On this day: December 31

Published On: Dec 29 2012 04:25:41 AM CST   Updated On: Dec 31 2015 01:00:00 AM CST

Times Square holds its first New Year's Eve celebration, the board game Monopoly is patented, "Calvin and Hobbes" say goodbye, and the U.S. relinquishes control of the Panama Canal, all on this day.

OTD December 31 - Gabby Douglas
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Ronald Martinez/Getty Images

1995: Gymnast Gabby Douglas, who won gold medals in both the individual and team all-around competitions at the 2012 Summer Olympics in London, is born in Virginia Beach, Virginia.

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