The past leaves a trace.

U.S. President Jimmy Carter authorizes legislation giving $1.5 billion in loans to bail out the Chrysler…

U.S. President Jimmy Carter authorizes legislation giving $1.5 billion in loans to bail out the Chrysler Corporation.

James Earl Carter Jr. was an American politician and humanitarian who served as the 39th president of the United States from 1977 to 1981. A member of the Democratic Party, Carter served as the 76th governor of Georgia from 1971 to 1975 and in the Georgia State Senate from 1963 to 1967. He lived longer than any other president in U.S. history, reaching age 100.

Iberia Flight 602 crashes near Ibiza Airport, killing all 104 people on board.

Iberia Flight 602 crashes near Ibiza Airport, killing all 104 people on board.

Iberia Flight 602 was a domestic scheduled passenger flight operated by a Sud Aviation SE 210 Caravelle that took off from Valencia, Spain, bound for the Balearic island of Ibiza, which flew into the side of a mountain near Ibiza Airport. All 98 passengers and 6 crew died in the crash.

Birth of Lou Graham

Born: Lou Graham, American golfer.

Louis Krebs Graham was an American professional golfer. He won six PGA Tour tournaments including the 1975 U.S. Open.

The first American commercial bank, the Bank of North America, opens.

The first American commercial bank, the Bank of North America, opens.

The Bank of North America was the first chartered bank in the United States, and served as the country's first de facto central bank. It was chartered by the Congress of the Confederation on May 26, 1781, and opened in Philadelphia, Pennsylvania, on January 7, 1782.

Galileo Galilei makes his first observation of the four Galilean moons: Ganymede, Callisto, Io and Europa,…

Galileo Galilei makes his first observation of the four Galilean moons: Ganymede, Callisto, Io and Europa, although he is not able to distinguish the last two until the following night.

Galileo di Vincenzo Bonaiuti de' Galilei, commonly referred to as Galileo Galilei or mononymously as Galileo, was an Italian astronomer, physicist, engineer and polymath. He was born in Pisa, then part of the Duchy of Florence. Galileo has been called the father of observational astronomy, classical physics, the scientific method, and modern science.

The people of Constantinople revolt, lynch the unpopular official Nikephoritzes and proclaim Nikephoros…

The people of Constantinople revolt, lynch the unpopular official Nikephoritzes and proclaim Nikephoros Botaneiates as emperor.

Constantinople, the modern Istanbul, was the capital of the Roman Empire and Byzantine Empire from 330 until its takeover by the Ottoman Empire in 1453. After this, it continued to function as the Ottoman capital until the abolition of the Ottoman sultanate in 1922. It was located at the core of the modern city of Istanbul, on a peninsula at the southeastern tip of Thrace in Europe; with the Bosporus strait and the ancient cities of Chalcedon and Chrysopolis in Bithynia, Anatolia to the east; the Golden Horn and the citadel of Galata (Pera) to the north; the Sea of Marmara to the south; and the Princes' Islands to the southeast.

Death of Aldric

Died: Aldric, bishop of Le Mans.

The Senate of Rome says that Caesar will be declared a public enemy unless he disbands his army, prompting…

The Senate of Rome says that Caesar will be declared a public enemy unless he disbands his army, prompting the tribunes who support him to flee to where Caesar is waiting in Ravenna.

The Senate was the governing and advisory assembly of the aristocracy in the ancient Roman Republic. It was not an elected body, but one whose members were appointed by the consuls, and later by the censors, which were appointed by the aristocratic Centuriate Assembly. After a Roman magistrate served his term in office, it usually was followed with automatic appointment to the Senate. According to the Greek historian Polybius, the principal source on the Constitution of the Roman Republic, the Roman Senate was the predominant branch of government. Polybius noted that it was the consuls who led the armies and the civil government in Rome, and it was the Roman assemblies which had the ultimate authority over elections, legislation, and criminal trials.