- In excavations at Tell al-Amarna in Egypt, the Nefertiti Bust was unearthed, intact, after a burial of 32 centuries. The team,
led by a team led by German archaeologist Ludwig Borchardt, discovered the limestone statue of the head and shoulders of the wife of the Pharaoh Akhenaten (who reigned 1353 BC to 1336 BC), while sifting through the workshop o the sculptor Thutmose. Borchardt concluded that the statue had once set upon a wooden shelf, next to a similar bust of Akhenaten, until termite damage caused both objects to topple; and while the pharaoh’s statue was shattered, Nefertiti’s bust survived because it had happened to land, upside down, on its flat top.
- Count Terauchi Masatake, the Governor General of Korea, was asked by the Emperor to form a new government as Prime Minister of Japan
- German-born American banker Paul Warburg presented the blueprint, for what would become the Federal Reserve System, for presentation to Congress and to President-Elect Woodrow Wilson. The original plan, with twenty reserve banks under control of a central board, would be altered to 12 federal reserve banks after Warburg modified the Federal Reserve Act to accommodate the wishes of Congressman Carter Glass.
- Hassan Riaz Pasha, the Turkish Governor of Scutari, refused to accept his nation’s armistice and continued fighting the First Balkan War.
Nefertiti (ca. 1370 BC – ca. 1330 BC) was the Great Royal Wife (chief consort) of the Egyptian Pharaoh Akhenaten. Nefertiti and her husband were known for a religious revolution, in which they worshiped one god only, Aten, or the sun disc. Her bust still sits in Berlin.