Monday, February 8, 2021

February 8, 1971. The birth of NASDAQ and Operation Lam Son 715

On this day in 1971 NASDAQ began operating as the world's first electronic stock exchange.

On the same day, the Army of the Republic of Vietnam launched operation Lam Son 715.  The operation featured ARVN forces entering Laos, on their own, to take on North Vietnamese forces there.


The operation would not prove to be a success, demonstrating that deficiencies in the South Vietnamese military and security were such that it was incapable of such large scale operations on its own.  The North Vietnamese were able to anticipate South Vietnamese actions, due to loose security. Additionally, the South Vietnamese, contrary to their latter day reputation, were over aggressive in going into Laos and failed to appreciate the level of support that they routinely relied upon from the US military.


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