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2008 In Review: Top 10 News Stories Of The Year 1. Global Financial Crisis 2. Barack Obama Elected 44th U.S. President As "Time" magazine said in awarding Obama its "Person of the Year" honors,... 3. Russia-Georgia War Who started it, and when? Those questions about the brief but bloody August war ...What major events happened in the year 2008?
Important Events in 2008 Jan 21 Black Monday in worldwide stock markets. FTSE 100 had its biggest ever one-day points fall, European stocks closed with their worst result since 9/11, and Asian stocks drop as much as 15%. Feb 24 Fidel Castro retires as the President of Cuba due to ill health after nearly fifty yearsWhat happened in the 2008 election in California?
Also in the election, Democrats increase their majority in the House and pick up five seats in the Senate. Nov. 4: Voters in California narrowly pass a ballot measure, Proposition 8, that overturns the May 15, 2008, California Supreme Court decision that said same-sex couples have a constitutional right to marry.What was the global financial crisis of 2008?
Global Financial Crisis It's being called the worst financial crisis since the Great Depression. And like the Great Depression, the 2008 version began in the United States, but soon spread around the world.