The Winter Olympics opened in Lake Placid, New York.
It was officially known as the III Olympic Winter Games.
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Romanian gymnast Nadia Comăneci scored the world's first perfect 10 for gymnastics at the 1976 Olympics.
Stock markets crashed in New York because of a public panic, which was traced back to wheat crop failure in Argentina.
The comedy movie 'The Apartment' was released in New York, US.
The first historically Black intercollegiate Greek-lettered fraternity, Alpha Phi Alpha, was founded.
The 'Armory Show' opens in New York.
