140 years ago today, Frank Woolworth opened the first of many 5-and-10-cent stores in Utica, New York. His F. W. Woolworth Company was arguably the most successful American–and international—five-and-dime business, setting trends and creating the modern retail model, still followed worldwide today.

Retail chains using the Woolworth name survive in Austria, Germany, Mexico and, until early 2009, the UK—with a copycat in Australia. (1878)

MORE Good News on this Date:

  • George Washington, the first U.S. president and influential Commander-in-Chief of the Continental Army in the American Revolution, was born in Virginia (1732)
  • Tennessee adopted a new constitution that abolished slavery (1865)
  • Elvis Presley premiered on the music charts with “Heartbreak Hotel” (1956)
  • Barbara Jo Rubin became the first woman to win a U.S. thoroughbred horse race (1969)
  • China and the US agreed to establish diplomatic liaison offices (1973)
  • Start of the People Power Revolution in the Philippines (1986)

And, on this day in 1980, in a stunning upset, the United States Olympic hockey team consisting of amateurs and college students, defeated the long-dominant and heavily-favored Soviet Union team, 4-to-3, on its home ice, in Lake Placid, New York. This victory, which later led to a gold medal, was dubbed the “Miracle on Ice,” and was voted the greatest sports moment of the twentieth century by Sports Illustrated.
WATCH the crowd go wild…

Of the 20 players on Team USA, 13 eventually played in the NHL. 6 of the Soviet Olympians also joined NHL clubs, including Viacheslav Fetisov, who became a teammate of American Mike Ramsey on the 1995 Detroit Red Wings team that played in the Stanley Cup Final. (SEE a short film about the Olympic moment… Read more at Wikipedia)

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