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This Day in History for December 31

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1776 – Rhode Island establishes wage & price controls to curb inflation: Limit is 70 cents a day for carpenters, 42 cents for tailors.

1841 – Alabama becomes 1st state to license dental surgeons.

1879 – Edison gives 1st public demonstration of his incandescent lamp.

1904 – First New Year’s celebration held in Times Square (then Longacre Square), in New York City.

1907 – For 1st time a ball drops at Times Square to signal the New Year.

1910 – US tobacco industry produced 9 billion cigarettes in 1910.

1921 – Last San Francisco firehorses retired.

1930 – US tobacco industry produced 123 billion cigarettes in 1930.

1935 – Charles Darrow patents Monopoly.

1938 – Dr. R. N. Harger’s “drunkometer”, 1st breath test, introduced in Indiana.

1945 – Ratification of United Nations Charter completed.

1946 – US President Harry Truman officially proclaims end of WW II.

1955 – The General Motors Corporation becomes the first U.S. corporation to make over $1 billion USD in a year.

1962 – American Basketball League announces suspension of operation.

1967 – Evel Knievel fails in his attempt to jump the Caesar’s Palace Foundation, Las Vegas, breaking his pelvis, femur, wrist, hip and both ankles.

1974 – NY Yankees sign Jim “Catfish” Hunter for 5 years for a record $3.75 million.

1981 – CNN Headline News debuts.

1988 – “The Fog Bowl”, a heavy, dense fog rolls over Soldier Field in Chicago during second quarter of the Bears vs Eagles NFC Divisional Playoff Game, cuts visibility to 15-20 yards (Bears win 20-12).

1997 – Intel cuts price of Pentium II-233 MHz from $401 to $268.

2005 – Jamie Dimon named as CEO of JPMorgan Chase.

2015 – 82nd Orange Bowl: #1 Clemson beats #4 Oklahoma, 37-17.