ABSCAM Operation Revealed

On February 2, 1980, details of ABSCAM, an FBI operation to uncover political corruption in the government, are released to the public. Thirty-one public officials were targeted for investigation, including Representative John Murphy of New York, five other representatives, and Harrison Williams, a senator from New Jersey. In the operation, FBI agents posed as representatives […]

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Sakharov Arrested In Moscow

In Moscow, Andrei Dmitriyevich Sakharov, the Soviet physicist who helped build the USSR’s first hydrogen bomb, is arrested after criticizing the Soviet military intervention in Afghanistan. He was subsequently stripped of his numerous scientific honors and banished to remote Gorky. Born in Moscow in 1921, Sakharov studied physics at Moscow University and in June 1948 […]

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Gold Prices Soar

After being released from government control, gold reaches a new record price on January 14, 1980, exceeding $800 an ounce. Gold is scattered sparsely throughout the earth’s crust and since ancient times has been treasured for both its scarcity and metallurgic properties. Before the 19th century, most nations maintained a bimetallic monetary system, which often […]

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United Nations Vote “Deplores” Soviet Intervention In Afghanistan

In a crushing diplomatic rebuke to the Soviet Union, the U.N. General Assembly votes 104 to 18 to “deplore” the Russian intervention in Afghanistan. The resolution also requested the “immediate, unconditional and total withdrawal of the foreign troops from Afghanistan.” The immense margin of victory for the resolution indicated the worldwide disapproval for the December […]

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