australia is in a risky position with regards to the global financial crisis as foreign liabilities accounted for 60% of the nation's GDP
  • Oct 28 In the UK, 500,000 mortgage holders are left in negative equity after house prices drop 15% since the previous summer
  • Oct 29 Delta Air Lines merges with Northwest Airlines, creating the world's largest airline and reducing the number of US legacy carriers to 5.

Event of interestEvent of Interest

Oct 29 10th century Archimedes Palimpsest, featuring lost works of Archimedes, made freely available on the web, 10 years after bought by unknown tech figure

Mathematician and Inventor Archimedes
Mathematician and Inventor
  • Oct 31 Whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System" is published by the pseudonymous Satoshi Nakamoto. It describes a decentralized peer-to-peer network that could track and verify transactions while producing a transparent, verifiable record.