Harriet Tubman escapes slavery, the capstone is set on the Washington Monument, the TV special "Rudolph the Red-Nosed Reindeer" debuts, and Roy Orbison passes away, all on this day.
1994: Orange County, Calif., one of the richest counties in the U.S., files for bankruptcy protection due to investment losses of about $2 billion. The county lost at least $1.5 billion through high-risk investments in derivatives, leading to criminal charges against county treasurer Robert Citron. The bankruptcy was the largest municipal bankruptcy in U.S. history until Jefferson County, Ala., filed for Chapter 9 bankruptcy in 2011.
iStock / MartiSaiz
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