This date marks the beginning of the Chakri dynasty, which still rules today. At this time, the country is known as Siam.
The absolute monarchy is overthrown in a bloodless coup. A constitutional monarchy is introduced with a parliamentary government.
Siam changes its name to Thailand.
The Asian financial crisis hits. The Thai Baht falls sharply against the Dollar, leading to unemployment and bankruptcies.
Thousands are killed by a massive tsunami that devastates the southwest coast of Thailand.
The government introduces a rice subsidy, ensuring that rice farmers receive a guaranteed price for their crop. This scheme causes government debt to soar, and the increase in prices causes Thailand to lose its title as the world’s largest exporter of rice.