- Feb 2 Idi Amin ousts Milton Obote to become dictator of Uganda
- Feb 8 Nasdaq Composite stock market index debuts with 50 companies and a starting value of 100
- Feb 20 Major General Idi Amin Dada appoints himself president of Uganda
- Nov 21 Battle of Garibpur: Indian troops aided by Mukti Bahini (Bengali guerrillas) defeat the Pakistan army
John Lennon releases his megahit "Imagine"
On October 8, 1971