On this day: December 31

POSTED: 02:25 AM PST Dec 29, 2012    UPDATED: 11:00 PM PST Dec 30, 2015 

Times Square holds its first New Year's Eve celebration, the board game Monopoly is patented, "Calvin and Hobbes" say goodbye, and the U.S. relinquishes control of the Panama Canal, all on this day.

OTD December 31 - Panama Canal
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Stan Shebs/Wikimedia Commons

1999: The United States government relinquishes control of the Panama Canal, as well as all the adjacent land to the canal known as the Panama Canal Zone, to Panama, complying with the signing of the 1977 Torrijos–Carter Treaties.


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