On this day: October 3

Published: Oct 03 2012 01:53:54 AM EDT   Updated On: Oct 03 2014 02:00:00 AM EDT

Bobby Thomson hits the "shot heard 'round the world," Woody Guthrie passes away, Germany comes together, and O.J. Simpson is found not guilty, all on this day.

OTD October 3 - President Bush TARP
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Brendan Smialowski/Getty Images

2008: President George W. Bush signs the Emergency Economic Stabilization Act of 2008 into law within hours of its congressional enactment. The law, enacted in response to the subprime mortgage crisis, created the $700 billion Troubled Asset Relief Program to purchase failing bank assets, especially mortgage-backed securities, and supply cash directly to banks.

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Slideshow Of The Day

On this Day

  • King Kong, 1933 movie poster

    Warner Bros. Pictures

    On this day: March 2

    Dr. Seuss is born, "King Kong" premieres, Elmer Fudd makes his debut, Wilt Chamberlain scores 100, and compact discs hit the American market for the first time, all on this day.