The New York Stock Exchange is founded, Frazier outlasts Ali, the compact disc makes its debut, and Baseball Hall of Famer Joe DiMaggio dies, all on this day.
1971: In what became known as the "Fight of the Century," Joe Frazier defeats the previously unbeaten Muhammad Ali by unanimous decision at Madison Square Garden in New York City. Early in the 15th and final round, Frazier landed a left hook that put Ali on his back for only the third time in his career. The fight was the first of three bouts between the heavyweight rivals. Ali would exact some revenge in January 1974, beating Frazier by unanimous decision, before scoring a TKO when Frazier's trainer refused to let Frazier come out for the 15th round of their October 1975 match known as the "Thrilla in Manila."
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