Wedding of Princess Elizabeth and Frederick V of the Palatinate at Whitehall Palace, London
Jacob Zuma resigns as President of South Africa.
Voting machines are approved by the U.S. Congress for use in federal elections.
Australian currency is decimalized.
The Bank of England is nationalized.
The Bank of England Act 1946 c 27 is an Act of Parliament of the United Kingdom which came into force on 14 February 1946. The Act brought all of the stock of the Bank of England into public ownership on the “appointed date” 1 March 1946. This was one of a series of nationalisations by the post-war Labour government led by Clement Attlee.
Britain remained on the gold standard until 1931, when the gold and foreign exchange reserves were transferred to the Treasury; however, they continued to be managed by the Bank.
During the governorship of Montagu Norman, from 1920 to 1944, the Bank made deliberate efforts to move away from commercial banking and become a central bank. In 1946, shortly after the end of Norman’s tenure, the bank was nationalised by the Labour government.
Seven people, six of them gangster rivals of Al Capone’s gang, are murdered in Chicago in what became know as the Saint Valentine’s Day Massacre.
Fourmen dressed as police officers enter gangster Bugs Moran’s headquarters on North Clark Street in Chicago, line seven of Moran’s henchmen against a wall, and shoot them to death. The St. Valentine’s Day Massacre, as it is now called, was the culmination of a gang war between arch rivals Al Capone and Bugs Moran.
George “Bugs” Moran was a career criminal who ran the North Side gang in Chicago during the bootlegging era of the 1920s. He fought bitterly with “Scarface” Al Capone for control of smuggling and trafficking operations in the Windy City. Throughout the 1920s, both survived several attempted murders. On one notorious occasion, Moran and his associates drovesix cars past a hotel in Cicero, Illionis, where Capone and his associates were having lunch and showered the building with more than 1,000 bullets.
A $50,000 bounty on Capone’s head was the final straw for the gangster. He ordered that Moran’s gang be destroyed. On February 14, a delivery of bootleg whiskey was expected at Moran’s headquarters. But Moran was late and happened to see police officers entering his establishment. Moran waited outside, thinking that his gunmen inside were being arrested in a raid. However, the disguised assassins were actually killing the seven men inside.
The murdered men included Moran’s best killers, Frank and Pete Gusenberg. Reportedly Frank was still alive when real officers appeared on the scene. When asked who had shot him, the mortally wounded Gusenberg kept his code of silence, responding, “No one, nobody shot me.”
The St. Valentine’s Day Massacre actually proved to be the last confrontation for both Capone and Moran. Capone was jailed in 1931 and Moran lost so many important men that he could no longer control his territory. On the seventh anniversary of the massacre, Jack McGurn, one of the Valentine’s Day hit men,was killed him in a crowded bowling alley with a burst of machine-gun fire.
McGurn’s killer remains unidentified, but was likely Moran, though hewas never charged with the murder. Moran was relegated to small-time robberies until he was sent to jail in 1946. He died in Leavenworth Federal Prison in 1957 of lung cancer.
YouTube is launched.
YouTube is an American video-sharing website headquartered in San Bruno, California. The service was created by three former PayPal employees—Chad Hurley, Steve Chen, and Jawed Karim—in February 2005. In November 2006, it was bought by Google for US$1.65 billion.YouTube now operates as one of Google’s subsidiaries. The site allows users to upload, view, rate, share, add to favorites, report and comment on videos, and it makes use of WebM, H.264/MPEG-4 AVC, and Adobe Flash Video technology to display a wide variety of user-generated and corporate media videos. Available content includes video clips, TV show clips, music videos, short and documentary films, audio recordings, movie trailers and other content such as video blogging, short original videos, and educational videos.
Most of the content on YouTube has been uploaded by individuals, but media corporations including CBS, the BBC, Vevo, and Hulu offer some of their material via YouTube as part of the YouTube partnership program. Unregistered users can only watch videos on the site, while registered users are permitted to upload an unlimited number of videos and add comments to videos. Videos deemed potentially offensive are available only to registered users affirming themselves to be at least 18 years old. In December 2016, the website was ranked as the second most popular site by Alexa Internet, a web traffic analysis company.
YouTube earns advertising revenue from Google AdSense, a program which targets ads according to site content and audience. The vast majority of its videos are free to view, but there are exceptions, including subscription-based premium channels, film rentals, as well as YouTube Red, a subscription service offering ad-free access to the website and access to exclusive content made in partnership with existing users.
YouTube is launched
James Cook is killed near Kealakekua on the Island of Hawaii.
Youtube is first launched.