It was the start of the Bicentennial year in the United States in which the country would celebrate its 200th year of independence. It was a big deal, full of celebrations and commemorations. It was particularly notable if you were in school at the time, which I was (junior high).
Venezuela nationalized its oil industry, putting all of it, including foreign interests, in its state oil company.
Donald Trump has recently been complaining about this.
A lot of nations have done this over time, and its often been upsetting to US oil interests at the time, but the concept of nationalizing petroleum interests to some degree is not irrational, and while I haven't had the chance to post on it yet, quite frankly nationalization of undeveloped petroleum resources in the US is something that is at least worth talking about, even though it will never occur.
A Lebanese airliner exploded over Saudi Arabia from a bomb in the cargo hold. All 81 people were killed in an act of terrorism for which the responsible party has never been determined, although Omani terrorists are suspected by some forces. Apparently the bomb was set to have gone off while the plane was empty and on the ground, but things went awry.
The Australian Defence Force came into being, giving the Australian military a unified command.
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