A history of the Burnside problem
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Some definitions
 A Group G is said to be periodic if for all g ∈ G there exists n ∈ N with g^{n} = 1.
(Note that the number n may depend on the element g.)  A Group G is said to be periodic of bounded exponent if there exists n ∈ N with g^{n} = 1 for all g ∈ G. The minimal such n is called the exponent of G.
It is clear that any finite group is periodic. In his 1902 paper, Burnside [1] introduced what he termed "a still undetermined point" in the theory of groups:
General Burnside Problem:
Is a finitely generated periodic group necessarily finite?
Burnside immediately suggested the "easier" question:
Burnside Problem:
Is a finitely generated periodic group of bounded exponent necessarily finite?
Definition
Let F_{m} denote the free group of rank m. For a fixed n let F_{m}^{n} denote the subgroup of F_{m} generated by g^{n} for g ∈ G.
Then F_{m}^{n} is a normal subgroup of F_{m}(it is even an invariant subgroup), and we define the Burnside Group B(m, n) to be the factor group F_{m}/ F_{m}^{n} .
Burnside showed a number of results in his 1902 paper;
 B(1, n) C_{n}
 B(m, 2) is an elementary abelian group of order 2^{n} (a direct product of n copies of C_{2})
 B(m, 3) is finite of order ≤ 3^{2m1}
 B(2, 4) is finite of order ≤ 2^{12}. (in fact Burnside claimed equality)
Burnside and Schur made early progress on the problems in two papers, which confirmed that the problem would certainly not be straightforward:
Theorem (Burnside, 1905 [2])
A finitely generated linear group which is finite dimensional and has finite exponent is finite i.e. any subgroup of GL(n,C) with bounded exponent is finite.
Theorem (Schur, 1911 [3])
Every finitely generated periodic subgroup of GL(n,C) is finite.
These results imply that any counterexample to the Burnside Problems will have to be difficult, i.e. not expressible in terms of the wellknown linear groups. After this initial flurry of results, no more progress was made on the Problems until the early 1930's, when the topic was resurrected by the suggestion of a variant on the original problem:
Restricted Burnside Problem:
Are there only finitely many finite mgenerator groups of exponent n?
If the Restricted Burnside Problem has a positive solution for some m, n then we may factor B(m, n) by the intersection of all subgroups of finite index to obtain B_{0}(m,n), the universal finite mgenerator group of exponent n having all other finite mgenerator groups of exponent n as homomorphic images.
Note that if B(m,n) is finite then B_{0}(m,n) = B(m,n).
Despite this formulation having been present on the seminar circuit in the 1930's, it was not until 1940 that the first paper, by Grün [6], appeared specifically addressing the RBP, and not until 1950 that the term "Restricted Burnside Problem" was coined by Magnus [7].
1933  Levi, Van der Waerden [4] (independently) showed that B(m, 3) has order 3^{c}, c = m + _{m}C_{2} + _{m}C_{3} and is a metabelian group of nilpotency class 3.

1940  Sanov [5] proved that B(m, 4) is finite.

1954  Tobin [8] showed that B(2, 4) has order 2^{12}, and gave a presentation.

1955  Kostrikin[9] established that B_{0}(2, 5) exists. 
1956  Higman[10] proved that B_{0}(m, 5) exists.
P Hall and G Higman [11] showed that B_{0}(m, 6) exists and has order 2^{a}3^{b} where a = 1 + (m  1)3^{c} , b = 1 + (m  1)2^{m} , c = m + _{m}C_{2} + _{m}C_{3} and is hence soluble of derived length 3. 
1958  Marshall Hall Jr. [12] proved that B(m, 6) is finite, a contribution which was described as a "heroic piece of calculation" by one reviewer.
Kostrikin[13] showed that B_{0}(m, p) exists for all p prime. The 1956 HallHigman paper contains a remarkable reduction theorem for the Restricted Burnside Problem:
Theorem (HallHigman, 1956 [11])
(Note that iii. above is the socalled Schreier Conjecture) Now (moving ahead), the classification of finite simple groups in the 1980's shows that ii. and iii. hold. Even earlier it was known for n odd by FeitThompson (the "oddorder paper" of 1962), and at the time of publication must have been a reasonable conjecture. Consequently, to prove that B_{0}(m,n) exists for all m, n we need only (!) show that B_{0}(m, p^{k}) exists for all m and prime powers p^{k}. Kostrikin had "shown" that B_{0}(m, p) exists. 
1959  Turning back to the original Burnside Problems, Novikov announced that B(m, n) is infinite for n odd, n > 71. Novikov published a collection of ideas and theorems [14], but no definitive proof was forthcoming. John Britton suspected Novikov's proof was wrong and he began to work on the problem.

1964  Golod and Shafarevich [15] provided a counterexample to the General Burnside Problem  an infinite, finitely generated, periodic group. 
1968  S I Adian, P S Novikov [16] proved that B(m, n) is infinite for n odd, n ≥ 4381 with an epic combinatorial proof based upon Novikov's earlier efforts.
This saddened Britton since he was close to publishing himself, but he continued and finished in 1970. His paper was published in 1973, but Adian discovered that it was wrong. There was not a single error in any lemma. However in order to apply them simultaneously the inequalities needed to make their hypotheses valid were inconsistent. Britton never really recovered, and this was to be the last major research paper he published. 
1975  S I Adian [17] proved that B(m, n) is infinite if n odd, n > 665, improving the AdianNovikov result of 1968. 
1982  Ol'shanskii showed that given p a prime, p > 10^{75}, then there is an infinite group , every proper subgroup of which is cyclic of order p. (This is called the Tarski Monster)

1992  S V Ivanov proved that B(m, n ) is infinite for m > 1 and n ≥ 2^{48}. 
1994  Zelmanov was awarded a Fields medal for his positive solution of the Restricted Burnside Problem.

1996  I G Lysenok proved that B(m, n) is infinite for m > 2 and n even ≥ 2^{13}.

It is still an open question whether B(2, 5) is finite or not.
References (17 books/articles)
Other Web sites:
 Mathworld
 D Rusin
 S V Ivanov (pdf)
Article by: J J O'Connor and E F Robertson. Thanks to Andrew Isherwood.