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  1. Construction on the Magic Kingdom park and several resorts is finished and Walt Disney World officially opens on October 1st of 1971. 6. Roy O. Disney dies in December of 1971, only a few months after the park opens. 7. The Epcot Center park opens in 1982. 8. Disney-MGM Studios, now known as Disney's Hollywood Studios, is opened in 1989. 9.

    • 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...

  2. Oct 25, 2011 · Learn about key events in history and their connections to today. On Oct. 25, 1971, the United Nations General Assembly voted to admit the People’s Republic of China (mainland China) and to expel the Republic of China (Taiwan). The Communist P.R.C. therefore assumed the R.O.C.’s place in the General Assembly as well as its place as one of ...

  3. STS-51-G Space Shuttle Discovery completes its mission, best remembered for having Sultan bin Salman bin Abdulaziz Al Saud, the first Arab and first Muslim in space, as a Payload Specialist. 2002 The Igandu train disaster in Tanzania kills 281, the worst train accident in African history. 2004

  4. en.wikipedia.org › wiki › January_1971January 1971 - Wikipedia

    • January 1, 1971
    • January 2, 1971
    • January 3, 1971
    • January 4, 1971
    • January 5, 1971
    • January 6, 1971
    • January 7, 1971
    • January 8, 1971
    • January 9, 1971
    • January 10, 1971
    The last cigarette commercials on U.S. television and radio were broadcast, and tobacco manufacturers spent $1,250,000 for the farewell advertising prior to the ban that went into effect at midnigh...
    The major bowl games of the 1970 college football season saw the #1 and #2 ranked teams defeated in the afternoon and in the evening, respectively. In Dallas, the Cotton Bowl was a rematch of the 1...
    The International Investment Bank (IIB) began operations as a lending institution for members states of the Soviet Union’s allies in Comecon, the Council for Mutual Economic Assistance.
    No-fault insurance went into effect within the United States for the first time, as an innovation in Massachusetts where the first law was enacted on August 13, 1970, "with the promise of lower rat...
    Sixty-six people were killed in Glasgow, and over 200 injured at Ibrox Park while leaving a soccer football match between Rangers and Celtic. Celtic had taken a 1 to 0 lead near the end of the matc...
    Dr Benjamin Sheares, a retired gynecologist, was sworn in as the second President of Singapore after being elected by the parliament to replace the late Yusof Ishak, who had died on November 23. Du...
    A group of Israeli anthropologists and doctors, led by Dr. Nicu Haas of the Hadassah Medical Center in Jerusalem, announced the discovery of "the first authenticated physical evidence of a crucifix...
    Born:
    BBC Open University, allowing older, working students to obtain an undergraduate university degree through distance learning, began operations in the United Kingdom, with the broadcast of early mor...
    American serial killer Carl "Charlie" Brandt, suspected in the murder of eight victims, took his first life at the age of 13 at his home in Fort Wayne, Indiana, killing his pregnant mother and woun...
    The New York Daily Mirror, reviving the name of an unrelated daily paper that had ceased publishing in 1963, went on sale as a new tabloid published by Robert W. Farrell and was published Monday th...
    Carlos Camacho took office as the first elected Governor of Guam, after having been the last appointed governor of the U.S. territory.
    Philadelphia’s "Black Mafia" gang committed the brutal robbery of the Dubrow Furniture store. Eight of its members entered the store at different times and then rounded up the employees after closi...
    For the first time in 20 years, a passenger ship from a Communist nation was allowed to sail into the New York Harbor, as the Polish luxury liner Stefan Batorydocked at Pier 40 at Houston Street. T...
    In the only known instance of the Harlem Globetrotters being defeated by the designated losers in their exhibition performances, the New Jersey Reds won, 100 to 99 at Martin, Tennessee.The last ins...
    Gunnar Jarring's missionto achieve a peaceful settlement of the conflict between Israel and its Arab neighbors resumed after initial failure.
    The first ever One Day International cricket match between Australia and England was played, taking place at the Melbourne Cricket Ground.
    Former world heavyweight boxing champion Sonny Liston was found dead in his Las Vegas home, after having last been heard from a week earlier.A coroner determined that Liston had probably died on De...
    In one of the few instances of a referee dying during a professional sporting event, Andy Hershock collapsed during an American Basketball Association game between the New York Nets and the visitin...
    A group of Canadian parents in Vancouver, who would be nicknamed the Militant Mothers of Raymur, began a successful campaign to stop the Canadian National Railroad from running its freight cars dur...
    The University of California Medical Center announced that a research team led by Dr. Choh Hao Li had made the first laboratory synthesis the growth hormone(somatotropin, referred to in humans as HGH)
    Died: Jorge Barbosa, 68, Cape Verdean poet and writer
    In advance of the scheduled March 28 election permitted by the President of Honduras, Air Force General Oswaldo López Arellano, the conservative National Party (PNH) and the Liberal Party(PLH) sign...
    All nine crew were killed in the crash of a U.S. Air Force B-52 Stratofortress, the worst-ever domestic accident of an American B-52. The bomber was on a training mission when it plunged into Lake...
    Born: Jeremy Renner, American film actor best-known for his portrayal of the superhero Hawkeye in five Marvel films; in Modesto, California
    The French Line cruise ship SS Antilles, which had carried passengers on Caribbean tours since 1953, was irreparably damaged after her captain sailed into a narrow, shallow and reef-filled strait a...
    The New Andy Griffith Show, a situation comedy unrelated to the popular sitcom about the fictional town of Mayberry, premiered on CBS at 8:30 as comedian Andy Griffith's second attempt to reprise h...
    Voyageurs National Park, Minnesota's first and only national park, was created by legislation signed into law by U.S. President Richard Nixon to set aside the 218,200 acres or 341 square miles (880...
    The Tupamaros guerrilla group kidnapped Geoffrey Jackson, the British ambassador to Uruguay, in Montevideo. Jackson was being driven to the British Embassy when his limousine was rammed by a car. F...

    American Airlines Flight 30, a Boeing 707, collided in midair with a small Cessna 150 plane that had flown into its path during its approach to the airport at Newark. The Cessna, with a flight inst...

    Masterpiece Theatre (now called Masterpiece), a drama anthology television series produced by WGBH Boston, premiered in the U.S. on the Public Broadcasting Service (PBS). The initial offering was a...
    An attempt by the South Vietnamese Army (ARVN), to liberate 20 American prisoners of war believed to be held by the Viet Cong in Cambodia, sent 200 ARVN paratroopers from U.S. helicopter gun ships...
    Died: Coco Chanel, 87, French fashion designer
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