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  2. Nov 8, 2016 · 9th December » Indo-Pakistani War of 1971 e.g Indo-Pakistani War: The Indian Air Force executes Meghna Heli Bridge e.g an airdrop of Indian Army units, bypassing Pakistani defences. 18th December » Capitol Reef National Park is established in Utah. 20th December » Zulfikar Ali Bhutto takes over as the fourth President of Pakistan. « Year 1970

    • Year 1972

      Historical Events for the Year 1972. 4th January » Rose...

    • June

      Historical Events for June, 1971. 6th » Soyuz program:...

    • May

      Historical Events for May, 1971. 1st » Amtrak (the National...

    • July

      Historical Events for July, 1971. 5th » Right to vote: The...

    • August

      Historical Events for August, 1971. 5th » The first Pacific...

    • September

      Historical Events for September, 1971. 3rd » Qatar becomes...

  3. What happened in 1971 Major News Stories include Intel releases world's first microprocessor, the 4004, Aswan Dam is completed, Charles Manson and three of his followers receive the death penalty, National Public Radio (NPR) broadcasts for the first time, Walt Disney World Resort opens in Florida, Mount Etna erupts, Voting Age Lowered US and UK …

    • WTF Happened in 1971?
    • FDR, Nixon, and The Gold Standard
    • So What About Nixon?
    • That’S What Happened in 1971

    For those who aren’t aware, there is an entire website dedicated to that question: wtfhappenedin1971.com/. The first thing that becomes apparent is that something happened in 1971. This fact is made clear by a series of charts, all based on government data, that show various odd economic trends began in that year. Income inequality, for example, be...

    For years, I was always bored to death when I'd hear discussions about the gold standard. Monetary policy wasn’t just dull, but confusing. Some people blamed Nixon for taking the US off the gold standard; others would say, “No, no. It was FDR.” So who was it? And what is “the gold standard,” anyway? The gold standard is simply a monetary system tha...

    So it was FDR that moved the US off the gold standard? Not quite. From 1946 to 1971, nations operated under a new monetary system: the Bretton Woods Agreement. “The Bretton Woods system was designed by the Allied nations, led by the United States, near the end of World War II as a postwar international monetary order,” explainseconomist Jonathan Ne...

    So now you know what happened in 1971. The US became what is known as a fiat currency system, one in which paper is legal tender backed not by gold, silver or some other commodity, but by government decree. The economist Thorsten Polleit described three thingsall fiat monies have in common: 1. the government (or its central bank) has the monopoly o...

    • 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.
  4. 1971 The U.S. voting age is lowered from 21 to 18 years old when the 26th amendment is ratified. 1972 The Watergate Scandal begins when White House operatives are caught burglarizing the Democratic National Committee 1973 The United States Supreme Court declares that abortion is a constitutional right in the landmark decision on the Roe v. Wade