On this day: December 31

Published On: Dec 29 2012 04:25:41 AM CST   Updated On: Dec 31 2013 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 - USS Monitor
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U.S. Navy

1862: Swamped by high waves during a heavy storm while under tow by the USS Rhode Island, the Union ironclad ship USS Monitor sinks off Cape Hatteras, N.C. Sixteen of the ship's 62 crewmen were lost in the storm.

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