Gold Prices Soar

After being released from government control, gold reaches a new record price on January 14, 1980, exceeding $800 an ounce. Gold is scattered sparsely throughout the earth’s crust and since ancient times has been treasured for both its scarcity and metallurgic properties. Before the 19th century, most nations maintained a bimetallic monetary system, which often […]

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United Nations Vote “Deplores” Soviet Intervention In Afghanistan

In a crushing diplomatic rebuke to the Soviet Union, the U.N. General Assembly votes 104 to 18 to “deplore” the Russian intervention in Afghanistan. The resolution also requested the “immediate, unconditional and total withdrawal of the foreign troops from Afghanistan.” The immense margin of victory for the resolution indicated the worldwide disapproval for the December […]

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The Sugarhill Gang’s “Rapper’s Delight” Becomes Hip-hop’s First Top 40 Hit

Hip hop’s roots as a musical phenomenon are subject to debate, but its roots as a commercial phenomenon are much clearer. They trace back directly to January 5, 1980, when the song “Rapper’s Delight” became the first hip hop single ever to reach the Billboard top 40. Prior to the success of “Rapper’s Delight,” hip […]

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Carter Reacts To Soviet Intervention In Afghanistan

In a very strong reaction to the December 1979 Soviet military intervention into Afghanistan, President Jimmy Carter requests that the Senate postpone action on the SALT-II nuclear weapons treaty and recalls the U.S. ambassador to the Soviet Union. These actions indicated that the U.S.-Soviet relationship had been severely damaged by the Russian action in Afghanistan […]

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U.S. – Russia Detente Ends

On this day in 1980, in a strong reaction to the December 1979 Soviet invasion of Afghanistan, President Jimmy Carter asks the Senate to postpone action on the SALT II nuclear weapons treaty and recalls the U.S. ambassador to Moscow. These actions sent a message that the age of detente and the friendlier diplomatic and […]

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Oil Tankers Collide In Caribbean Sea

On this day in 1979, two gigantic supertankers collide off the island of Little Tobago in the Caribbean Sea, killing 26 crew members and spilling 280,000 tons of crude oil into the sea. At the time, it was the worst oil-tanker accident in history and remains one of the very few times in history when […]

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