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.
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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