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Events on Saturday 2 December 1848 1
1848Franz Joseph I becomes Emperor of AustriaFerdinand I abdicates in his nephew's favourAt Olmütz on 2 December, Emperor Ferdinand I abdicated and his 18-year-old nephew Franz Joseph took the throne. Franz Joseph went on to rule for 68 years, until his death in 1916. His reign began with the suppression of the revolutions in Hungary and Italy.