President Nixon signed legislation that banned cigarette advertising on radio and television. The ban would not go into effect for the rest of the year. Cigarette advertising had been a major feature of television advertising up to that time, with the theme of the Magnificent Seven effectively used by Marlboro on its cowboy themed television advertisements. Somewhere, I have an old record that dates back to that put out by Marlboro.
The banning of the advertisements was a major event.
The United Kingdom ended restrictions on gold ownership The gold standard was fully on its way out globally at the time, although the British had been off of the gold standard directly since 1931. The Bretton Woods Agreement, however, had put the nations entering it onto an international gold standard system. That system was rapidly collapsing in 1971.
Canada introduced its postal code in a test run in Ottawa. The U.S. Zip code had been in effect since 1963.
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