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.
1975: Film director and producer George Stevens, best known for movies such as "A Place in the Sun," "Shane," "Giant," "The Diary of Anne Frank" and "The Greatest Story Ever Told," dies of a heart attack at the age of 70 in Lancaster, Calif. Stevens won Academy Awards for Best Director for "A Place in the Sun" and "Giant" and was nominated for Oscars another eight times in his career, including six Best Picture nominations.
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