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Paper currency notes, which will become known as greenbacks, are introduced in the USA by President Abraham Lincoln. Numerous songs will be inspired by the introduction of paper currency. Perhaps the best-known is Greenback Dollar written by Hoyt Axton in 1963, which achieved considerable success in a version by The Kingston Trio.
Andreas Cornelis van Kuijk is born in Breda, Holland, Europe. He will find notoriety as Col Tom Parker, the enigmatic manager of Elvis Presley.
Red Nichols And His Five Pennies record Can't We Be Friends and Wait For The Happy Ending, for Brunswick Records in New York City, USA.
The New York Stock Exchange holds a New Year gala in the final hour of trading with The R.K.O. Orchestra playing the latest tunes and pages demonstrating the latest dance steps. Wait 'Til the Sun Shines, Nellie is played at the closing gong.
Bill Cox records NRA Blues for Conqueror Records in the USA. The song is inspired by The National Industrial Recovery Act, intended to assist America's recovery from the Great Depression, being signed into law in the USA. "History will probably record the National Industrial Recovery Act as the most important and far-reaching legislation ever enacted by Congress," declared US President Franklin D, Roosevelt. Mr. Cox and many others remained unimpressed.
The Delmore Brothers record Silver Dollar, Old Mountain Dew, In The Blue Hills Of Virginia and other tracks for Decca Records in New York City, USA.
Lord Invader performs his composition Rum And Coca Cola for the first time in front of a paying audience in the Victory Calypso Tent [an informal music venue set up for the carnival season] in Port of Spain, Trindidad, West Indies. Six months later, visiting US radio comedian Morey Amsterdam will hear the song, take it back to the USA, sanitise its saucy lyric and copyright it in his own name. Rum And Coca Cola will be a huge hit for The Andrews Sisters but Lord Invader will have to go to court to win his royalties.
Popular pianist, tv celebrity and recording artist Al Morgan files a bankruptcy petition in the US District Court, Cincinnati, Ohio, USA, listing debts of $130,280 against assets of $19,900.
Maybelline by Chuck Berry peaks at No5 on the Billboard Top 40 Singles Chart in the USA. On the same day, I Hear You Knockin' by Smiley Lewis enters the Billboard R'n'B singles chart. Meanwhile, over in London, rock'n'roll fan Sidney Turner is fined £3 10s for "creating an abominable noise" by blasting out Bill Haley's Shake Rattle And Roll, much to the annoyance of his neighbours, for two and a half hours during an otherwise quiet afternoon.
Elvis Presley buys a Harley Davidson KHK model motor bike at a price of $1143.00 from Harley-Davidson of Memphis, Tennessee, USA.
Ray Charles plays the last of three nights at McCormick Place, Chicago, Illinois, USA. Over the three nights he has grossed $60,097.
Ella Fitzgerald enters the UK singles chart with her version of The Beatles-composed song Can't Buy Me Love. It will peak at No34.
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Private companies owned by UK pop stars Cliff Richard and Frank Ifield are bought by Constellation Investments, earning the two stars £474,000 between them.
Controversial American radio deejay and music business entrepreneur Alan Freed dies aged 43, penniless, in hospital in Palm Springs, California, USA, from uremia and cirrhosis brought on by alcoholism. Freed's career was ended after his involvement in the payola scandal of the early 1960s. He is mentioned in The Ramones' song Do You Remember Rock 'n' Roll Radio? as one of the band's idols in rock'n'roll. Freed also crops up in Ballrooms Of Mars by Marc Bolan, They Used To Call It Dope by Public Enemy, Payola Blues by Neil Young, Done Too Soon by Neil Diamond, The Ballad of Dick Clark by Skip Battin, and The King Of Rock n' Roll by Cashman And West on their 1973 ABC album Moondog Serenade.
Sandie Shaw and The Paramounts [later to become Procol Harum] play at The Orchid Ballroom, Purley, England, UK.
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The Kinks record Sunny Afternoon and Fancy at Pye Studios in London, UK.
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The Sam Goody music retail chain files for permission to go public by issuing 160,000 common shares at $16 per share in the USA.
Aspiring country music singer-songwriter Kris Kristofferson gets fired from his day job in Louisiana, USA, as a helicopter pilot.
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Making his first live concert appearance since March 25, 1961, Elvis Presley opens at the International Hotel in Las Vegas, Nevada, USA. This will rpove to be the first of 57 shows that will help revive his career and earn him $1.5m.
An 85-page report, claiming that Elvis Presley's manager, Col Tom Parker, defrauded Presley out of $2.7m, is presented to a court in Memphis, Tennessee, USA.
In Los Angeles, California, USA, an eight and a half year prison sentence plus a $90,000 fine is meted out to William Minor for bootlegging Elvis Presley albums.
During a series of GLC-sponsored Concerts for The Unemployed, The Higsons, Terry And Gerry and Alan Gilbey play at The Town Hall, Barking, London, England, UK, Europe. Tickets cost £1.50 on production of a UB 40 registration card from the Department Of Employment, thus verifying unemployed status.
Money For Nothing by Dire Straits is the first video aired on the newly launched tv music channel MTV Europe. The song is particularly appropriate because it includes the line, "I want my MTV."
The cover photograph for the Nirvana album Nervermind is shot by photographer Michael Lavine at Jay Aaron Studios in Los Angeles, California, USA.
Tupac Shakur is released from Clinton Correctional Facility, New York State, USA, on $1.4m bail, posted by Suge Knight. In return Tupac signs a three-album deal with Knight's Death Row Records.
During a UK tour, Thunder abseil down the Tyne Bridge to raise money for the British Lung Foundation.
In the High Court in London, UK, it is alleged by Mark Hapgood QC, that Elton John once spent £30m in just under two years - an average of £1.5m a month. Mr Hapgood suggests that Sir Elton went "spending mad" following a £42m deal with recording company Polygram in February 1996. The claims are made during a court case in which the singer is suing Andrew Haydon [former MD of management company John Reid Enterprises] for negligence. Sir Elton also accuses City accountancy firm PricewaterhouseCoopers of negligence in managing his affairs.
French jazz composer/pianist Jacques Loussier files a $10m lawsuit in New York City claiming that the backing track to Eminem's Kill You has copied his jazz fusion song Pulsion.
OK magazine’s annual Rich List reveals Sir Elton John to have been the UK’s highest earning entertainer in the previous year, having raked in £33m during 2004. The Osbournes come in second with £20m and American Idol/Pop Idol judge Simon Cowell is third with £18m.
Static-X guitarist Todd Salvador (aka Tripp Eisen) is arrested in California, USA, after being caught sleeping in a car with an under-age girl. He is released on bail of $100,000.
At an auction in the Hard Rock Cafe, London, UK, a 1965 Stratocaster once owned by Jimi Hendrix is sold for £100,000. A poem written by Hendrix after his incendiary performance at The Monterey Pop Festival is sold for £10,000, and a signed copy of The Jimi Hendrix Experience debut single, Hey Joe, sells for £2,000.
Los Angeles Superior Court rules that The Doors' former organist Ray Manzarek and guitarist Robbie Krieger may no longer perform under the group name, and must share all profits with the original Doors partnership, which includes drummer John Densmore who brought the court case against them.
World-famed classical violinist Joshua Bell busks incognito, using a Stradivarius violin valued at around $2m, at the L'Enfant Plaza Metro station in Washington D.C., USA. Of the 1,097 people who pass by, only one recognizes him and only a couple more stop to listen to him play. For his nearly 45 minute performance, Bell collects $52.17, of which $20 came from the passerby who recognized him.
Barbra Streisand donates $5m to the Cedars-Sinai Medical Center in Los Angeles, California, USA, to fund a women's heart education and research program.
Britney Spears is reported to be in the process of moving out of Los Angeles, California, USA, to a new $8.9m home.
Nine people are arrested in London, Kent and the Midlands for conspiracy to commit fraud and money laundering, via an internet scam in which DJs allegedly used stolen credit cards to buy their own music on iTunes, thus netting around £400,000 in royalties and boosting their chart ratings.
Philip Markowitz, a neighbour of Beyonce, files a $25,000 lawsuit in Los Angeles Superior Court, California, USA, against Beyonce and production firm Kleiner And Company, claiming that he was rudely awakened at 7am on 26 March when a film crew making a promo for the Beyonce song Why Don't You Love Me, "invaded his neighbourhood" in the Mount Olympus community in the Hollywood Hills.
U.S. District Judge Nancy Gertner rules that Joel Tenenbaum, a Boston University student ordered to pay $675,000 for copyright infringement, need only pay one tenth of that fine. The judge states that the fine was "unconstitutionally excessive." . Tenenbaum had downloaded and shared music files to millions of people by uploading the files onto P2P networks including Napster and Limewire.
The IRS files a tax bill of $492,583 on singer Robin Thicke and his actress wife Paula Patton with the Los Angeles County Recorder of Deeds relating to the celebrity couple's mansion in Los Angeles, California, USA.
The yellow door from Paul McCartney's childhood home at 20 Forthlin Road in Liverpool, England, UK, Europe, is sold at auction for $7,700.
Three of singer/songwriter Paul Weller's children win £10,000 in damages from Associated Newspapers in connection with The Daily Mail's publication of paparazzo pictures of Weller and his family on a shopping trip in Santa Monica, California, USA.
The original hand-written four-page lyric for the Bob Dylan song Like A Rolling Stone goes on sale at Sotheby's auction house in New York City, USA, where it sells for $2m, said to be a world record for a popular music manuscript.
After having received threats of picketing from extremist homophobic religious group The Westboro Baptist Church, Panic! At The Disco play at Crossroads KC, Kansas City, Missouri, USA. Turning the situation to their advantage, the band decides to donate $20 to The Human Rights Campaign for every WBC member who turns up at the show. When only 13 picketers turn up, the band decides instead to donate $1000 to the Campaign.
Brooklyn prosecutors announce that Noel Muir, a general contractor from Uniondale, New York State, USA, has been charged with swindling famed jazz pianist Cecil Taylor out of nearly a half-million dollars from the 2013 Kyoto Prize, won by Taylor.
Nontra Records, in Fort Lauderdale, Florida, USA, files a $150,000 copyright infringement lawsuit against Jamie Foxx, over alleged misuse of a J Rand track on the new Foxx single Party Ain't A Party.
The Music Export Growth Scheme, a new source of funding to help independent music companies grow their overseas export markets is announced, following a meeting in Downing Street, London, England, UK, with the music industry chaired by the Prime Minister.
When DJ Khaled unwisely flashes his American Express black card in a Snapchat post, eagle-eyed followers take down the card numbers and make purchases allegedly totalling $80,000.
Mariah Carey becomes engaged to to Australian billionaire James Packer in New York City, USA. Forbes magazine lists Packer's net worth at $3.5-bn, making him the fourth richest person in Australia.
Paul McCartney files a lawsuit against Sony/ATV in the Southern District of New York City, USA, in hopes of regaining ownership of the songs he co-wrote with John Lennon, which The Beatles' pair lost in 1969.
Pollstar publishes its list of the highest-grossing tours of the year so far, with the Top Ten being as follows :

$151.5m – Guns N' Roses

$118.1m – U2

$98.2m – Justin Bieber

$88m – Metallica

$68.2m – Depeche Mode

$60.5m – Red Hot Chili Peppers

$59m – Adele

$57.2m – Ed Sheeran

$54.5m – Eric Church

$52.7m – Bruno Mars