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1970 HAPPENINGS

MUSIC

37th Annual Los Angeles Bach Festival.  Dr. Lauris Jones conducting

POLITICS

Bank Secrecy Act of 1970 and Currency and Foreign Transactions Reporting Act of 1970 requires bankers to maintain records of cash purchases of negotiable instruments and to report cash transactions of more than $10,000.
Bank Holding Company Act of 1970 allows for a change in the ratio of cladding in our coins.  Coinage Act of 1878 is repealed, which required the minting of silver dollars, but allows for the limited minting of silver-based dollar and half-dollar coins.
The Aswan high Dam is completed
A group of Palestinians hijacks five planes.
In response to a protest against the invasion of Cambodia by a group of Kent State students, the Ohio National guard opened fire, killing four students and wounding nine.  In response, schools all over the nation closed, fearing further repercussions.

POINTS OF INTEREST

People were complaining about the high cost of gasoline.....average price - 36 cents a gallon
English inventor, George Gray, invents LCDs

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