It Happened On #99

I didn’t win the lottery today either. How sad. However, like yesterday, I got 2 more lenses in the mail. I can’t use any yet because I need to buy adaptors

It happened on January 4 1999…for the first time since Charlemagne’s reign in the ninth century, Europe is united with a common currency when the “euro” debuts as a financial unit in corporate and investment markets. Eleven European Union (EU) nations (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain), representing some 290 million people, launched the currency in the hopes of increasing European integration and economic growth. Closing at a robust 1.17 U.S. dollars on its first day, the euro promised to give the dollar a run for its money in the new global economy. Euro cash, decorated with architectural images, symbols of European unity and member-state motifs, went into circulation on January 1, 2002, replacing the Austrian schilling, Belgian franc, Finnish markka, French franc, German mark, Italian lira, Irish punt, Luxembourg franc, Netherlands guilder, Portugal escudo and Spanish peseta. A number of territories and non-EU nations including Monaco and Vatican City also adopted the euro.

Conversion to the euro wasn’t without controversy. Despite the practical benefits of a common currency that would make it easier to do business and travel throughout Europe, there were concerns that the changeover process would be costly and chaotic, encourage counterfeiting, lead to inflation and cause individual nations to lose control over their economic policies. Great Britain, Sweden and Demark opted not to use the euro. Greece, after initially being excluded for failing to meet all the required conditions, adopted the euro in January 2001, becoming the 12th member of the so-called eurozone

Also on January 4 1974, President Richard Nixon refuses to hand over tape recordings and documents that had been subpoenaed by the Senate Watergate Committee. Marking the beginning of the end of his Presidency, Nixon would resign from office in disgrace eight months later

Meanwhile, in Canada, on January 4 1983, Criminal Code changes replace rape with 3 categories of sexual assault. The changes give equal protection to men and women. Women are now allowed to charge their husbands with sexual assault

This is the second last It Happened On, so enjoy while you can!

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