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Toy R Us files for Chapter 7 bankruptcy

In 2018, the company announced that it would close all of its U.S. and British stores. The British locations closed in April and the U.S. locations in June. The Australian wing of Toys "R" Us closed all of its stores in August. Operations in other international markets such as Asia and Africa were less affected.

President Putin orders Russian troops out of Syria

After several months of the Russian military intervention in Syria, Putin announced the mission to be accomplished. With this statement, he ordered a withdrawal of forces from the country, however, without giving a deadline for its completion. Russian military bases were said to continue operating in the area to monitor the ceasefire.

Xi Jinping is named as the new President of the People's Republic of China

Xi Jinping rose from the position of General Secretary of the Communist Party to a presidency. He was elected after being voted for by the People's Congress in Beijing. He replaced Jintao, who served two terms. Since then, the limit for the presidency has been abolished, allowing him to become a de facto dictator for unlimited time.

Tibetan unrest

The 2008 Tibetan unrest was a series of riots, protests, and demonstrations that started in the Tibetan regional capital of Lhasa. Casualty estimates vary; the Chinese government claimed that 23 people were killed during the riots themselves, and the Tibetan government-in-exile claimed that 203 were killed in the aftermath.

Linux 1.0.0 is released

Linux is a family of free and open-source software operating systems built around the Linux kernel. Typically, Linux is packaged in a form known as a Linux distribution for both desktop and server use. The defining component of a Linux distribution is the Linux operating system kernel.

Mikhail Gorbachev becomes president of the Soviet Congress

Gorbachev was elected as first and the only President of the Soviet Union. He was chosen by Congress of People's deputies, after gaining 59% of their votes. Following this, he chose a council of 15 politicians, thus creating his own political support base, independent of conservatives and radical reformers.

Nazi Germany dissolves Republic of Czechoslovakia

The signing of Munich Agreement left Czechoslovakia weak and powerless against the subsequent occupation. German Wehrmacht moved in, seizing the power over the country. It was divided into the Protectorate of Bohemia and Moravia, Slovak State and Carpathian Ukraine, while Poland and Hungary annexed some areas.

Pan American Airlines incorporates

Pan American World Airways, originally founded as Pan American Airways, was the principal and largest international air carrier and unofficial flag carrier of the United States from 1927 until its collapse in 1991. It was founded in 1927 as a scheduled air mail and passenger service operating between Key West, Florida and Havana, Cuba.

U.S. Congress ratifies the Gold Standard, backing dollar with gold

The Gold Standard Act of the United States established gold as the only standard for redeeming paper money, stopping bimetallism. It was signed by President William McKinley. The Gold Standard Act confirmed the United States' commitment to the gold standard by assigning gold a specific dollar value.

Cotton gin

American inventor Eli Whitney patented the cotton gin, a machine that quickly and easily separates cotton fibres from their seeds. His device allowed greater productivity than manual cotton separation. It revolutionized the cotton industry in the United States, but also led to the growth of slavery in the American South.

Anniversaries of famous