What happened February 1971 AD

OPEC mandates " a complete and total embargo " against any company that rejects the 55 percent tax rate.

In 1971, the NASDAQ was founded and competes with the NYSE as the world's first electronic stock market. To date, the NASDAQ is the second-largest exchange in the world by market capitalization, behind only the NYSE.

Patch, Linda, and friends founded the Gesundheit! Institute (originally known to many as the Zanies), which ran as a free community hospital from 1971 to 1984.

Under the Tehran Price Agreement of 1971, the posted price of oil was increased and, due to a decline in the value of the US dollar relative to gold, certain anti-inflationary measures were enacted.

On February 18, 1971, the non-profit corporation was formed, and the number of board members was reduced to twenty-five.

Algeria nationalizes 51 percent of French oil concessions.

Indira Gandhi won the 1971 Indian general election.