1. 1980: Chrysler receives $1.5 billion loan from the U.S. Government
There was a time when Chrysler was one of the hottest selling cars on the market. But due to the oil crisis of the early 1970’s and much more strict emission requirements set fourth by the government they found themselves in a very dire situation. In 1979 they had to stick their tail between their legs and ask the government to help bail them out with a loan. It was on this day in 1980 that the Secretary of the Treasury G. William Miller announced that the government would step in and offer a loan to the tune of $1.5b billion, with certain conditions. Chrysler was required to raise another $2 billion on their own. Lee Iacocca not only raised the $2 billion but by 1983 was able to pay back the loan given by Uncle Sam and just one year later was able to turn a profit of nearly $2.4 billion.
2. 1869: Transcontinental Railroad is completed
After an extremely long and drawn out process that started back in 1853, Congress finally approved the funds to survey the Sierra Nevada and Rocky Mountains to determine the best path to complete a railroad that would connect the east and west coasts. It wasn’t until 1866 that the two Railroad companies the government chose to work on the massive project began. Central Pacific started in Omaha Nebraska and Union Pacific in Sacramento. The conditions these men had to work in were incredibly harsh and it want uncommon for whole crews to be swept away from avalanches, or Indian attacks, or one of many other dangers. Even after all that, just three years later on this day 1869 over 2000 miles of track had been completed. Both company presidents met in Promontory Utah and drove in the last spike that would alter be known as the Golden Spike.
3. 1996: Eight climbers die climbing Mount Everest.
On this day back in 1996 one of the single deadliest days on Mt Everest takes place when Eight climbers lost their lives. Climbing Everest has become somewhat of a popular thing and there are many different guides and sherpas that can be made available for the riht amount of money. Journalist Jon Krakauer who worked for Outsider magazine was on location attempting to summit the mighty Everest led by experienced guide Rob Hall as well as four other parties. But as luck would have it there was a terrible blizzard that came in trapping many of the people who were attempting to make it to the summit. Rob Hall was one of the Guides that didn’t make it back down the mountain that day, but apparently thanks to modern day technology of the satellite phone he was able to call and speak with his wife. But even with a phone there was nothing that could be done to save him, or anyone else that died that day. Jon Krakauer would go on to write the book Into Thin Air telling the full story of what happened that day, but other people felt as if he dint tell the full story so there have since been at least three other books written about the tragedy that took place.