Elisha Otis installed his first commercial elevator at 488 Broadway in New York City, US.
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James Cameron's iconic film 'Titanic' won 11 Academy Awards, including Best Picture.
Pakistan became the first Islamic Republic in the world.
The first Soul Train Music Awards took place in Santa Monica, California, US.
Ricky Martin's 'Livin' La Vida Loca' was released.
Shareholders of The Swallow Sidecar Company agreed to change its company name to Jaguar Cars Limited.
