Columbus set sail from Palos, Spain.
The National Basketball Association was formed.
The nuclear-powered submarmine Nautilus became the first vessel to cross the North Pole underwater.
U.S. air traffic controllers went on strike.
A 22-cent stamp honoring author William Faulkner was issued. Its first-day cancellation was held in Oxford, Miss., where Faulkner had served as postmaster from 1921 until his resignation in 1924 following accusations of negligence.
The Iran-Contra hearings ended.