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    What happened in 1971?

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  2. Oct 05, 2020 · What the hell happened in 1971 (and why the hell is it so important now)? The website “WTF happened in 1971” suggests that all of these different effects are related to President Richard Nixon naming the time in the Bretton Woods financial system when he linked the value of the world’s reserve currency – the US dollar – to gold.

  3. Jun 28, 2020 · The decision to suspend gold convertibility by President Richard Nixon on 15 August 1971 was triggered by French and British intentions to convert dollars into gold in early August. The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system.

  4. Sep 28, 2021 · Unfortunately, all that spending comes at a cost. The federal debt ballooned from $398 billion in 1971 ($2.7 trillion 2021 dollars) to $28.8 trillion today. But as the charts show, those are hardly the only costs. Economist Murray Rothbard liked to use a thought experiment to demonstrate how it worked.

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    January 2: After the passing of the Public Health Cigarette Smoking Act in 1970, cigarette advertising was banned on television and radio from this day onwards. January 2: The Ibrox disaster occurs, in which the crowd at an Old Firm football game in Britain was crushed while trying to leave the stadium. The disaster happened in an exit stairway at ...

    February 3: In Belfast, a series of house searches take place by the British Army in the Catholic areas of the city. This results in gun battles and serious rioting. February 4: Rolls Royce announces bankruptcy and becomes nationalized. February 4: In Brazil, a government exhibit that was being constructed collapses, resulting in 65 deaths. Februar...

    March 1: Causing an estimated $300,000 in damage, but not injuring or killing anyone, a bomb explodes in the Capitol building in Washington D.C. March 3: In South Africa, Winnie Mandela, anti-apartheid activist and second wife of Nelson Mandela, is sentenced to prison for one year. March 5: Led Zeppelin’s Stairway to Heaven is played live for the f...

    April 1: All restrictions on gold ownership are lifted in the UK. April 5: Canadian traveler Fran Phipps becomes the first woman to reach the North Pole. April 5: United States Lieutenant William Calley is sentenced to life imprisonment for the murder of 22 unarmed South Vietnamese civilians during the My Lai Massacre. His sentence was later reduce...

    May 1: The Amtrak Railroad in the United States begins operations. May 3: In East Germany, Erich Honecker succeeds Walter Ulbricht as the Communist party leader. May 3: 13,000 anti-Vietnam war protesters are arrested by the Nixon administration in 3 days. May 3: The English Division 1 football league championship is won by Arsenal F.C.after they pl...

    June 1: TV host Ed Sullivan holds his final TV show on CBS. June 5: American actor and former rapper Mark Wahlberg is born in Boston, Massachusetts. June 8: North Vietnam demands that the United States end their aid to South Vietnam during the Vietnam War. June 11: Neville Bonner is the first Indigenous Australian to become part of the Australian P...

    July 1: North Carolina ratifies the 26th Amendment, becoming the 38th state to approve of lowering the voting age to 18. July 1: An accord about the Falkland Islands is signed by Britain and Argentina. July 1: The debt acquired to build the Golden Gate Bridge in San Francisco is paid off. July 1: Washington state becomes the first state to ban sex ...

    August 1: The Concert for Bangladesh, a pair of benefit concerts organised by George Harrison and Ravi Shankar, takes place in New York City. 40,000 people attend. August 1: After winning the Dixie 500 in Atlanta, Georgia, Richard Petty becomes the first NASCAR driver to win a million dollars in career earnings August 6: At Muie College, University...

    September 3: John Lennon leaves the UK to go to New York City and will never again return to the UK. September 3: Qatar gains total independence from Britain. September 3: The team involved in Watergate break into Daniel Ellsberg’s doctor’s office. The burglars were trying to find information about Ellsberg to discredit him. September 4: An Alaskan...

    October 1: This 1971 timeline wouldn’t be complete without the opening of Disney World. In Orlando, Florida, Walt Disney World opened on this day, becoming the most visited vacation resort in 2018 with an attendance of more than 58 million people. October 3: Billie Jean King, American tennis player, is the first female athlete to win $100,000 in pr...

    • 01 Jan 1971 Cigarette advertisements are banned on American television.
    • 02 Jan 1971 The second Ibrox disaster kills 66 fans at a Rangers-Celtic football match.
    • 03 Jan 1971 Baltimore Colts beat Oakland Raiders 27-17 in AFC championship game.
    • 04 Jan 1971 Ohio agrees to pay US$675,000 to relatives of Kent State prison victims.
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